re: I posted on PoliBoard, but you OT ballers will like it, too

quote:

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what could possibly go wrong.

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You're using this graphic wrong. This shows home values returning to, or at least trying to return to, true market rate values. Home prices were artificially inflated, peaking in 06, due to a massive influx of buyers with "cheap money" due to lax lending practices. When the bubble popped, no easily lent money meant less buyers to no longer bid prices up which caused home values to try to adjust to pre bubble levels.

If what the OP posts is true, and I hope its not, is that we may see some (<$250k) home prices increase artificially again. It also means we have learned NOTHING since the last bust and are on the way to repeat those mistakes. Its NEVER, "But this time its different." This current bubble inflating will pop just as the others have. They always do.