Where are we...
#20. Prices will collapse to 50% of what they are today, in 18 months. Myth or Reality?
Reality, of course.
Well neither myth or reality, of course.
A myth is something which is believed to be real but isn't.
But the future is neither real nor unreal. It just hasn't happened yet.
An ill-formed question, sort of like "have you stopped beating your wife?"
BTW I am expecting a 50% real decline but not nominal, at least not for SFH anyway. That's what it would to get price/income and price/rent down to the levels of the trough of 2002, a time of low interest rates. If interest rates increase real prices could go lower to 80's levels. Note that the real bottom in both the 80's and 90's declines was reached about 6 years after the peak, and I don't expect it to happen any sooner this time around.