Spleng's Q&A

Marco Monteiro:   "...it is also possible for them to rise rather rapidly."Other things which are not impossible:Dick Cheney wins the Nobel Peace Prize.Zimbabwe becomes the next global superpower.Kim Jong-il unveils new women's clothing line and ends 2009 as the worlds top fashion designer.

Sorry choad,"think the decline will be linear and simultaneous across markets." Does not equal:"Actually prices are still crashing and will continue to do so.""Or are you just a complete blithering idiot?"

nvchoad: "think the decline will be linear and simultaneous across markets."Hmmm... I've never thought or said this.  Once again you're either lying or confused.

Actually prices are still crashing and will continue to do so. The price of a low end Reno house now will be the price of nicer house in Reno later.  I agree interest rates are going higher, but wait long enough and this will depress prices even further.  Its going to be about what people can really afford once again.You're still the king of idiotic pronouncements, your posts are chock full. Trying to sell a V recovery was especially choice.

nvchoad you make a good case for waiting to buy until 2012.

From nvchoads linked article, which closes with some good info making the exact opposite point:"Home-purchase activity could wallow at moribund levels," said Scott Anderson, a senior economist at Wells Fargo&Co. in New York. The emerging "green shoots" of recovery may be stamped out, "forcing us to yet again downgrade our outlook for the economy," he wrote in a May 29 note to clients."A weak job market is another reason economists say any rebound in housing would be slow to develop. The unemployment rate, which reached a 25-year high of 8.9 percent in April, may climb to almost 10 percent by the end of 2009, according to the median forecast of economists surveyed by Bloomberg last month.""Rising defaults and foreclosures are likely to also keep property values under pressure for months, making buying a home a risky proposition. The U.S. mortgage delinquency rate jumped to 9.12 percent in the first quarter, and the share of loans entering foreclosure rose to 1.37 percent, the Mortgage Bankers Association said last week. Both figures were the highest in records going back to 1972."

"The adage that renting is throwing money away isn't true. Owning property for most people is a forced savings account. It's really a discipline thing. You could rent your whole life and come out ahead of a homeowner IF you could force yourself to save lots of your income consistently."Here is golden truth.Thank you Real Estate Mike.

It might be a buyers market in certain awful neighborhoods, for example Richmonds:Iron TriangleBut that doesn't mean you should buy there.Like space_acer says, most of the bay area is still far far away.

Enjoyed that article,  thanks Bette.  Some funny things in there:"However, if you look at the graph, you will see that every year there is a similar tick upward in consumption, although the exact date of it does vary by a month or two.""Why? It's called Christmas!"

Oh Really nvchoad?You're giving up on the "This Is Your Last Chance Buy Now Quick Before OctoberGeddon!"Dude you're a walking talking lie machine.