Quote:
Originally Posted by fotze
Its been pretty almost exactly 2 years since this thread started.
The average single family home in Jan 2008 was at $455,297.
The latest average is for November 2010 at $455,460
I've been waiting patiently for this bubble to burst. I'm starting to get blue bubbles.
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Hehe, didn't you just switch your view 180 degrees only back in July/few months ago?
To be fair though, median for January 2008 was $410,00, median for December 2010 was $389,000. Still tons of downward pressures with little concrete upside imo.
And real estate is generally pretty slow, in this case a bit like a slow motion train wreck of debt. Everything is so much faster only because housing is so illiquid.