What if we have a repeat of this last six months in either the first half or second half of next year or both? WOW! It certainly seems the road would start flattening out around then. It looks like the appreciation of the phony years can come of as fast as it went on.
Rustico – Based on the current situation I tend to agree with your notion above. I think we are currently in the steepest part of the depreciation for this real estate cycle. I believe that the down cycle is over half way complete in terms of price, but maybe only 1/4 to 1.3 in terms of duration.
