If Asia is anything to go by, the answer is - at least 13 years: http://www.bloomberg.com/news/2010-...-second-mortgages-to-cool-housing-market.html These economies have been pretty well run for the last decade or so, have had nice growth in income and GDP, yet prices are still down from 1997 highs. This shows just how bad it can be to be long housing at the peak of a bubble.
2016 -2018 (bust started in 2005) Worldwide wave C down so we all go together. But who will be the lead horse in the eventual recovery? Here's 50 bucks on C H I N A I've got 5 locations worldwide where I'll buy in 2016-18 at 5-15 cents on the $ - and given the expected huge appreciation in the $ versus the currency in 4 of those locations, it will be even cheaper when I switch to local. In Santa Monica I've got my eye on an oceanfront rel. new, solid looking condo building. I plan to buy the entire top floor at shithouse prices. That's the plan. Go prices go, crash, crash, crash. I took the trouble to prepare when everyone gave me a fck of a hardtime. Only 4 listened and we're all going in together on the cleanup.