JWM, Hmm. Sounds like you are feeling the heat. Why are you being confrontational? We are just here to share our thoughts.
We’ve all seen theories (like the primer) and the stuff you mention. They are a piece of the puzzle but not the whole story. The economy is too large and complex to be modeled with foreclosure graphs and charts. That’s why we have economists, although I’m sure that you’ll say they are quacks.
I would love to get an opportunity to buy a charming La Jolla/Del Mar home with an ocean view but cheap enough for me to rent it out and still break even. Do you really think that will happen? I’m sure you’ll jump in and buy it before that happens.
