Alex what do you want from the board? It is a website blog with alot of differing opinions. Nobody is going to hold back. My own analysis may be dead wrong but I don’t see a quick bottom for a ton of reasons. Nobody is holding you hostage so buy a home if you want to buy a home. It is very likely that I myself will end up buying long before I want to buy but that is the way life goes. It still will not change a rationale study of how long it takes real estate cycles to occur. Why is it hard to fathom we are in uncharted waters? We have never had this much overextension from recent homeowners so it seems prudent to err on the side for a longer unwinding then the previous 6 year cycles.
Wouldn’t you think that to be the case?
I cannot wait until 2012 either. However that will not make me change the way I look at the problem. I cannot formulate a solution to fit my personal life. I think it is peculiar that you hammer the board because it doesn’t fit yours.
