Looks like your #1 is surely happening. I wonder what percentage of Piggs have bought already. From the posts, it looks pretty high.
Still, too much of #s 10, 9, 6, and (not) 5 going on to believe it’s really a bottom, but that’s just me.[/quote]
I should add that prices for the best deals (in decent areas) are still double or more the prices in 1996. Even after adjusting for inflation, that’s still a lot of proven room for more downward movement.