Wells will dump soon

[patientrenter]

“I know lots of people on this forum are waiting for houses to drop another 30-40% so they can get them at rock-bottom prices. Be careful what you wish for. If that were to happen, there would likely be riots in the streets and major police action.”

The last RRE price peak was the highest ever, but we still haven’t yet even matched prices at the last trough, after adjusting for inflation. I can’t recall those 1996 RRE riots. Were angry La Jolla homeowners burning their own homes in anger at the low prices? Or were those riots in Coronado?

[Aecetia]

And probably more than just riots- food shortages, probably inflation and maybe the State will go bankrupt. I think the prices should be more in line with earnings, but a drop of 40% is so extreme, it would probably create large swaths of abandoned tracts of houses and a huge area of Hoovervilles surrounding the major cities.

[Aecetia]

And probably more than just riots- food shortages, probably inflation and maybe the State will go bankrupt. I think the prices should be more in line with earnings, but a drop of 40% is so extreme, it would probably create large swaths of abandoned tracts of houses and a huge area of Hoovervilles surrounding the major cities.

[Aecetia]

And probably more than just riots- food shortages, probably inflation and maybe the State will go bankrupt. I think the prices should be more in line with earnings, but a drop of 40% is so extreme, it would probably create large swaths of abandoned tracts of houses and a huge area of Hoovervilles surrounding the major cities.

[Aecetia]

And probably more than just riots- food shortages, probably inflation and maybe the State will go bankrupt. I think the prices should be more in line with earnings, but a drop of 40% is so extreme, it would probably create large swaths of abandoned tracts of houses and a huge area of Hoovervilles surrounding the major cities.

[Aecetia]

And probably more than just riots- food shortages, probably inflation and maybe the State will go bankrupt. I think the prices should be more in line with earnings, but a drop of 40% is so extreme, it would probably create large swaths of abandoned tracts of houses and a huge area of Hoovervilles surrounding the major cities.

[afx114]

[quote=Aecetia]a huge area of Hoovervilles surrounding the major cities.[/quote]

But what would we call them? Cartereaganushtonushbamavilles?

[afx114]

[quote=Aecetia]a huge area of Hoovervilles surrounding the major cities.[/quote]

But what would we call them? Cartereaganushtonushbamavilles?

[afx114]

[quote=Aecetia]a huge area of Hoovervilles surrounding the major cities.[/quote]

But what would we call them? Cartereaganushtonushbamavilles?

[afx114]

[quote=Aecetia]a huge area of Hoovervilles surrounding the major cities.[/quote]

But what would we call them? Cartereaganushtonushbamavilles?

[afx114]

[quote=Aecetia]a huge area of Hoovervilles surrounding the major cities.[/quote]

But what would we call them? Cartereaganushtonushbamavilles?

[temeculaguy]

Not the canned food thing again!!! Everything will be fine, regardless of what happens. Some areas have seen 50-60% drop from peak and no riots, there is still food. Does anyone ever consider who gets involved in riots? 16-25 year old unemployed males are the driving force in most any riot. France has been dealing with them for a while, in Ireland it was almost a more popular sport than soccer a decade or two ago. Who loses money on real estate? Usually people 30-60, not quite the riot demographic.

[temeculaguy]

Not the canned food thing again!!! Everything will be fine, regardless of what happens. Some areas have seen 50-60% drop from peak and no riots, there is still food. Does anyone ever consider who gets involved in riots? 16-25 year old unemployed males are the driving force in most any riot. France has been dealing with them for a while, in Ireland it was almost a more popular sport than soccer a decade or two ago. Who loses money on real estate? Usually people 30-60, not quite the riot demographic.

[temeculaguy]

Not the canned food thing again!!! Everything will be fine, regardless of what happens. Some areas have seen 50-60% drop from peak and no riots, there is still food. Does anyone ever consider who gets involved in riots? 16-25 year old unemployed males are the driving force in most any riot. France has been dealing with them for a while, in Ireland it was almost a more popular sport than soccer a decade or two ago. Who loses money on real estate? Usually people 30-60, not quite the riot demographic.

[temeculaguy]

Not the canned food thing again!!! Everything will be fine, regardless of what happens. Some areas have seen 50-60% drop from peak and no riots, there is still food. Does anyone ever consider who gets involved in riots? 16-25 year old unemployed males are the driving force in most any riot. France has been dealing with them for a while, in Ireland it was almost a more popular sport than soccer a decade or two ago. Who loses money on real estate? Usually people 30-60, not quite the riot demographic.

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