“The real decline in these homes based upon builder concessions looks to be about $70,000 which is a roughly 10% discount. Additional financing concessions and free upgrades could push this up higher and its not out of the question for the discount to be closer to $100,000.”
So are you contesting your own statement now?
I just see rampant speculation in your posts. Plus unwarranted insults to Powayseller. Bugs, it seems has actually appraised homes out at Bressi Ranch and he says that even with additions, prices have slipped by around 70K and you agreed originally.
I asked you a straight question. You claim to be a real estate bear. Do you say so to your clients or give them spiel about coastal property, will apppreciate 6% every year, etc., which I have heard from every single realtor I talked to? Forget about forecasts from you or Forbes. Do you feel that it’s your duty to warn that prices may slip by 10% (optimistic case) over the next five years, especially you being a “real-estate bear”? Well, it may not start this year or next, but you being a “bear” must be sure that it’ll slip sometime?
