Answer to Poway:
What I meant was I hear (read) the “sideliners” mantra bandied about much in the same way you hear things like “it’s different this time…..spring bounce…it’s a buyer’s/seller’s market….etc.” It’s just some abstract comment that is tossed into conversation the same way someone would toss in “it’s the law of supply of demand”.
I concur with Beebo about 1st time buyers/renters and new transplants representing a miniority of homebuyers.
I was thinking along these lines regarding this potential myth:
Rich has done a thorough job of debunking widely held myths supporting the housing market (no more buildable land, strong economy, etc.) that it allows me to fire back at the housing parrots.
Therefore, is the “sideliners waiting to buy” notion a myth and if so, how does one debunk it? But it sounds like Rich already did by referring to this concept as the dead cat bounce.
I hate cats! 😉
When I say “Dead cat bounce” out loud it makes me laugh.
