I agree with these sentiments. I havent been so much amazed by the stickiness, as people that are stuck will try to stay as long as they can. What is still fairly strange is the disparity amongst homes in this area, going for the same price. during the upswing this disparity was less important because one could get a >100% financing, but now the crap should really be falling.
Interestingly, the price for renting in this area has increased significantly over the last year, although the properties have of late seemed to be flips that are being rented out, that could keep the stickiness quotient up.
When a 3/2 with R/V parking, 2 car garage, and >6k lot, with some upgrades can be found on a canyon for 400K , I can leave my rental, yeah!!!!!
