“Would you really let reaching a “seemingly low price” determine the bottom? I would personally look at other factors such as the amount of inventory, # of credit worthy buyers, state of the economy (specifically local), and home prices to rents/incomes instead. I’ve seen homes quadruple in value over 10 years. Just because they have fallen nearly 50% doesn’t mean they can’t fall more.”
I gotta admit Matt that has a ring to it…despite my comments earlier in the week. There are going to be some completely wrecked markets. Like I said, you are up there.
When you do the math on the gas, it really comes out that badly for the majority who live there? Why wouldn’t it just become the hybrid or maybe the senior capitol of the world at a certain point.The whole place could run on electricty and geritol.