Relevant:
- Our American Homes. They All Fall Down -- Much Further.
- Property Values Set to Fall 43% From Current Depressed Level
- California property values fall for the first time in 76 years
- As Values Decline, Pension Funds Jump Into Real Estate
- Property Values Set to Fall 49% From Bubble Peak to Long-Run Average
2009-05-14 — thenewmortgagecompany.com
In a typical bank crisis property values fall for five years. My opinion is that we are in a bank crisis. If correct, then we are now three years into a five-year property deflation (a fall in home values). The all-clear is summer 2011 if history is our guide. Stocks and bonds will likely be brought down further by the continued fall in property values. If you have any choice about how to hold your savings, hold cash. That means sell stocks, bonds and real estate. If you are moving and you have a choice, chose to rent and not to buy real estate.
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