“Even IF the bottom is here, how long of a flatline. I seriously doubt the chart is going to be a V”

I think you are on the right track jpinpb. I am thinking we could be flat for at least 3 years, but that all depends on how many people are sitting on the sideline, and if credit markets loosen up, then there could be a mini buying spree. My call is a possible slight bump of 1% in housing prices in the next 18 months, and then flat for 3 years, but I think the Fed has done a lot to calm the avg. buyer. Tomorrow will be a big day as Paulson speaks on housing and credit markets and March housing starts are released.