Have no idea what you are talking about Brian. Deep pockets for sellers or deep pockets for buyers really has no bearing on the topic.
The topic at hand is that even though there may or may not be foreclosures, I see no affects on pricing in the areas most median and slightly above median income people look for houses in. The only thing that I maintain will affect pricing in these areas will be interest rates. Furthermore the demand for the decent home in a decent school district blows away supply. As long as there is a strong engineering presence that is the way it will be and remain that way. We saw some nice declines in those areas but they have already popped up quite a bit. Finally even those with “deep pockets” will either manage to hang on alot longer then you hope for them to, OR they will be bailed out like everyone else.
Get used to it.
Regardless of whether it was me or sdr I have not ever seen anyone here post that high end homes will not continue to depreciate.
Show me a post where I have ever said anything contrary to that.
