Good post, Perry. I think lenders are trying support the market, hoping for a rebound. When the tide turns and they realize that there will be no rebound and they start trying to unload at any cost, it is going get bad really fast. All the lenders are going to reach a tipping point sooner or later.
I just found out that a family member has recently bought a home in bubble market. They got a “good price.” They don’t realize that a “good price” relative to last year is going to a “bad price” relative to next year.
