[quote=FlyerInHi][quote=DumpsterDiver]
The bottom was simply a moving target. Calling January 2012 the bottom is just a statistical calculation and has nothing to do when was the right time to buy a given house. The house that any particular person wanted was not likely to be available at the exact moment somebody declared a bottom. What matters is buying a house [/quote]

Ha! A moving target! We are talking about the economy statistics do matter.

If you’re talking moving target, then the period after the bottom is just as good. You picked 2009-2011, why?

The topic is the economy. Not individual performance. Bottom is still 2012 no matter what you say. The time to argue “moving target” is during, not years later when everything is laid out for you to see.[/quote]
This is what he said
[quote=Burns]Burns, the economist, believes that the housing market overall is headed back toward 2002 price levels, on grounds that the gains seen over the last year or so will be reversed as a new flood of foreclosures and short sales hit the market.[/quote]
I rather buy a condo in Jan 2009 than Jan 2012.