10 years is not reasonable to me. Its only reasonable if you allowed yourself to be brainwashed by banking propaganda into thinking that wasting 1/4th of your productive working life is a sensible thing.
Housing prices are way too high and banks want to keep it at those over-inflated prices to have people slaving away to pay it off. That racket however is coming to an end notwithstanding what I call "the preaching of false economics" coming from banks to keep the scam rolling.
Ideally prices should crash by a good 60 to 70% and return to the point where it costs not more than an annual salary to purchase a house. That's the way it was back in the 40s where it took about a year's/year and a half salary to purchase a home. That is affordable. Right now its down only 30% while the racket of bankers (federal reserve) raiding taxpayers and savers to keep prices up continues.
On a continent where land and building material is abundant and ton of houses can be constructed within a season... where old people are set to die in droves leaving mcmansions... and with a glut of inventory as is, there is no reason prices should be sky high. Yet its defying the law of financial gravity.
Ideally after this crash the (real) recovery can then begin on solid ground. It would eliminate one of the major costs of doing business (land).
I expect bankers to spend the taxpayer and savers of fiat into the ground trying to fight this while preaching false economics all the way.
