“Just don’t try to predict that the market will follow a certain direction because of your own thoughts of other peoples financial assets.”
This was for the most part in response to this post by you earlier in this thread,
“Red herring alert. You still have to have a fat down payment for conforming loans. Fat is defined as 20%. I can barely scrape together 20% on 400k. Raising loan limits isn’t going to change that.”
So let me try again, the market doesn’t care what you personally have or don’t have. Your asset class is of no consequence to this market and neither is mine or sdrealtors or anyone elses.
Mine is not an argument about the market going down in desireable areas… it is, it has, and it will continue to do so. However making implications that you know very few people have 20% to put down is what I have an issue with. Honestly I think many more do then many people here care to admit or acknowledge. I am not saying that will bolster the market in any way or provide support level for various submarkets.
I try to simply keep my analysis of the direction of the market based on simple metrics that are factual (such as sales volume which you referred to in your later post and was a great argument) rather then making statements like the one you made that I referred to above in your earlier post.
