NY Times: Housing far from a bottom

[optimusprime_IHB]

I'm waiting for another 25-30% drop, so around 2011-2012.

After reading this article, I think my expectations are legitimate.

http://www.nytimes.com/2008/10/16/business/economy/16housing.html?_r=1&em&oref=slogin

 

[CalGal_IHB]

I couldn't get that link to work. Try this link.

 

[optimusprime_IHB]

Thx CG, I fixed the link.

 

[momopi_IHB]

Don't be...

The buyer who believes home prices will always go up in an inflated market.

The renter who believes buying is a bad deal when it's cheaper to own than rent.