LA R,
the activity spiek I’ve seen has been resales. I cant even say whether they are actually buying but they are out there en force at a time of year when they usually arent.
I agree that the make up of high wage earners was similar in 2000 though the trend seems to grow by the year as more boomers/mobile workers move here for lifestyle. I would bet that the number is dramatically higher now than in the early 90’s whne we werent so mobile.
I dont think either of us SDR’s is trying to say it will create a floor. What is does is spread the pain. It makes some sellers more optimistic, buys some more time, doesnt help others, increases affordability for some buyers, gives some buyers more confidence and doesnt impact others. Its all over the board but the end result is more slow bleeding.
