Would love to buy a single family home in South FL or Central FL but am concerned with downside price risk/opportunity cost.Interest rates should be ticking up in the next 12 months, which should result in decreased demand.I try to make the case for another downturn in prices but have trouble; you have conservative and accurate mortgage underwriting and slowly recovery jobs picture with slight income growth

Unfortunately, I dont think we will see the positive results in the real estate market and among homebuyers in the near future.I remain hopeful that we are at the bottom of the recession and the we are in the process of recovery and that this bail program will create stability in the housing market which in turn will create stability in the financial market and the US economy.

Judging by what I see, hear and read in the media, the current consensus is that stocks bottomed on November 20th-21st, an economic recovery will begin in the second half of 2009, corporate bonds are a buy, stocks are cheap and the stock market is now discounting all the bad news.

Reminds me a lot of Pro Athletes and Entertainers who end up broke after seemingly having everything.

@Joe Villeneuve One thing I have always appreciated about your BP responses is that they are blunt and direct and I love it that way..That said, with boots on ground, either directly or in partnership, what area of Detroit will likely make the the fastest  recovery?.

My wife is an incredible athlete and this is how we like to spend our time.  

just wondering so as to know if all will be actually be available for investment or if some portion goes to recovery.

They need rebounding and more athletic players.

And think about it... we've been in one of the longest real estate/stock/economic recovery scenarios we've seen in a generation.

If the market tanked in 2008, it makes sense that we will see an even longer recovery and appreciation period.