How big will the nest Real Estate downturn be 10%-55%?
The last downturn here in SoCal was about 55%, yep people lost 55% of their value in their Real Estate holdings.
A $500k home went down to $250k or less on the average.
Now is your time to contribute your opinion, we are closer to the top than the bottom, when a correction occures will it be : 5%,10%, 20%, 30%, 40% , 50%, 60% or more?
Most importantly, how much of a downturn can you handle and for how long?
Are you liquid enough to handle it?