Have to admit I did buy a couple shares of NFLX AH. It doesn’t seem to be dropping further from the price at which I bought, and I’m counting on lemmings seeing a “bargain” and bidding it up. KNOCK ON WOOD!
Shoveler – the good thing (as a prospective buyer of RE) that even if rates drop below 3.5%, the average Joe’s confidence will be eroded. Making them less likely to want to buy property (especially if their investments are looking poor) and making them more likely to want to sell. Short if necessary.
I’m not betting on prices dropping to 2011 levels, but something in between then and now would be nice.
