I bet if you simply wait to buy after the first up year, you will be close enough to the bottom to be happy.
What are the chances of a 1 year bear rally in real estate and then another plummet? My only concern.
Wait until we burn through the massive inventory and foreclosure rates start heading back to the norm, and the first year we go positive, you buy.
No way were gonna have a crazy 20-50% rebound in one year after a crash like this. The market psychology will be way too damaged for that to happen again for a very long time.