[quote=SD Realtor]
As to optimism about the future I am not sure I would assume that. I would simply say that people have found a home they want to buy rather then rent. In fact most all of the buyers (at least those who I have been working with) feel that the economy is going to continue to sputter and unemployment will grow and that the housing market will continue to depreciate. They have the resources to outlast it, and they have made the choice to buy. Trying to figure out why people are buying is close to an exercise in futility.
[/quote]

I think P.T. Barnum was correct when he said something like you won’t go broke underestimating the intelligence of the American public.

With unemployment in CA at 11% and possibly rising higher, how can it possibly be rational to buy or even worse bid against others?