pj:
Yes, I did mean 2009.
I am not in any hurry to to place any real estate bids anywhere. I still think it has further to go on the downside, perhaps considerably further on the downside. With FNM and FRE along with Bear Stearns, Lehman Brothers, Washington Mutual, AIG, Wachovia an others, it appears that there is real trouble in the financial and real estate areas.