I’m also sort of calling a bottom now.
What I’m officially saying is that the current downward trend is an unsustainable real estate vacuum. Based on fundamentals we are below the long-term average in terms of monthly housing costs relative to rents and incomes. Eventually this will correct itself and we will revert to the norm. I may be early, so I’ll probably keep doing this bottom calling business once every month or so for the next 1 -2 years, so that I can claim to be the first one to call the bottom. (I call this the Schiff method).
