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  • Property Values Set to Fall 43% from Current Depressed Levels [View article]
    What you said was what I was thinking as I read this article: it depends on where the house is. SF, LA, LV and Pee-hoenix have way different housing prices and activity relative to income than central Kansas does, and etc. It is good sense to stick to specific markets when making predictions, and not put the doughnuts in with the dumplings.

    On Nov 02 09:59 AM John Galt wrote:

    > I read a Goldman economist said that housing prices would nationally
    > be 5% lower if the government didn't get involved. So the prices
    > in Nebraska, South Dakota, Idaho might be similar to what they are
    > now, but the prices in say Miami, Vegas and Phoenix might be 20%
    > lower... Who knows what the real number is, but 5% is pretty noteworthy.
    > That also doesn't factor in that housing prices still might go even
    > lower ( I think they will).
    >
    > I've been probably the biggest bear you could find on housing, but
    > I don't think prices will fall another 43%.
    Nov 03 10:38 am |Rating: +2 0
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