[homeCooking]

Well I thought it would be a soft landing but at this point I think what's coming it going to be worse than that. I've been watching the market for years and I'd never seen inventory being so high and so many price reduction. Of course it depends where you live, Newsweek is predicting 10% average reduction in the US during the next year and 20-30% in the areas where the housing bubble got the worse( San Fran, Boston , Los angeles and Florida).

We all knew it could last forever anyway. There was a housing bubble of prices increasing 20% every year and income doesn't increase along with it. Now that the interest rates are increasing less people can afford a mortage and let's don't even mention about the people who bought with adjustable rates. They may not be able to make the payments next year.

I saw coming because it was getting out of control...