re: Every time I passed on a real estate purchase because the price was too high...

quote:

---

Do you think those houses that are 375k are going to magically drop back down to 275k?

---

Not magically. But if people aren't buying houses, prices come down. It is simply supply and demand.

I am surprised prices haven't already dropped by noticeable amounts. Perhaps they never will. But it still seems silly to pretend it unreasonable that prices could come down in the next yr or two.