Increased chances? Oil prices are zooming up. Its guaranteed.
IF you have the time, can you please explain to me how the steep rise in oil prices will bring about an 80 percent decrease in current housing values?
This is NOT an "argumentative" question ... rather, I'd like to learn more about this issue.... as even to someone as ignorant as I am about real estate, it does seem that house prices are starting to resemble those of the mid-1990s ------- BUT, an 80% decrease - wouldn't that topple housing values to something like 1950s/1960s prices?
OR... am I totally confused and not understanding the jist of the article?
Thanks!