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11:50
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Originally posted by happydayz:
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It doesn't take much for the nay sayers, to call out a recession is comming. Real estate supply and demand is still being outstripped by demand. It may take a little longer to sell a house, but that has always been the case. Back in the year 1981 a house i lived in with my parents, my father bought in 1968 brand new for $15 000 sold it in 1981 for $110 000.
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Mild nominal declines in this inflationary environment over a couple of years is the concern. The 'real' decline will compound over time and the next generation to drive demand in the economy won't have built up the equity of previous generations to spend more on more than the basics.
