http://blog.redfin.com/losangeles/2008/07/property_sharks_q2_foreclosure_report_part_2.html Redfin Los Angeles Sweet Digs Mon, 23 Nov 2009 21:08:58 -0800 http://wordpress.org/?v=2.8.1 hourly 1 http://blog.redfin.com/losangeles/2008/07/property_sharks_q2_foreclosure_report_part_2.html/comment-page-1#comment-14159 Anon Tue, 08 Jul 2008 19:54:43 +0000 http://blog.redfin.com/losangeles/2008/07/property_sharks_q2_foreclosure_report_part_2.html#comment-14159 I disagree. I'm renting now (used to own a home for 11 years). House prices have a long way (down) to go. We'll be near the bottom when we reach 2001ish price levels. We seem to be approaching 2003-2004 prices now. I'm betting this year and next will not be any better. 2010 will be the time to think about buying. BTW, this will not be a "V" or even "U" shaped recovery. Prices won't "recover" or get back to 2006 levels for much more than a decade. I disagree. I’m renting now (used to own a home for 11 years). House prices have a long way (down) to go. We’ll be near the bottom when we reach 2001ish price levels. We seem to be approaching 2003-2004 prices now. I’m betting this year and next will not be any better. 2010 will be the time to think about buying. BTW, this will not be a “V” or even “U” shaped recovery. Prices won’t “recover” or get back to 2006 levels for much more than a decade.

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