LOL!
It makes a lot of sense and I agree.
I, too, am waiting for RE prices to drop before I buy me a couple of condos or co-ops. Already own two co-ops (live in private hose) purchased 1n 1997 with a combined net cash flow of about $600/mo. Net cash flow, appreciation and leverage - a deadly combination. In the mean time I'm hoping for higher interest rates until RE hits bottom at which time I jump into the fray and buy, buy buy.
I want to make some money.
I hope they don't drop too much or I might not have a job...