hilarious.
i agree. there’s too much mutual confirmation regarding negative data. now that it’s public truth and hysteria is developing rather quickly, shouldn’t the contrarian viewpoint move further along ? joe and jane know the market is tumbling. it’s like an old slapstick skit. the crowd rushes in chasing someone. but he’s already outside. ten seconds later they rush out chasing him. but they never catch him…
what if the sales glut ensures only the bottom end of the market tanks? since the bottom end here is 700k, those will soon revert to mean. but will the middle home segment be as drastically affected ? idle theorizing, so please don’t be offended if this is sounding too naive. the people in middle segment homes are mostly second-time buyers and have put in ‘real money’ so wouldn’t they be more insulated to this drop? also wouldn’t they tend to hold on as long as possible and keep the value relatively higher…?
WW warren buffet do? i think he bet against the dollar…oops never mind
