[Oberon]

House prices have to decline at least another 20.3% to come back to the historical trend and may have much further to fall, according to Peter Schiff of Euro Pacific Capital.

Karl Denninger (Market-Ticker.org) agrees.

[GlockThe Vote]

I am 35 y/o and do ok, but not great, and still can’t even remotely afford a starter home in Westchester County, NY.

Housing is simply unaffordable and still way too high in most areas fo people under 40 y/o to afford.