If there is a very rapid decline in home prices, a panic is likely to set in sending the prices even lower. That panic could extend to industries related to real estate, such as lumber, construction, trucking, banking, etc.
Good observation!
All those jobs Americans will not do may look pretty good to some of those folks pushing for open borders.
Sooner rather than later if we do get in a tight spiral.
If there is a very rapid decline in home prices, a panic is likely to set in sending the prices even lower.
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Pure B.S.! People need housing. the speculative real estate market is icing on the cake. A home has intrinsic value and is only worth what someone will pay for it. Speculation during market fluctuations always occurs, but that doesn't control price, supply and demand does. In point of fact, the supply of housing projected for the next ten years will be way below the demand for adequate housing. Katrina alone insured that demand will exceed supply for the near future. I'm sorry, I have just lived through too many of these cycles to act like the sky is falling every time the market corrects. I'm so sick of newspapers and TV trying to attract viewers by scaring us half to death about every aspect of our daily lives. After awhile you realize its just another fairy tale......the boy who cried wolf!