There are a few areas in the US that haven't crashed horrifically yet - big finance money centers like Chicago, Seattle and Manhattan especially. I'm not sure why these areas feel they're immune. The funding has dried up everywhere. Inventory is building everywhere. Jobs will be lost everywhere. No area will be immune. Some will fare better than others, but every city will fall.
And when you see things like this today, you know that even these "special areas" are about to get punked soon too. Even if they think they have 21 reasons why they won't fall.
Here's the troll view from Chicago. Too bad this poster is Anon - it's much more fun when we can go back a year later and mock them..
"You are a fool Keith for thinking that real estate prices will crash. Here in Chicago's North Side, prices are doing well thank you very much.
Yes, it is true that there are lots of properties for sale, and inventory is high, but prices are not crashing. I repeat: PRICES ARE NOT CRASHING. In the end, homes are selling but it is taking longer to sell and people are knocking off 10K to 30K not exactly a CRASH Keith.
So keep dreaming Keith about a real estate crash."