[quote=briansd1][quote=AN] Any idea when we’ll see that tsunami? I know a few who could use some good news.[/quote]
There would have been a tsunami had the government not interfered.
The slow continual trickle will achieve the same thing. The pain is just spread out over a longer time and over several generations.
The real estate market will not return to normal until it’s comprised of organic supply and demand.[/quote]
It might be the same thing for the people who are underwater and being foreclosed on. But it’s defintely not the same for buyers. A tsunami would have caused the who market to go into extreme undervalue teritory. We are far from that with this shenanigans.
Btw, we probably wouldn’t have a massive bubble if the government didn’t interfere either, but they did. So, we should have seen the intervention coming a mile away.
