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Expat, dude, put down the Kool Aid! There is not a pent-up demand, the population of many overbuilt areas is decreasing as folks flee to less expensive areas, and the economy is tanking! Interest rates are going up - have you looked at mortgage rates lately?
Feb 28 07:46 am
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All Comments by Jim in Orlando »Housing Prices Are Still Headed Down [View article]
Yeah, they're not making any more land... wait a minute, don't realtors say that a lot... you wouldn't be... nah!
Ah ha - you hit the nail right on the head man - PRICES HAVE TO DECLINE 35% or 40%. I salute you!
If the buying public wasn't so stupid and gullible they wouldn't have fallen for this ponzi scheme in the first place!