Guys what sdr has written is pretty much true. I have posted a lot less lately because I have also been swamped. Really though there has always been an undercurrent of hostility towards those who have made purchases in the past year.
As some of us have always maintained, for one person to speculate on what “expensive” is to them verses others is pretty laughable. I can honestly say that many buyers now not only put more money down then ever before but acknowledge the potential for future depreciation. The other common misconception is that lifestyle is a meaningless factor when in reality is is very meaningful for some people.
I caanot argue that the raw numbers dictate that prices should decline if the inventory was allowed to hit the markets or if the govt didn’t manipulate the markets in favor of the lenders…for those that wanna wait, no problem wait. However if you spend all day trying to figure out where all all these people coming from and how can they afford things, just let it go man.
