I agree with SDR an CArenter. But for the life of me I can’t understand why the question matters from a prospective buyers standpoint. How much more will the property that I want to buy or in my case sometimes build, go down from here?Or up? How is that property positioned for the long haul from there. Do people want to know when the bottom is printed in the bold headlines in the newspaper or have Rich post it up on a thread so they won’t be afraid to buy? Maybe the problem comes from most piggs wanting to buy in fancy areas which haven’t outright crashed? I think we might be looking at people who made money flipping houses after the bottom and well into 2003,2004 but that was all a fluke. It isn’t likely going to be that easy next time. You have to force it to work to make money or great deals.The best deals especially for lower priced houses are going to be between now and the bottom and around the bottom there will be great deals on expensive homes before the bottom too. Between now and the bottom is where the most fear, distress and capitualtion is.That is why you get a good deal. I am not saying buy yet,not everywhere especially. I am just saying this is a way to look at it. I think some people here are on automatic pilot waiting for air control to say “it’s the bottom now you can take over the controls”.
