Drastic situations call for drastic measures. In times like these I would tend to trust anecdotal information and what I am seeing for myself as more indicative of reality than numbers comming from institutions. For example, inflation from the govt is way too low as is unemployment figures. NAR is always spinning the numbers to make things look better. When many people start telling me that they’re seeing empty houses sit for months or that they know people that have not paid mortgages for months, etc…. I tend to think there’s more “truth” on the street than in published “data” from insitutions.
