Good series of articles with a dubious pricing analysis at CNN Money today - look at the chart for your city and comment.
I can tell you Phoenix would be lucky to get a single digit decrease - to get back to the historical Rent / Ownership PE line, or income line, we'd be looking at 30%+ declines (and we will)
Everybody from Los Angeles to Boston -- your mom, your doctor, your dry cleaner -- is puzzling over which way the nation's real estate market is headed. Up or down? Bubble or not?
December 19, 2005
Posted by blogger at 12/19/2005