Paul Bogdanich

Property Values Set to Fall 43% from Current Depressed Levels

Where it's really starting to show is rents. People simply don't make enough to support these prices. Now that the easy credit is gone and the first time home buyers incentives are waning and baby boomers are due to begin selling homes the prices have to come down. No one wants to hear that though. Actually some people get quite upset when you mention it.