Quote:
Originally Posted by GreyWolf
The downturn in the US home market has just started and expect that to drop a further 20% and possibly 30% more over the next 2-4 years.
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I don't know how you can generalize the housing industry like that. While there are areas in the US that are going to get hit hard, there are areas that won't. It depends on where you live. There are still cities in the US that are seeing phenomenal growth in property value.
As for housing dropping 20-30%, I've yet to see a single financial analyst predict that across the board. Do you have any links to show this is the case?