Re: real estate questions....
RE prices crashed in 1987 approx. 30% and did not recover in any meaningful until around 1998. 30% off with 10 years to recover is your basic risk based on that as a baseline.
A trend in motion tends to stay in motion. Folks have been naysaying RE for over 5 years now. Any RE crash will certainly have huge macro effects and kill the US economy.
This RE crash scenario is a highly unlikely scenario; a more likely scneario is no appreciation for 3-7 years.
|