Nowhere Near a Real Estate Bottom

3/10 - "The real estate bottom is so far in the future it’s not even worth attempting a prediction...It simply takes time for people to recognize that even real estate markets can fluctuate on the down side.

In general, this will always result in a real estate market that lags the general economy. Thus, anyone who accepts the preceding statement as reality should easily recognize the ridiculousness of predicting a real estate bottom when we haven’t even experienced the recession yet!"

"The banks don’t have a clue what’s going on, and these insignificant write offs we have witnessed to date are just a fraction of what is to come...This crisis will not be cleared in a few months - perhaps not even a few years."