Can'tSpotABubble?

Home Prices May Be Nearing Bottom, Bank Equities to Follow?

I'm getting real tired of every pollyanna trying to call the housing bottom. Here's an easy way to tell we have reach normal, sustainable pricing:

1) I by a property with 20% cash down, no fudging on this amount of any kind or assistance.

2) I rent said property to a tenant at a market rate

3) I have positive cash flow day one after P.I.T.I and associated costs

Until that day is reached (and we are no where near it) we are no where near a bottom.

Period.... End of story.