Lindi,
Two quicks points. As we move toward short sales, the sellers become the lender not the “homeowner”. The lenders have the assets to ride this out for now, so the sellers aren’t as different as the homeowners of old with equity cushions.
Also, the buyers are not all like you. Many buyers are saying, prices have dropped to a level I feel comfortable with, the crash in prices has been overhyped, the economy looks good and I believe things are going to be OK. If they were all like you we wouldnt be seeing the healthy sales volume we are. Right or wrong, this is what is happening.
