St Laurence stops lending
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ok maybe it's not wages that are important. i figure that at least for in the us that housing prices got out of hand in 1999 i think was the year so prices should deflate back to those levels and peharps lower depending on the economic conditions. which would be considerable less. Peter Schiff said houses were 50% over valued which is huge. if you can imagine houses deflating 50 or even 60% from peak prices it's really going to hurt the purchasers.
x11115 3 years ago
I think not just job losses but wages before the bubble collapsed have to be a variable for how much the real value of houses are not market values. i'm new at this but i would suspect that the prices would fall back to and perhaps below where wages peaked but prices edged higher. I had a little formula but I forgot what it was because it isn't important as just understanding what the market conditions meant..
x11115 3 years ago