Late, I am with you on your opinion here “IMHO, I believe the price declines will be QUICKER and DEEPER, than most think.” I am in San Diego. Who do you think is influencng the opinion of “most people” Indeed who are most people?
Let me do a little whistle blowing…
What do you think the post “soft landing” mantra is for Realtor’s?
I think it goes like this…
“Yes there are definitley some signs out there in the market of weakness,Its going to take a REAL LONG TIME, some areas will get hit harder than others, Inflation will mitigate a high mortgage some what. Interest rates are good and probably going to go up putting houses out of reach lending is drying up. The neighborhood you want looks pretty good you should be allright. Please be my next greatest fool.”
It classic and predictable.Dress that pig up all the way down.
