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Median Housing Prices Poised to Fall Back Below $200K

Why 3.2x? We are heading into a major recession/depression. I would think we would head towards and below the bottom of the range. From a purely mathematical point of view, we need to go well below the long term mean in order to balance out the time and heights we spent above it.

I would guess that we are heading to 2.4 x median income. Given that median income will probably fall to 46k, this means we are heading for something like 115k median house price. That seems much more realistic to me.

Anything else is just more channeling of Lereah and Yun.
Nov 20 12:42 pm |Rating: +2 0 |Link to Comment |View article

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Median Housing Prices Poised to Fall Back Below $200K

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