Although this was a $500,000 haircut off the 2005 purchase price, there were several mis-steps along the way that could have mitigated the loss:
Klinge Realty Group
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Goldman: The peak for core PCE inflation has likely peaked. The goods inflation surge caused by shortages and rising commodity prices should moderate.
But "we expect year-on-year core CPI inflation to meaningfully reaccelerate in late summer" before falling to 5.5% in December.
New post (Remote Work Caused 1/2 Of Price Surge) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/07/05/remote-work-caused-1-2-of-price-surge/
House Price Declines: How Long for Real Prices to Recover? https://calculatedrisk.substack.com/p/house-price-declines-how-long-for