Asked by Jared, • Sun Sep 28, 2008
It seems that a key premise in the logic people are using to respond to the questions on this board is the notion that home prices will recover. Do people still believe that home prices will recover? When? To what level? I would like to know where people think prices will stabilize in 3 parts.
When will houses stabilize?
At what level? examples may be XX% of current price, XX% of peak price, or to levels in 19XX-20XX.
Will people be able to pay off mortgages at that rate? Will people be able to pay off the whole mortgage?
I don't think prices will be stable untill they come to levels where people are able to own free and clear so I imagine 1999-2001 prices next year.
Please don't negate this thread with stories about how the left side of XXX block is stable or going up. We should all be able to agree by now that the market is down and if you believe that stories of sunshine in a few neighborhoods will change that there are other threads discussing them.
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