The only time to buy is when the prevailing attitude is that you’d have to be crazy to buy. We’re a long way from that point.
I’m not sure I get your point but you would be crazy to buy. House prices keep falling. Houses that were selling for $350,000 a year ago are going for $150,000. I used to think that was the bottom but someone shortselling at $139,00 for the same house.
They have had lookers and seemed optomistic they would get out only having lost $100,000 on the sale.