I'm not sure that the housing market here or nationally will ever recover without some major coercive policies or an influx of immigration. There simply aren't enough of my Generation X or the Millennials who are going to be able to afford to buy these houses, let alone want the albatross for ourselves. We're marrying later and having smaller families. If people want to sell their houses now or within the next 10-20 years at a profit, you had better hope for a general amnesty or some rather creative lending.