The 10 major cities in the Standard & Poor's/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today’s values.
Tuesday's new number from the index showed a gain of just under .5% for the month of September, but the index remains 30% below the high in June 2006. Based upon a trend generated from the actual prices of 1987 to 1997, and generated forward in a linear projection, the index will fall a total of 62% before it reaches the trend norm.
A more comprehensive analysis of the 10-city index based upon a 120 years of data shows current values off 36% and a comparatively modest 20% fall ahead.
LINK HERE
Prepare for the Great Depression.
Survival Seeds
A 45% drop would be a best case scenario in my opinion.
ReplyDeleteSell and lease. Buy commodities, PMs with the proceeds. While inflation will raise the price of just about everything, housing will miss that bus ride.
ReplyDeleteYou simply cannot sell homes with higher interest mortgages and huge job losses. There will be millions of For Sale signs but no buyers.
Most sheeple out there don't even know that Fannie & Freddie are 'holding' thousands of foreclosed homes off the market in their attempt to make the 'numbers' look better. I guess there isn't any corner of this misguided world that isn't in one state or another of rabid corruption!
ReplyDeleteElihu
3:14, what's a PM?
ReplyDelete834 pm is penis movement like a bm only longer lol
ReplyDelete