[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]
It will move it a little, but only a little. As others point out, there aren’t that many buyers who can do full doc, 20% down and 6 months reserves. And many of those that can, (myself included) are still gonna sit on the fence and wait for prices to come down.
But the bad news is there will be a small number that do now buy, and they will just give other sellers false hope, and so will drag this whole thing out longer. But that is exactly what the government wants, to drag things out rather than to get the markets to where they should be.
