[quote=SK in CV]As to market sanity. Do you think it’s an insane market now? I think it’s pretty sane.[/quote]Granted, it’s not as insane today as in 2003-2006, but we are not in a sane housing market yet. And it’s not just prices or volume, what I find pretty insane now is the fact that there’s really no free market. It’s all on gov’t life support!

Take out Freddie, Fannie, and the FHA, and prices would really drop to reality! Painful? Yes, but I’d rather live in a painful reality than in a fantasy world that I know is unsustainable. Gov’t intervention, and now the courts meddling, are simply prolonging the fantasy, meaning, the pain will be even worse when the chickens come home to roost.