RO – I tip my cap to you for the effort, but you must have realized by now the futility in it. Anything other than a negative comment about how bad things are or are about to be, will be disagreed with by most people in here. There are exceptions, but I do not think there are many that would view things as you do.

It is not for me to say who is right or wrong, but I am much less negative about housing than most here, but still bearish. Most people in here view housing as a day trading vehicle, whose value they will monitor on an hourly basis once they finally buy a home. As a result, when the trend in pricing is down, they will not agree with your logic. They will be horribly stressed out if their home does not appreciate in the first 6 months they own it. There is no question if that is one’s view, this is no time to buy.

As someone who has a longer term view like I do, I agree for the most part with what you have stated, I did buy back in 7 months ago at a huge discount, and was content for getting a good deal. I bought so cheap that the value of my house has still not declined anwhere near to what I paid for it. This is what I think many in here miss, things are so bad right now that individual properties can be bought in the right circumstances, very near to where their lowest point will be in the future.