[wouldntbprudent]

I don’t see “fearmongering” in setting out the historical trends.

Those say that it takes about five years for the housing market to hit bottom in a downturn, and then about five years for prices to climb back up.

It’s consistently an approximately 10-11 year process.

[John123]

I don’t see “fearmongering” in setting out the historical trends.

Sounds interesting... do you have a link I can check out?

[capitalist229]

It’s consistently an approximately 10-11 year process.

There has been long term damage inflicted to the banking sector in the US and Europe, and to the dollar. It will take least a generation to restore confidence until then credit conditions will remain tight.

Real estate is reverting to its long term trend, ie as housing not investment.

It will destroy the hopes of a generation who must be weaned from their twisted illusions about money and credit.

BUMP