Comments on: Merrill Lynch: House Prices May Fall 30% http://susiemadrak.com/2008/01/23/09/35/merrill-lynch-house-prices-may-fall-30/ Keeping a jaundiced eye on the corporate media. Thu, 04 Dec 2008 21:20:35 +0000 http://wordpress.org/?v=2.6 By: lutton http://susiemadrak.com/2008/01/23/09/35/merrill-lynch-house-prices-may-fall-30/#comment-135164 lutton Wed, 23 Jan 2008 15:01:56 +0000 http://susiemadrak.com/2008/01/23/09/35/merrill-lynch-house-prices-may-fall-30/#comment-135164 That sounds about right. Krugman and Calculated Risk have looked at prices versus rents and figured a 20% - 30 % decline to bring prices back to historical ratios with rents. Of course, that's nationwide. Some areas are more out of wack (California, Florida) and others not so out of wack. That sounds about right. Krugman and Calculated Risk have looked at prices versus rents and figured a 20% - 30 % decline to bring prices back to historical ratios with rents.

Of course, that’s nationwide. Some areas are more out of wack (California, Florida) and others not so out of wack.

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