Matt from Queens

How Much Further Will Housing Fall?

Forget about timong the market and all that other stuff to. And BTW, when your cabdriver says home prices are going to fall, that probably means that the end of home price declines is probably pretty close.

I'm a currency trader, and I used what i call the "Grandma" indicator to get a pretty good idea of where the dollar would bottom. Grandma's birthday is in March, and while we were celebrating Grandma said to me that the dollar would probably weaken further. I love my Grandma to death, but I pretty much knew right then and there that the Euro was close to finished at that point. The euro stopped appreciating in April.

This is also known as the "Supermodel" indicator. Once Giselle said she only wanted to be paid in euro's that was pretty much it.

The next time you're in a cab, ask the driver if he thinks now is a good time to buy a house. If he starts going off like an expert about how and why prices are going down further, run out and buy.