You both make valid points.
iamthestate, like your practical approach.
menotyou, love the outside-of-the-box thinking.
menotyou, to summarise you’re suggesting to leverage property cycles to time purchases and applying the percentage drop in the most recent phase of the cycle to compare areas one to another. One question I have is – how do you know that the price drop will not continue? In other words how do you you know that a market is truly at the bottom?