Financial claps in the markets... it will get much worse. I would expect 1995 level housing prices would be the bottom! We'll get there maybe by 2012, more likely 2015. Housing, financials, most markets have become irrationally exuberant over the last 20 years and very complicated.

Agree with Art, 'just looking', ans #1. Best geusstimate I have heard is 20% nationwide drop in housing values, will mark bottom. Few niches, like the Hamptons, may be recessionproof. Market softened 2 years ago. Taxes will increase regardless, they got to eat. (us) Submitted by roycrops

Is your job recession proof?

Wait, no reason to gamble

bubble just burst

prices will adjust down for several years

be patient

save your money

get a good deal in 2010

Prices are down 12-15% from their highs. I don't know where the price bottom is but remember, prices in the Sanctuary have never been crazy like CA andFL. A 4bd 2.1ba home can be had in the lower to mid $400s and you get Lake Bluff's award winning schools.