big housing sale in nyc area this past weekend on foreclosed places. it made the front page of the ny post before it happened. today's papers have stories about the people who finally could afford a house, and what great deals they got. my thoughts: if the press is reporting the "great deals",we haven't bottomed in housing. i'd feel more confident if they were reporting something like "people bought houses, but were worried they were overpaying / could get it cheaper in 6 months." and if it wasn't front page news. my question: in the 70s, when housing prices weren't so good, what was the press and sentiment like at the bottom? was it like my perspective?