Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.
If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.
Carnage? yes. Cleanup and recovery? Slow but sure.
