[quote=deadzone]Doesn’t change my point. Sure Piggs are the minority, they were one of the few groups who didn’t purchase during the housing bubble while virtually everybody else did.
Now that Piggs are out of the market, who is left? Doesn’t change the fact that to me this is a contrarian indicator that confirms more than ever that home prices are about to take another crap.[/quote]
Who’s left? How about investors? But if you think there’s no more money left on the sideline, then the investors variable wouldn’t apply. How about new house hold being created everyday? How about new residents who are moving here?
