You Ain’t Seen Nothin Yet. Ba-Ba-Ba-Ba-Baby, cause you aint seen nothin yet. Just like BTO (Bachman Turner Overdrive) used to say.
Areas with the greatest appreciation, WILL have the greatest depreciation. If you look at the last RE Bust in 89-91, this is exactly what happened. And, markets DO tend to overshoot more on the DOWNSIDE.. Panic is a stronger force than Greed. People may HAVE TO SELL, but they DON’T HAVE TO BUY.
We are are just getting started. It’s going to be brutal.
Start posting those declines in your neighborhood, using Zillow.
