Reply: 1.1.1
From: Paul Zagoridis
At the peak af the 1991 boom I had a property valued at $130K. It was sold in the 1992 bust at mortgagee auction for $72K (valuation was ~$95K). That's 25% below value and 45% below peak valuation.
10-15% is what at market overshoots if you are lucky. A...
