Good grief

[jinasphinx]

Housing Index Is Expected to Show a New Low in Prices (NY Times):

Susan Lindsey, a San Diego software programmer, was once eagerly waiting for the housing market to crash. She said she would have no guilt about swooping in on some foreclosed owner who had bought a place he could not afford.

With prices now down by a third, however, she is content to stay in her $2,500-a-month rented house. She prefers to invest in gold, which she has been buying since 2003.

I can't tell from this article whether her thinking is that she's going to wait for housing prices to fall farther, or just that she lost her nerve. The way it reads, she's switched from a buy-low plan to buying high (gold is now over $1500/oz).