John Carney|Apr. 21, 2009, 10:29 AM
House prices will eventually stop falling, probably in about two years. But will they ever recover to the levels we saw during the heights of boom? In some areas, prices might climb that high again. But for most markets, such a recovery will probably never happen, and would take decades it were to occur.
In an essay published today, Charles Hugh Smith explains that the bubble vaulations are probably never coming back.
For the 5 reasons, go here.