[GlockThe Vote]

I have been telling my GF that prices are still 20 - 40% too high based on historical criteria, and she used to yell at me for not buying, but no longer.

I have been following Schiff/Celente for years and they have been spot on.

[Lazlo in PA]

Well if you hold out longer you can get a McMansion on Cape Cod prices. There are two factors that no one is talking about in this mix.

1) Mellennials are gun shy and super conservative. They are trending toward renting for life to avoid the issues their parents are experiencing owning a home these days. No one is buying starter homes like they used to.

2) Baby boomers who bought these McMansions are getting too old to want the hassle of the big house. They are willing to take huge losses to get out of the overhead and retire in a more suitable home. That is leaving a lot of these on the market and it will only get worse.

Factor in bank owned stuff that they want off their books and that leaves what I read was almost a 12 supply of existing housing.

I can’t imagine seeing a sellers market again for a few decades if ever.

[blam]

"I have been telling my GF that prices are still 20 - 40% too high based on historical criteria, and she used to yell at me for not buying, but no longer."

I thought of this article when Iread your comment:

My Friends And I Are THRILLED About Falling Housing Prices