Posted on 10/28/2007 4:14:43 AM PDT by Jacquerie
What an interesting perspective.
Yes...I know the bottom.
At my super-secret meeting last night with the other 33rd degree Masons at the CFR Compound in the secret underground town of Bilderberger, New York, the Illuminati told me telepathically that the bottom will be on February 18, 2012.
The correct date is 21 Dec 2012. Your handlers are withholding important information from you.
When the average income in an area can afford the average home price.
When have you ever heard that someone levereged their investment that it didn’t involve risk? Name one way.
[tinfoil hat on]California fires were started by the Mortage industry, needed new homes built and sold to revive the housing market. bbbbzzzaaap!! it’s dead jim. it’s dead.
bump
The US Housing Demand is about 1.6 million houses per year. Since 2000, we have produced between 1.8 and 2.0 million per year, leaving an excess of 2.0 million houses available. In order to fix this problem, there needs to be less than 1.6 million homes built for a few years to absorb this excess.
The educated answer/guesstimate to your question is that the we should have our housing in equilibrium in 2010.
My previous answer needs to be taken in context that real estate is a local business and the housing market will not hit bottom nor recover at the same time in all locations.
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