How's That Recovery Comin?

Originally Posted by dalakhani

Too high still. Everything is going up but wages. Until we return to an arc where home prices are 3-4 times wages, home prices are too high.

keep in mind, this is a national average and real estate is local. In many areas, especially areas like yours where there is so much vacation and rental property, I think prices are extremely LOW. I think many people are going to look back ten years from now and wished they had bought RIGHT NOW in some of these areas.

All you have to do is drive 50 miles of the gulf coast to realize this country is going into a great depression.