I've seen the media reports go from a housing upturn from 2008 to 2009. Ivy Zelman, award winning housing analyst, who corrected predicted the current housing slump, says prices may keep dropping through 2010 or 2011!
With less sales, and getting even less, and dropping prices, how have you modified your business plan? Have you been subsidizing lower income by taking from your reserves, savings, IRA or putting expenses on your credit card, expecting a turnaround soon? What if it doesn't turn around until 2010 or 2011? By then you'll be past Plan A and Plan B - what is your Plan C?