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[Gene GeRue <genegerue AT ruralize.com>]

> A good time to stay away from RE purchases unless we
> luck into a bargain or into the ideal place for us.

If that platitude becomes the next mantra of exposure-seeking 
economists, then buyers will hold back and then, when prices start 
rising strongly again, will panic that they might be waiting too long 
and will either make foolish purchases or become too afraid to do 
anything but continue to rent. Which will make investors very happy.

During my many years in real estate I was most disappointed with how 
buyers knee-jerk to emotional factors rather than do their due 
diligence and make decisions based on facts. Master bedrooms sell a 
lot of homes.