[pfony1]

You said:

"And btw, we are also starting to push on a string here in the USA."

Somehow, I doubt that your opinion factors in the report in yesterday's WSJ that the number of homes for sale in November FELL at a rate that was TWO HUNDRED PERCENT of the "normal" rate of decrease from October to November.

IMHO, this statistic proves that the so-called "housing "bust" is now over. My opinion should be confirmed by the spreading of price appreciation from "many markets" now to "most markets" in the first quarter of 2007.

Time will tell which of us has been engaging in analysis -- and which has been engaged in "wishful thinking".

I can live with that...

[GodGunsGuts]

You're on. You might see some swings up and down within the trend (as no market travels in a straight line for long). But on the whole, the plunge in real estate is only just beginning, and it will have widespread implications for the larger economy, which btw, the FED is starting to publicly acknowledge.

[GodGunsGuts]

I took you up on your challenge. No reply. What gives?