I tend to to agree with you Bugs one this one (though I dont always agree with you on everything). I think that the lower end is rapidly declining and will reach a level within the next year where there isnt much in the way of a meaningful decline left. I was trying to get to this point a week ago on one of the threads behind an article by Rich last week. At that point the key from a buyer perspective will be to find the one gem out there. There will be tons of crap out there and finding the one gem out there will be worth the risk of overpaying slightly IMO. When everyone acknowledges we have hit bottom and he have started heading up competition for that one gem will be much keener.
