Myito, I cannot speak for others on this board but my discomfort about articles and surveys of this nature is the fact that they don’t give any concrete reasoning about why the turnaround will happen. At least your post makes an attempt to do that. I don’t really agree with your post because people who retire look for income and in general I think there are much better income generators for retired people then real estate.
So when I read these sorts of articles I wonder what assumptions are they making to back their data… Do they believe the lending climate will be different? Personally I don’t envision more lax lending standards, do you? Do they feel that there will be substantial job/income growth? Hmmm I don’t really see that either. Are foreclosures going to slow down? Will there be a sudden surge in demand or drop in inventory? Just where do they see the root cause of this growth?
Anyways, this is why I don’t agree with the prediction. I need to see the justification for the rebound and growth. Besides, these same articles a year ago claimed 2006 was supposed to be a minor correction.
