Is this about the time when EVERY American was to get a house, NO MATTER how they got the loan??? IMHO That's prolly a good place to get back to real valuations. Being a builder, that does not bode well with me HAAAAAA
But it really doesn't matter anymore, Building at that pace is long gone......And IMHO never return......
http://feedproxy.google.com/~r/zerohedge/feed/~3/e4X6ySnuOsk/average-new-house-price-drops-lowest-2003

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.