Very true indeed. I expect a bloodbath in the next couple of year.
Another thing is that homeowners are adjusting to paying fully amortized mortgages without prospects of appreciation. People aren’t going to buy unless they can see subtantial appreciation in a 5 year time frame. They panic if prices decline within 1 year of ownership.
i’ll bookmark this thread and come back to it in a couple of years. We shall see….
