Wednesday, September 17, 2008

Realty Check

While Bernard Hickey and Gareth Morgan concede that NZ house prices must drop about 30 percent, I still think that that's optimistic. I reckon 50 percent is more likely. As for the US market, their correction looks to be about 80 percent, if this graph is anything to go by.

Or, if you prefer, why not try the real estate roller coaster again: