Hannibal wrote:
I'm glad I have one of the last v 8 interceptors
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| How far will home values plummet? https://gladerebooted.net/viewtopic.php?f=8&t=8566 |
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| Author: | Rynar [ Thu May 10, 2012 1:06 pm ] |
| Post subject: | How far will home values plummet? |
Do you think they will reach 1980's levels? At what point do they become a viable long term investment strategy again? I have my own thoughts on this, but I'm interested in reading yours: |
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| Author: | Hopwin [ Thu May 10, 2012 1:12 pm ] |
| Post subject: | |
I don't think they will ever recover. I think the slide will continue for another two years. Since there is no economic incentive to destroy existing supply but new houses are still being built it will continue to pound itself into the ground unless someone steps in, starts buying old houses and demolishing them. |
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| Author: | Micheal [ Fri May 11, 2012 12:15 am ] |
| Post subject: | |
The slide will slow but will continue for another seventeen years. In 2029 homes will eventually reach values not seen since 1978. Ten years later, 2029 will be seen as the good old days. The stock market will think it a good day when they break 2000. The United States will be down to about 20 eastern states. Quebec will be in ruins, but it will have been a Pyrrhic victory for the alliance of Toronto and Alberta. The Western American Union speaks a combination of Spanish and Chinese and is still at war with ANZAC. Hawaii is a wholly owned subsidiary of Disney. Housing prices will be the least of your problems. |
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| Author: | Hannibal [ Fri May 11, 2012 6:46 am ] |
| Post subject: | |
I'm glad I have one of the last v 8 interceptors |
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| Author: | Hopwin [ Fri May 11, 2012 7:09 am ] |
| Post subject: | Re: |
Hannibal wrote: I'm glad I have one of the last v 8 interceptors
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