Facts can be a troubling

[schizo2buyORnot]

Facts can be a troubling thing . . . especially when the facts are on the other side of your argument.

And I quote from Rich Toscano

“August resale inventory was actually down almost 4 percent from a year prior.”

Here’s the link to his article . . . .

http://www.voiceofsandiego.org/articles/2007/09/13/toscano/880augsupply091207.txt

He is making exactly the only point I have made here. Inventories have stablized, or in Rich’s assessment declined 4% yoy. I have always granted its just one factor in a mix of factors which indicate more downside from here taken in total. However, leveling inventories bears watching nonetheless. Nothing “imaginary” or “inane” here just facts cited by the Toscano himself which mirror exactly what I have posited.

Props to FormerSanDiegan for getting my point . . . .

“Actually schizo is correct that inventory has been flat for a couple of months.”

I guess its just not in line with the whole “rah rah rah . . . housing is going to crash and we are going to buy at the bottom” mentality/group think crowd’s hopes and dreams. It is in line with those who take a dispassionate and objective analysis of what will be perhaps the most important financial decision we will ever make.

Still impatiently renting . . . .

In search of a crystal ball . . . .