In absents of a major event (Iran, Europe etc…) sdr and “SD R” are right.
The average underwater home owner in SoCal is down 90~100K, There is no way in heck there will ever be a true economic recovery when that is even close to being the case. The PTB know this.
But I get all kinds of conflicting indicators as well, the GSE betting against the home owners is just one of them (I said it before and I will say it again, for some reason the PTB want it the way it is, otherwise they would have come up with a resolution a long time ago.
If it was easier to get a mortgage, at least in the low end area’s this downturn would have been history a long time ago,
