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Real Estate
Reply to "Will housing prince ever drop?"
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[quote=Anonymous][quote=Anonymous]This is MY recollection of what happened in '08. If I'm incorrect I'm sure I will be corrected. In 2008-2009 prices leveled off and in some areas even dipped a bit, with many homes languishing on the market and eventually just being pulled off the market. The result of this was a housing shortage in 2010-2011 in the DMV - because those who had planned to sell (in '10-'11) lost too much equity in '08-'09 with prices still not recovering in 2010-11 so those sellers just stayed put. I know this because we tried like hell to buy a house in 2010 after relocating to the area, after many months of searching ,while living in corporate housing, we gave up and became renters for the next 5 years. [/quote] 2008 has nothing to do with today. Nothing. [/quote]
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