It would be interesting to see what the sales prices were in 2003, splitting the difference between the 2002 and the 2004 would be 150k and that would be a reasonable guestimate as to what you will end up finding it will be worth next year. I believe that 2003 should have been the top of the last cycle had the bubble not happened. If you took a vote I bet many here would guess a return to 2003 prices in 2008 is fairly likely and demanded by the laws of economics. Factoring five years of inflation it would actually be close to the 2002 price. I don’t know what the rents are but if they are at about $1000 a month or more they will be too attractive as rental to get much lower than 150k. Deciding the bottom is always a guess but if it gets to the point where it is cash positive or neutral from day one then it probably won’t get there, I just don’t think it will hit 100k if rent is $1000, so what do they rent for?