OK Rustico, I have your words before me. The largest and longest RE bubble in US history will correct soon (only 2 years) and by the end of summer 2008 will be the time to buy… (even though every other smaller RE bubble took at least 5 years to correct and the economic environment is much tougher today), there are PLENTY of people around with huge down payments (despite the negative savings rate and record home, auto, and credit card loan defaults), and owning a home at these prices with a potential recession is a smart move. I’m not trying to be an ass, but I guess we agree to disagree. For some reason, I thought you were more bearish on housing…. and that you predicted a longer recovery. … anyways..