I think the obvious government intervention is the “magic number” price ($521K nationally; probably more in some areas of CA) created by (indirectly) treasuries purchase of conforming paper. So, generally, the faux million $ properties should asymptotically get compressed around that point. The “new” million $ homes will be what they were in times long past – true mansions, rarely bought & sold, and usually without a mortgage.
If, as JP Morgan predict, high end prices decline by 60% until 2012, and yet we are seeing a bottom in low end prices, isn’t there going to be a conspicuous intersection of graph lines, as one plummets and the other rises? Just how likely is that? Aren’t high end prices declines likely to ease current pressure on the low end supply, which will trickle all the way down through the price stratosphere?
If, as JP Morgan predict, high end prices decline by 60% until 2012, and yet we are seeing a bottom in low end prices, isn’t there going to be a conspicuous intersection of graph lines, as one plummets and the other rises? Just how likely is that? Aren’t high end prices declines likely to ease current pressure on the low end supply, which will trickle all the way down through the price stratosphere?
If, as JP Morgan predict, high end prices decline by 60% until 2012, and yet we are seeing a bottom in low end prices, isn’t there going to be a conspicuous intersection of graph lines, as one plummets and the other rises? Just how likely is that? Aren’t high end prices declines likely to ease current pressure on the low end supply, which will trickle all the way down through the price stratosphere?
If, as JP Morgan predict, high end prices decline by 60% until 2012, and yet we are seeing a bottom in low end prices, isn’t there going to be a conspicuous intersection of graph lines, as one plummets and the other rises? Just how likely is that? Aren’t high end prices declines likely to ease current pressure on the low end supply, which will trickle all the way down through the price stratosphere?
If, as JP Morgan predict, high end prices decline by 60% until 2012, and yet we are seeing a bottom in low end prices, isn’t there going to be a conspicuous intersection of graph lines, as one plummets and the other rises? Just how likely is that? Aren’t high end prices declines likely to ease current pressure on the low end supply, which will trickle all the way down through the price stratosphere?
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