patrick.net

lol they have been saying that since 2006.

Still depends on where and what market segment.

Where rent has a reasonable parity and where jobs support it, yeah, you bet.

Where rent is considerably cheaper than to buy, except for a few special places (and by special places I mean Atherton) it will correct further.

Beyond that, prices in the 400K+ will continue to go down.

Mid- high will "tank" coming to a parity where 20% down +/- 5/10% rent parity is reasonable. Anything beyond that is crap and is a bubble.

In the bay area we've only begun. Just wait.

Here's another chart I cooked up:

Number of People per health/education worker

2011 will be the year that increasing numbers of people will start calling this a "Depression".

Japan and japanese real estate has been in a long depression from 1991-2010 (so far). Anyone who thinks 2006-2010 is the extent of the US depression should keep this in mind.

When you guys talk about depression, are you talking about the overall economy or just housing?