It's interesting that you saw a lot of this coming in the 1980s.
I've estimated that house prices are currently at early 2000 levels,mannfm11 wrote: > I filed away a lot of data out of those charts and other material
> I dug up out of government websites. I know that the 1977 high of
> 819K units sold for new homes stood as a record until 1997 and the
> only year close was the 817K in 1978. Those were wild speculative
> years, as I was in the residential business during those
> summers. You could list a house and sell it in 10 days or less. In
> fact, if you had a customer, you had to drive the neighborhoods to
> watch for signs or the homes would be gone. Prices were marked up
> ever few weeks.
and that they're going to fall further to 1990 levels. Does that
estimate seem reasonable to you?
John