How To Know When Housing Has Bottomed Out

[jeffrey]

The shills and cheerleaders are already calling the "bottom" in housing prices. It's worth recalling that these are the same Nostradamuses who declared the last "bottom" in 1991, 1992, 1993, 1994, 1995 and 1996--and voila, they were finally right seven years into the slide (1997).

Want to know when the "bottom" is finally in? The "bottom" will be close when buying real estate make sense as a sound business proposition. This kind of foreclosed/distressed property is not even close to being a decent business proposition...

charles hugh smith-Want to Know When Housing Has Bottomed? Here's How