Home › Forums › Housing › Fleckenstein: Many-Headed Housing Hydra › Three things have to happen,
Three things have to happen, in my opinion, before anyone is going to have a solid idea how this will play out.
1. The fact that home prices are dropping in SD reaches the public at large (and sinks in).
2. The speculators jump ship.
3. The folks with exotic financing either sell, foreclose or refinance.
As Rich has said, this is only JUST beginning.
