If you look at rich’s graphs you will see that even if you missed the last bottom by 2 whole years, the market only regained 5-8%, compared to the 33% it gave up during the collapse. That’s two full years of nearly every indicator telling you the bottom was reached, you pull the trigger, and you are only “overpaying” by 5-8%.
So even if the bearest of piggs takes 6 whole months to finally concede that the bottom has passed, you will not sacrifice more than 5%, and probably a lot less.
I don’t understand why everyone thinks that prices are going to run up like they did in 2003-2005 again. NO ONE has anymore money… seriously, it *can’t* happen again because none of the players are in a position to repeat their performance. I’m not saying that there won’t be another asset bubble–there will be. But you can bet that it won’t be housing.
