ringy

Shorting Homebuilders - A Sure Thing

I don't know about real estate taking decades to turn around. Having lived through the 80s in Dallas when oil prices went from $17/b to a nose-bleed $33/b ;) Real-estate tanked massively. Condos that once went for mid-80s sold for 20K. Yup you read it right - 20K. It took about 8 years for the mess to clean up. But it did. So depends on your level of patience. But $ cost averaging into XHB may not be a bad thing.