Those are some great questions. I personally haven’t heard the answers as of yet.
On a side note, have you noticed the overall tone of the threads of this website are turning a little less bearish lately? Maybe it’s just me. Sometimes I miss the over-the-top super-bear commentary of Powayseller. I found the content from a couple months ago to be more encouraging for us wannabe homeowners.
I personally am slowly coming to the conclusion that maybe the “downturn” is beginning to turn in the direction of flat prices for many years until incomes catch up a little. For my own situation, I would need houses to come down a good 30% before I can afford one. I’m really beginning to doubt that is going to happen (even with the increased short sales SD Realtor has been posting).
I say all this understanding that the real estate market is a sluggish animal, and the price declines we’ve experienced so far developed very quickly relatively speaking.
