[Geewiz]

To make your life worse...let me add this take...signs are that real estate is rebounding.

Currently, the only downward pressure on prices in TV is the fact that folks are having a hard time selling their pre-retirement homes. The demographics of boomer retirement is the opposite pressure. Once boomers can sell their homes easily...the safety valve is off and demand for homes in TV will go way up. As demand increases so will price.

Also, QE3 (the fed throwing money into mortgage backed bonds) has already begun pushing down mortgage rates...this could actually work. Rising consumer confidence...lower interest rates...higher rental rates (it's cheaper to buy than rent in Chicago and probably many other cities), plus suppressed demand (folks have been waiting for real estate to bottom and I think the bottom is past) will push prices up.

Of course, there is a bunch of things that could reverse this course...the biggest being the fiscal mess that Washington will need to address after the election (the sequester and the whole question of whether to continue, modify or end the Bush tax cuts which expire this year). Also, there is this little problem of a new war in the Mideast plus the whole European fiscal issue.

But - should governments and politicians act in even a semi-responsible way...the real estate problem may be over (and remember that was the catalyst for the recession).

Me - I'm betting on TV...I think now is the time to buy.

Of course, I've been wrong before. A 30 year marriage to Voldemert attests to that.

Trust you instincts and remember --- if you won't sit at the table you can't win the poker game.

Cheers!