No expert claim here, But My theory on this RE bust is this,
RE prices will stabilize at the maximum collective unhappiness Level,
Ie.. At the price where owners hoping for the return to 2005 highs give up hope,
And at the price that will still be too expensive for most to afford (except maybe Temecula valley and like areas where I think we are already seeing some good buying points here and there in My opinion ).
