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2011 Jul 3, 9:58am
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2011 Jul 3, 9:58am
Tell me why prices won’t DEPRECIATE (not crash) back to the mean, over a number of years?
1970s style inflation.
Don't see it happening, but I can't say it won't.
The minimum wage in Calif doubled between 1968 and 1981. It could double in the next 12 years.
That's the general trend; the system desperately needs wage inflation. Maybe we'll actually get it.
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1. When do you think U.S. home prices (nationally) will bottom?
2. How much further do you think prices will drop (nationally) before prices bottom?