You are like one of those media outlets pulling sound bites and clearly no understanding of economics. There are many variables out there and each have their impact. Limited supply acts to create stability and/or upward pressure on prices. Other variables such as distress properties, valuations in excess of fundamentals, credit contraction etc have the opposite effect. Both forces are present and there is absolutely no contradcition in pointing out the various forces at work. I look at both sides and you only look at one. That is your failing. I measure each against the other and you cry the sky is falling look at all the bad news.

Please explain to me where your brilliant perspective was gleaned from. Do you have any real education, skill or experience to draw from?