Recently, some members of the Online Think Tank started to consider the problems associated with the recent down turn in the economies real estate market in the United States. Much of the public perception has not fully taken into account just how bad things really are. One Online Think Tank member stated matter of fact: The US Real Estate Market Dead in the Water for the Next 10 Years.
Well that is definitely something that no one wants to hear these days still many analysts believe that the nationwide average of home values can and will go down another 8%. Indeed most consumers and home owners are expecting a rebound in 2-3 years. The real estate analysts think that is unrealistic and say that the home owners are nuts.
Many folks simply are not looking at the fall-out rates and all the foreclosures and a downturn in the economy will create more unrest in consumer confidence. People will not have a reprieve this time from credit card debt, no equity in those homes to cash out and pay off debt, there are huge implications. Commercial real estate might be much different.
Some markets will rebound, others the net population loss; moving West and South are at issue for them. The Online Think Tank wants to stay positive in its news to the public, but it is time to face up to reality and be thinking on ways to make things better than assuming everything will turn around in a few years on its own, not likely many analyst and think tankers agree.
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