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Analysis: Why a "Down Market" - is really - A "Corrected Value Market" the Time to Buy? Now.

Posted by: tim in Realestock, real estate on May , 2008

Assume a $400,000 home in California became an $700,000 home in the period of a few years based on no real tangible value – here’s how:

Side note for mathematicians: I'm taking the liberty of the J.M. Keynes approach to this economic analysis and the numbers - ' I'd rather be approximately correct, than precisely incorrect...' (I've also heard this "approximate" quote attributed to W. Carr). Thus, if my math is "off" don't get too hung up on the figures - the concept is to identify economic reality, not the ten grand here or there of value ...

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