Very good point, csr_sd. People don’t realize how much money they are “loosing” every year holding on to depreciating real estate investments.

The investors out there will be hammered if the downturn lasts a long time. The staying power of investors is not indefinite. There will be a point when they give up and that will be the real turning point for this market.

The investors make this market and they’ll be the ones to break it. (By investors I mean the investor landlords as well as the gambling on appreciation, over-extended homeowners).