sdrealtor said, “All the points you make relate to the sellers distress rather than the buyer’s willingness to buy. I am looking at things from the buyer’s side which your comments ignored.” WRONG, FONG! Read my post – the whole thing was about a buyer; they won’t buy depreciating asset.

biggest drops 2007 – 2008 as ARMs reset, inventory doubles, buyer fear sets in; all those looky loos at Open House will be sitting at home next year; sales will keep dropping;; fear in reverse; tighter credit; months inventory puts more downward pressure, as does REOs;

how can you get a feeling about the future? one cannot “feel the future”, it’s Delusional Dreams.