Interesting – almost a complete reversal of what is happening today.
– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equity
