It looks to me like examples of houses that most piggs would buy are featured on Jim’s blog.
Granted, most pigs are not wanting to buy in Oceanside but look at the prices drops on McMansions up there. Those price drops will be marching down south in short order. I’m pretty confident of that.
Jim has a squish-down theory about how comp-killers cause prices to drop. I agree with theory but I believe that it needs to be complemented by a trickle up theory, where the ease of entry for new entrants caused prices to spike up.
So now we have both squish-down and removal of the foundation of the market. Prices are being pressured by distressed comp killers and the disappearance of the new entrants.
