LiquidSoapDispenser

Calling a Housing Bottom

Regarding #3 -- Widespread speculation would have been much more difficult with better lending practices (which is tied to the subprime lending).

BTW, I think many (reasonable) people were able to call the market top fairly accurately here in Los Angeles. I believe my next door neighbor sold at the perfect peak, as I would have too, had I seen my home merely as an investment. Maybe this has lead to a false sense of ability on my part, but I do hope to be able to see when the market is near bottom.

Most people here seem to agree that the market has yet to bottom out, are you saying we are all crazy to think we can see that?