Au contraire. I think these people will continue to trickle in. Remember, the bulls are fond of saying that we’re almost through this downturn and next year it will start racking up 3% – 4% per year. With each tick of donwward adjustment there will continue to be some would-be buyers who come to the conclusion “THIS IS IT, I have to jump in now while I can before it shoots up again.”

The REIC is depending on these people to slow the pace of decline.

You just know ol’ Scruffydog is waiting to utter the I-told-you-so that’s dangling at the tip of his tongue.