Arraya
I’m not trying to find fault but rather understand others thinking that differs from mine. I also dont see the data quite as clearly as you do. Specifically I do not see a dwindling pool of able and willing buyers, I see the opposite. Granted it is in my little corner of the world just like what you see is in yours. In other parts of the country which are far more populous (i.e. the east coast) neither of us really understands what is going on. I see the gov’t intereventions working as intended and have no reason to beleive they will stop doing anything and everything possible to continue.
As for the next leg down in Fall call thats about as solid as getting dark after sundown call. The markets always trend down that time of year and this year should be no different. I also see another Spring rally brewing as I see lots of unmet demand but very little quality supply coming.
I dont beleive there is anything close to over 50% of all mortgages are distressed or upside in my area.
Lastly, if you beleive hyper-inflation is coming why would you advocate staying liquid? Taking on debt that will get devalued and hard assets that will inflate would be the way to go.
