I agree with you Bugs. We all have a hidden (or open Agenda) in expressing a particular opinion. If Realtors are doing it for their gains people can also claim that we are trying to propose the possibility of a burst so that we can get cheaper homes sooner. Any idea when accepted by a critical mass will be difficult to roll back from the masses and thats what all of us try to do. Blogs like this provide platform for more people to express their IDEAS and the stress should be on the content alone.

Why don’t we look at all this objectively? We can actually view this as another leading indicator. According to my understanding volumes lead prices. After some extended time of low volumes prices start going down. When the prices are falling volumes will be pretty high. Then there will be an extended period of low volumes and low inventory before prices start going up and during the runup to peak price there will be high volumes again. Realtors make money on the volumes. We have already seen the high volume, high price stage. It is actually in their best interest that prices start coming down to increase the volume and their income. I’m sure at some point of time NAR will start drumming the need for sellers to reduce prices so as to increase the turnover and business for their members (to stay true to their motto). This can actually help hasten the fall. At the end of the day we all do things for our personal gains. This is the idea behind the great capitalist society of ours and our founding fathers knew well to harness this tendency of the human mind to build this great nation. We just have to tune ourselves to harness the same tendency of others for our good. We won’t achieve anything by being or getting personal about it.