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More Clues Housing Bottom May Be Near in Sacramento

This bailout is only a band-aid for past abuses on wall street. Now main street must deal with rising interest rates and many more layoffs and cutbacks in wages as Inflation is well under way, but this time real estate will only react to more downside bottoming that will last for several more years. Realtors have been calling the bottom every year, since the downturn started, that's their job, more sales. The answer is to learn how to stop this spending binge and begin saving. Think what it would feel like, to have no debts and $50,000 or $100,000 in your credit union paying you interest. It feels good, safe & secure. Yes we will suffer with a spending hangover for a couple years, but it will strenthen both main street and America in the long run. We're a long way from a bottom this time around.