[quote=flu]
Anyway, it’s irrelevant of what folks I think or other folks think what home prices will/won’t go to.
I have a target range that I’m willing and able to afford a home that i want for my next purpose, game on. Otherwise, pass. I’m not going to wait for the magic “bottom” because who knows where that will end up or how long. I could be dead by then..
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I too have a price range at which I am happy to pull the trigger. But the real estate cycle is nothing more than a gradual change in the numbers of people on either side of moving price barriers. So I don’t think that it’s a static game. As time goes on, more people will move their price triggers down, and fewer people will remain at the higher price points. Same happened on the way up. I wouldn’t base my estimates of the bottom of the market on my own personal tiggers.
