DWCAP: Yeah, I see that, too. I think to a certain extent, people do not, under any circumstances, want to accept how truly bad things are right now. Moreover, I think they also want to ignore the signs that indicate things might get far, far worse.
It is definitely a state of denial, and you even see it in some of the postings here on Piggington’s.
But, you can’t convince people of what they don’t wish to believe, so if someone is falling for some Pollyanna Realtor’s view of the world, so be it. It’s their money to lose.