[quote=CA renter][quote=davelj]On the subject of “giving in” and buying a home the Piggs may receive similar news from another long-standing Pigg bear very soon… but I don’t want to spoil the surprise, betray confidences, or jinx the transaction. Let the speculating begin!
P.S. Congrats evolusd and sdrealtor.[/quote]
Are there any bubble-sitters left at this point?
It seems like about 95% of the Piggs have bought already. Does that mean that the bubble is over and done with, or is it a sign of bear capitulation? ;)[/quote]
Yes, a lot of Piggs have bought and there aren’t a lot of bubble-sitters left. 95%? No idea.
The bubble is definitely over and done with… but that’s not your question. I think your question is whether there’s going to be an over-correction to the downside and I have no idea about that. If interest rates remain low, I doubt it. Right now the typical house is “reasonably priced” – whether things go meaningfully lower from here… who knows…
