well, I think buying in this market is very obviously stupid. There is absolutely no rationale at all since as JohnAlt91941 said you can rent for 50% of the cost without any exposure to the risks associated with owning in an uncertain market. Given the immense media exposure about this downturn you have to be living under a rock to not know that the market is seriously on the downtrend, so what then motivates buyers in this market since there are still sales going on.

Surely there aren’t people this stupid. It’s just like the the idiot who pays $10k over sticker for a hot new car instead of waiting 2 months and buying it at MSRP or lower.