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August 12, 2005
Today's Housing Bubble Post
-- by Dave Johnson
The Housing Bubble 2: 'How Far Is Down'?
"So now we can see exactly 'How Far Is Down' for any particular rental property. In this case I should expect to see my current rental house drop in value from $550,000 to $220,000 based on historical mean reversion characteristics.""The real problem lies not in the fact that the rental house I live in will only be valued at $220,000 but rather how fast it falls and what happens when the landlord decides to sell."
Posted by Dave Johnson at August 12, 2005 2:52 PM
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