I had to check the date. For a moment I thought I might have slept all the way through 2008, 2009, and 2010.
But yeah, we need a continued influx of positive thinkers and happy buyers like S2B to purchase the existing inventory. After all, we still have lots more must-sell properties in our pipeline and they eventually all have to be sold off before the market can stabilize.
If everyone were to simultaneously came to a rational understanding of where we really are in the cycle the pace of sales would fall to near zero. There wouldn’t be any sales until the banks were forced to mark to market. At that point all the sellers in between would lose that paper equity all at once instead of in bits and pieces.
Nope, better for us all if the market bleeds out over a couple or more years. That’s why we need to cheer folks like S2B on. Who knows, maybe she’ll will be able to talk her relatives into participating, too.
Just remember, it’s a pie. In order for there to be winners there also have to be losers.
