You think a 2 year correction will follow a 10 year boom as you pointed out…???? Hmm… Usually corrections in RE have averaged at least 5 years… but in this record setting bubble for time and price appreciation, it will all be over in a few years.. come on guys.
I agree with your points, but this is gonna take longer than two years. If you think you will be getting an “opportunity” in summer of 08, then I wonder what kind of deal others will be getting in 2010…
After a 300-400% home price appreciation in SD and the IE in the last 10 years… you think you will be getting a deal if housing falls only 20-30%.. I don’t.
