Why 2000 prices, why not 2001 prices or 1998 prices? The article did not justify why 2000 prices would be at the bottom of this housing downfall. John Mauldin in his newsletter was suggesting that the home price correction happens when the # of homes sold across the country falls to 4 million per year.
Agree that government action is extremely inflationary, and they cannot hold on to lower interest rates for long. Increasing rates can be detrimental at this point.
Employment is the main key and hope that holds up well .
At least the rentals in SD are adjusting upwards, which is a necessary precursor for home prices to adjust. Keep the hopes alive.
