DHTH,
Thanks for the insight. I’ll watch you posts with a new sense of interest going forward. I know full well that the speculators have left the building and that is a big part of the equation. But so have alot of the opportunistic sellers who took the money and ran which is also a big part of the equation.
I beleive we are going to be left with a smaller market as measured by number of sales) and that the market will increasingly be dominated by distress sales. What I dont know is how many there will be and how motivated the real stakeholders (the bagholders of the toxic loans) will be. I am under no illusions that prices wont fall to some degree. Watching this thing unfold from the street level on a daily basis I just am nowhere near as pessimistic as most others. Either way, I really have very little at stake in this as I could write a check for the balance on my mortgage today, have a few very good income sources and plenty of assets beyond that to carry me through my lifetime. My house is where my family lives, nothing more and I just dont envision any scenarios where I would ever sell it. Hopefully, one of my children will enjoy raising their family in it as much as I am.
