kingKong, do you think I’m part of a large trend, i.e. people selling their homes, not having spent ANY of the equity, and then saving it waiting for a correction? I thought most people had spent their equity, and when they do have to sell, have nothing left to save. Also, I think I’m in the minority in anticipating the correction. I would like to hear which group of people has cash, because I’ve been reading, from the government even, about the housing ATM. Real cash comes from saving, not debt. I also think we’ll see a 50% decline in housing over 3 – 5 years, based on needing to get back to a trough baseline of per capita income/median house price needing of 9. Now the ratio is 14.5, and if you track SD history back to 1976, you’ll see that each correction brought us back to a ratio of 9. KingKong, I would love to hear any counter points you may make. Thank you.