Forbes.com placed the Tampa Bay area fourth on a list of regions with the "fastest falling home prices that have yet to hit bottom."

Forbes predicts our home prices will smack the earth - and presumably slowly start rising again - in December 2010.

Prices in Orlando, Miami and Jacksonville all have further to fall than in Tampa, the story said.

I see plenty of flaws in the Forbes piece. It lists our median home price at $151,000, when February's was something close to $130,000. On top of that, the story assumes that homes should sell for about 2 1/2 times income, or a bit under $100,000.

Color me skeptical. As a cautionary tale, Forbes.com predicted in 2007 that we'd have a "V-shaped" recovery in Tampa, meaning prices meaning prices would perform a bungee plunge but spring back up from the bottom.

We know how that worked out.