cyphire
All in all a very good economic analysis. However, individuals buy and sell RE for many reasons not just economic ones. The data is all out there and has been for quite some time. I try my best to present it to clients. Most roll their eyes and make decisions based upon what they want and can afford without considering how much they will make on their home. They are more concerned with living the life they have earned and choose to live. While you are sitting on the sidelines, those that can afford it and want to buy a home will continue to do so. Nothing you can say or do will make it otherwise. the choices they make effect the market and the price you will ultimately have to pay or not pay for that matter.
I know there are plenty of dreamers out there living well beyond their means but I choose not to work with them. I counsel them to place their feet firmly on the ground and not make a decision which could ruin their life. Some listen…some dont and find someone else willing to do the dirty work. It’s just not my bag.
