The last thing is “who would be crazy enough to buy in this market when home prices are going to continue to fall”. Well, simple. Some people don’t purchase primary homes with economic rationalization….motivations might be symbolic, stability, symbolic or just plain making sure you can get laid at night..sorry to be crude)..
All i can say, is it will definitely get interesting to see how things pan out.[/quote]
The last thing is …if prices in the mid to highs don’t come down to sensible levels, don’t buy! With all the clever talk, graphs, statistics in the world who wants to pay a small fortune to live in an average home. The debate should be; how come someone smart enough to make enough money to (nearly) pay for these homes, isn’t smart enough to realize (s)he’s being stung?
