calidesigner, I remember the 1990s very well. How soon people forget. 1999 was like yesterday to me.
I feel this time around will be twice to three times as bad.
I’m betting that prices will drop to 2001-2002 prices (possibly 2000 prices) then we’ll have a decade of stagnation. I don’t necessarily advise that for everyone, but I’m planning to time the absolute bottom. I’m not planning to buy anything anytime soon. That’s easier for me to say because I already own a house and I’m fairly happy there. But I’d be happier in a better house/location.
I’m taking this opportunity to get to know the market.
