Barron's - "Ready to Rebound "

If the market bottoms out early next year, as Barron's expects, any recovery is liable to be somewhat tepid for a while. Buyer psychology has been shredded by the housing bust: The notion of housing as investment, rather than shelter and a wasting capital good, has been destroyed. Meanwhile, lots of sellers, anxious to downsize or liquidate, remain in the wings, ready to pile into the market at the first sign of a rebound.

yea, ready to rebound..right

"The notion of housing as investment, rather than shelter and a wasting capital good, has been destroyed. "

That's what people thought in the mid 1990's and we all know what happened to real estate over the next 10 years. People have short memories, look at the stock market, went down to 6k in 2009 and 3 years later it's more than doubled, that's how quickly the mood can change.

NYC RE WILL DOUBLE IN 3 years OMFG.... i better start signing those helocs ....

EASY STREET HERE I COME!!!!!!!!