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