![]() For many reasons, I expect housing prices to drop by 50% or more over many, many years. I am paricularly stunned by DTI ratios needed to purchase at current prices. I own (since 1973), but I have children that would like to buy houses and I advise agin it. ![]() Does anyone else feel the same way?”Ī reply, “I think you are on target. I would need to see both a return to normal prices as well as a more conservative lending environment in order to feel comfortable purchasing a home. I’ve simply learned too much about the lax lending standards and shady dealings that drove the current run-up in housing prices. Falling prices would have been enough to change me from a Looker into a Buyer. “Just a few months ago I would have counted myself among that group. Presumably, they would purchase a house if prices dropped sufficiently.” “For example, I’ve noticed that several people who post here are eager to buy a home but believe that prices are too high to justify a real estate purchase right now. What exactly will it take to get them to buy a home?” “I’d like to see a discussion about what buyers ‘on the fence’ are really thinking right now. Several readers want to know what potential buyers think about the market today.
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