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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (272982)9/2/2010 4:55:13 PM
From: John VosillaRead Replies (1) of 306849
 
'Affordable with 3.5% down payments backed by the FHA maybe. What if there is a minimum of 20% down and 6% interest? Would it be affordable then?'

Probably another leg down in overpriced areas that never fully corrected. I doubt it causes much of a ripple in the affordable areas as the supply pool will be in very strong hands with low fixed rate loans by then. Think 1970's if that even happens.

Look we are probably going to have a decade of stagnant housing activity with much lower turnover and continued very low new home starts. Not a bad thing as we continue to deleverage and remember very low rates will spur new innovation in other industries much sooner.
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