Archive for September 30th, 2007
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.