LA_Renter, I agree with you to the extent that we are at an inflection point. I just don’t see/hear a “pop”. More like a slow hiss as the air comes out, maybe? I just know that I make a good salary, and have a good amount for a downpayment, and I’m stunned at the fact that I can still only afford a POS, or live somewhere where I will spend a large part of my life fighting traffic.
I am a (hopeful) housing bear, and in fact enjoy the fact that I made a little extra money from SRS (the housing short ETF), but I’m not too sure how things will tumble over the next year. With the political ramifications going into November 2008, we might not see too much of a decline. I hope I’m wrong.
