Archive for September 30th, 2007
Housing Long Term
Sunday, September 30th, 2007
Based on past experience, it seems very reasonable to think that we’re only in the very early stages of a many-year-long price correction. Don’t think about the housing market turning around in 6 months, or even in a year or two; I’d suggest that you think about it gradually falling and leveling off over the course of the next 5-7 years or so. So be patient.
The post inlcudes some good historical price appreciation depreciation graphs that put things in perspective.
