I think what we have now are a group of people in the industry who lurk on this site to get the word on the street. Most probably don’t even post.
The insight and paradigm shift that I have gotten from this site is interesting. At least twice a week I find myself engaged in a housing conversation with very intelligent people. Last week, one suggested that banks will forgive buyers who cannot make payments due to resetting ARMS. Another repeated the oft heard argument that San Diego is a nice place to live, and that the local economy and wage gains justify higher prices. Another said that now is the best time to buy a house, and another went so far as to say that he thinks the key is to be contrarian. In his mind, being contrarian means buying now!
