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We are bumping along a bottom. But it is really amazing that bumping along a bottom is all that\'s happened, given the one-two punch that was doled out to us. I am talking, of course, about the bursting of the housing bubble, and the resulting credit crisis from the securitization of the housing market -- packaging mortgages so they could be re-sold to investors.

But I don\'t think the housing market has bottomed. Housing prices have farther to fall. For example, South Florida can go down another 10% to 15%, as can Las Vegas, Arizona and the whole state of California.