Home prices drop 6.1% in past year, Case-Shiller says

Quote from day7793:

Once these lame brain idiots who are living in rented coops and one bed room apartments, washing clothes at public wash rooms decide to start buying real estate how long it will take to push prices 6% higher?

Gentleman I want you to ponder that question seriously.
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Much of the RE bubble was driven by negligently loose credit standards and the mania to "get in on the easy money".

With responsible loan underwriting [now] and prior housing bubble prices, it could take a lonnnng time to recover to new highs. And in the mean time, there could be much more decline to come.
 
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