I wonder how many on this forum believe forms of deflation will be with us for a long time. How many believe that housing will still be in the toilet in ten years?
Bankers have done such a wonderful job convincing people to voluntarily tie a 30 year debt stone around their neck. The bidding wars are fascinating; right when we have an upper hand on the banker debt machine people start giving them power again in hopes they will “win the bidding war” and somehow be able to sell that REO for a profit to someone else in the foreseeable future.
They are in for a BIG surprise.
