It is clear that we are in a declining real estate market. In an interview on On The Edge (discussion starts at 19:40 in the interview), Karl Denninger of Market-ticker.org has predicted that housing prices may fall another 50% or more over the next 2-3 years. “My expectation is that over time, the deflation in housing prices and the deflation in that sector, along with most other sectors, is going to continue. I don’t think that there is any bottom anywhere in sight in the United States. The foreclosure mess is still there. The holding of assets with unrealistic values is … (2 comments)
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