Looks like for the first time in my lifetime house prices will decline. Seems we will have to pay the devil. We had such a good run for so long it caught up with us. How long and how deep it will go is anybody's guess. Personally I think it will last for a few years. You are fine if you bought years ago but not if you bought recently. Many people are actually upside down on their mortgages. We will still have some demand but it will be much softer than before. I think rental property will be the way to go. People will have to rent if they can't buy a home. Oh well hang in there this will pass eventually.
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