There are areas where we could see a drop of 50% drop in Housing Prices. That said, Phoenix is not one. Las Vegas is not one. Where you see 1,000 square foot condos selling for $500,000 is where prices could still drop by 50%. Where you see the cost of taxes, maintenance, and insurance sharply rising are candidates.
Real Estate is local and rentals are always an alternative. In today's job environment, more people will choose to rent so that they can be where the jobs are.
Then there are the boomers who as they retire look to lower their housing costs as they cannot afford to live in their present home.
Is this Keith Jurow a looney or are these #'s real? If they are real, then homeowners should be worried.
Fabian for Liberty on YouTube also said "we haven't even scratched the surface on a housing bottom".
Yes, this guy is a looney.
If you truly believe in a 50% drop in housing values, invest in gold and firearms because the only way that's happening is total financial armageddon.
A 50% drop takes us to a median of about $90k, which would be late 80s / early 90s without adjusting for inflation (adjusted for inflation, median prices should be around $175k; roughly where they are at present.
Housing at present is right where it should be. But, by all means, if you're going to be an eternal housing bear then you should absolutely go ahead and bet against it.