[quote=jficquette][quote=4plexowner]I’ll say it once again

Capitulation in 2012 with spike lows to or below 1998 price levels

Prices then bounce along the bottom for several years before appreciating at a few (3?) percent per year

Buying before 2010 is definitely knife catching

Will anyone believe me this time? Probably not but I’ll sleep better knowing that I tried …[/quote]

I agree about the 1998 prices.

John
[/quote]

Just to fix the facts, we are talking nominal here right? Not 1998 inflation adjusted? Meaning a 3/2 was $X in 1998m, and will be $X in 2012. Not $X+cpi inflation.