Quote Originally Posted by minimoke View Post
Perhaps the tide is turning and those that weren’t on the boat have missed it.
I think it would be wrong to think of the real estate market as a fast and maneuverable little speed boat....changing course quickly.

I think the real estate market is more like a bloody supertanker.......big, slow, and not the least bit maneuverable....in fact all that inertia could find it blasting beneath any reasonable perceived bottom before it changes course back in the right direction.

If the real estate market ran higher than it should have in recent years, isn't it within the realm of belief that it could correct LOWER than it should?

I think that once the credit crunch is absorbed(which could still take a considerable amount of time), and we eventually get back to normality with a new game of monopoly without all the global volatility(and after correcting to the lowside in my opinion), I think real estate will be quite boring again for quite some time.


The next fast rising real estate tide and "Act Now!" attitudes may have to wait for our children to get excited about.