[quote=briansd1]A bottom is NOT a time when buyers bid against each other.[/quote]
You know, thats the best statement I’ve read yet. And its a very important point that the Feds don’t understand…at least with respect to the Southern California market. While some areas of the country, ie, Arizona, Michigan, South Florida, probably could use government assistance to get property moving, here in Southern California there wasn’t a need for such assistance. As I’ve stated in another thread, even when supply far outpaced demand in TV, the good properties sold, often times only days after being listed. The reason ? Prices are once again reasonable.
