Trying to time the exact bottom is speculation.

If this is a long term, speculation play for a higher price in the future, that's fine.

what is everyone speculating today about the economy is no better than the ones who got us where we are today?

So, I'm willing to have some speculation in my purchases.Our overall decline off the peak in March 2006 has been under 8%.

LOL- Speculating & Flipping gets you RICH!

With that you might be able to use your contract to get you out of the lease earlier...I mean there are probably sanitary speculations in it?

Not a speculative recommendation, just a good safe return that is very liquid to get in and out of - simple taxes as it is not an MLP or anything (although check out AMJ if you like MLP's).

Got into a home not knowing the difference between investing and speculation.

While I do think there is plenty of blame to go around, and there are many homeowners, investors, or speculators that jumped into the bubble with eyes wide open, I mostly put the blame on the securitization process and on government policies that encouraged home ownership.Our educational system provides only the most rudimentary financial education.

@Will Tavis There's a 15% Non-Resident Speculation Tax if you're planning on buying in any of these areas in Ontario: City of BarrieCounty of BrantCity of BrantfordCounty of DufferinRegional Municipality of DurhamCity of GuelphHaldimand CountyRegional Municipality of HaltonCity of HamiltonCity of Kawartha LakesRegional Municipality of NiagaraCounty of NorthumberlandCity of OrilliaRegional Municipality of PeelCity of PeterboroughCounty of PeterboroughCounty of SimcoeCity of TorontoRegional Municipality of WaterlooCounty of Wellington, andRegional Municipality of York.