What you fail to comprehend is that there is no such time as an absolute bottom. There is no magical time when every property can be purchased for the lowest price. Every transaction is different and dependent on many variables. As a buyer you make your own bottom by doing your due diligence. that takes time and without alot of luck does not come easy. Great deals were cut before early 2009, during and after. theya re still being negotiated out there as we speak. You have yet to give a single compelling point. Just broad claims and generalizations. Best of luck to you.