Don’t need to wait for the absolute bottom of this thing because the rate of decline is not uniform throughout the period.. maximum declines will take place 2008 and 2009, after that the rate of decline will drop drastically and taper out. My guess 2009 Q4 will be the optimum time to start shopping. That is 2 yrs from now, not too bad to prep up because the I’m thinking the losses would have been so great that the lending standards are going to be NO BS at that time.
Unless of course Uncle Ben starts running the printing presses again and inflates the currency but then purchasing a home is going to be the least of our problems!!!
