Relevant:
- Conservative Property Index Predicts We Are Less Than Half Way Through Fall
- Our American Homes. They All Fall Down -- Much Further.
- Deep Depreciation-American Homes: They All Fall Down -- Much Further.
- Property Values Set to Fall 49% From Bubble Peak to Long-Run Average
- Looking into the Japanese real estate mirror: Residential home prices in Japan back to levels last seen 30 years ago in spite of near zero percent mortgage rates.
2009-11-02 — newobservations.net
" If you use a 20-year time horizon, and assume prices will return to the trend line, then our residential property bubble will bottom after values fall over 40% from current levels (see above (c) aka “(Y) – (Z)†aka “Loss Today to Bottomâ€). I make no predictions. I do watch numbers. The chart shows a catastrophe of falling real estate values loaded up on top of our current catastrophe in real estate values."
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