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Why Is This Bubble Different From All Other Bubbles?

http://jessescrossroadsca…t-from-all.html

Mostly interested in the latest Case-Shiller chart with the nice dotted line reversion to the mean. Based on the intersection point on the index, we can’t expect to hit a bottom on house prices until 2012, and then we would likely expect to overshoot a bit to the downside.

Takeaways include: expect house prices to fall further on a nominal basis, an inflation-adjusted basis, or both (likely both). This is information I’d almost rather not have as even if we don’t find a house in the next couple of months and relegate to renting for another year or so, we’re only marginally better off a year from now in the overall correction.

What can you do?

Here is the full-size.