You know. I want to say i think part of the reason why there is an appetite locally for homes is the stock market is (was) doing pretty peachy for some of the local companies. What will be interesting in the next two months, if we see things tank, I’m sort of thinking it would shake out *some* of the buyers… But then again, the irony is that if it tanks a lot, it might end up shaking out a lot more buyers, including me.

So we have the “frenzy” paradox. We’re no better off than most everyone else (although some of us like to think we are).

It reminds of folks trying to buy real estate in Manhanttan. When WS bonuses are great, everyone’s buying. When WS bonuses suck donkey butt, no one’s buying… Funny how it works.