thats the problem. it's not the bottom. you buy RE now, you'll still take a bath and be stuck with it for years. The time to buy RE will be in about 3-4 years when it will all be washed out. It's just like USNL but on a larger and slower scale. When it tanked from .50 to .10 people thought it was a great time to get in. "Buy low sell high" right? Wrong. It wasn't the bottom. Now those that bought at .10 are down 90% and waiting for the bounce. Same thing with RE only it will take a LOT longer to recover.
I do a bit of realestate & have to say that smart buyers who bought high before have shorted there properties & turned profit when the division tanked...so not all of us are hatin life :) Go USNL!