Reply To: Drop Em’

forestfire wrote:
Katy, while many countries may be hit by similar problems, it does seem that the USA recovers quicker.

There is no recovery in USA yet.

It is true that some places in Florida have hit the bottom. Bottom meaning $5000 for a buildable plot of land or $80000 for a brand new 3 bedroom/3 bed house.

But California has a long way to go and many states like Utah, Idaho have just started their fall.

Expect the USA market to fall till 2010-2011.