You make a good point UCGal. And I was refering to you when I agreed that there is sometimes a difference between a house and a “home”. Sounds like you have a great hood that you love and that’s important, no doubt.
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Here is a chart that illustrates the importance of the Questions:
1) Do you believe the “Green Shoots” PR and think we are at the end of a recession and NOT in the eye of a depression storm?
2) If so, then why do you believe this is just another run-of-the-mill recession and RE cycle?
Look at the projection for a normal return to median prices (with a run-of-the-mill recession).
But if you are in the depression camp or even leaning towards that end of the scale then probably not a return to GD1 adjusted levels but a over correction to the downside maybe?
