Enorah, Regarding the turning point.I think most of us confirmed that we had the same intuition or outright opinion or some combination of the two a long time ago. That’s why we got rid of overleveraged properties or cashed in lottery tickets and/or became avid housing bubble bloggers and are in one form or another anticipating a better opportunity to buy in the future. The collective analysis here in favor and the hollow ring or obvious ulterior motives to the posts to the contrary is enough confirmation. Plain facts(no need to rehash them) show that the turning point has been reached we can speculate now and observe the seriousness of the ramifications and for the most part that is what most of us have been doing for months and some of us for years.