MalibuRenter_IHB
New member
Still no permabull volunteers? I guess that my detailed calculations of a 45% drop from peak prices by year end 2009 wouldn't qualify me for that position.
However, I'm becoming more convinced that it won't take down the entire economy. I am actually quite optimistic about the long term prospects for the economy, but the real housing prices in CA will be about half of what they are now.
However, I'm becoming more convinced that it won't take down the entire economy. I am actually quite optimistic about the long term prospects for the economy, but the real housing prices in CA will be about half of what they are now.