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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (50125)1/18/2006 1:21:13 PM
From: GST  Read Replies (1) of 110194
 
I really have no sense of how big the drop will be -- but I do agree that it will be unevenly spread in terms of geography. Hawaii is a market apart from the rest, but in the 1990s prices were hit pretty hard and the declines continued for many years. I expect there will be an initial drop of about 20% in many places and then a longer sickening slide that takes years to hit bottom. The first part will come as no surprise -- the second part might be hard to take.
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