What Will Turn the Real Estate Market Around?

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People often ask me how long will real estate prices go down?

When will the real estate market turn around?

House prices will go higher than before, right?

I don't know. I have opinions on it which would be too long winded to share here.

I ask you, what event do you see occurring that will reverse the trend of dropping real estate prices? What do you see happening in the next 18 months that will motivate people to return to feverish buying of real estate?

Now I am not in the ‘doom and gloom’ camp that many are. I am simply asking you the question that I ask myself each day when I contemplate if the market has bottomed yet.

I think what we are going through is healthy, painful but very healthy for the economy and our long term financial well being. The lessons learned here will protect our children and generations to come.

That is until the lessons become so old they are forgotten, much like the lessons of the Great Depression were forgotten and here we sit in this mess.