I agree with what you are saying, and it’s mostly in line with my viewpoint to begin with. I’m not sure where this idea that I think housing or job markets are going to improve is coming from. I don’t believe I’ve ever made that claim.
My original stance was that in areas that are in high demand, there is strong job concentration, etc rents will hold the strongest, and there will be demand.
Whether it’s knife catchers, people with too much money, people who saved up a lot and just want the house, or whatever – I think the nicer areas will be bought up as prices *FALL* (repeating it so there is no confusion here) and the #s pencil out.
The perception by some of the posters is that there is no demand, no saved up money, and everyone will want to rent for the next 10+ years. Sans a complete meltdown, I disagree.
