Wow, during the Great Depression 1929-1941 the average home price dropped 25%.
In CA, FL, and many other areas the average home price has dropped over 30%, in less than 18 months (not 12 years like above)
Professor Robert Schiller-Yale University Economics (he also warned of Dotcom-NASDAQ bust of 2000) said it may take many, many, many, years for these markets to recover and we are not finished yet!
www2.standardandpoors.com/portal … 0,0,0.html
I have been advising my clients to Strip every possible dollar out of their home and stay Flexible, Liquid, and in Control of their money.
Homes have Crashed more than Great Depression!.