I probably shouldn’t even waste my time replying to your sophomoric drivel but since I have a spare moment.
“Your assumption that the phantom inventory doesn’t exist is not fact based.” OK . . . so show me the “facts” that it does exist. Facts that is . . . .
“You want to measure demand take a look at the drop in mortgage applications.” I would welcome factual data that current mortgage applications are down or up YOY. Please post such “facts” if you have them or if they exist.
“When you make the same claim every month while prices continue to drop . . . You’re also ignoring how much prices have dropped.” Duh . . . prices have dropped. I have never said we are at a botton. Merely one of the several factors required to make a bottom, which was previously not in place, is now beginning to occur . . . declining inventory. Other factors are not present thus . . . no bottom yet. So exactly how is a past price drop relevant to a potential buyer trying to assess the current direction of the market????
“why don’t put your money where your typing is and jump in a buy if you’re so convinced inventory is past its peak?” This is where you really sound like a sophomoric A$$. “Yeah . . . come on . . . I call ya out . . . I dare ya.” This may have impressed your friends in elementary school but most here are looking for a little more in the form of enlightening analysis/facts.
