No need to be crass LBC. I think it is very cool that two people who have bought recently have shared with the board. Just because I don’t believe what they have done was the right call doesn’t mean I would rub their noses in it.
Now to the matter at hand, the word “hope.” Its a very loaded word. Usually its associated with something that has no basis in rigorous analysis. There is very little in my outlook that is based on hope, almost none. I take comfort in the fact that what I am waiting for in an reversion to the mean, nothing more nothing less.
Easy credit may be here to stay, but its going to get expensive going forward because and this is a shocker, lenders want to be paid back.
Sales and pendings may be up these next few months, the short term I have no way of predicting.
What I hope comes out of this thread though is a discussion about the massive disparity between what is happening in the financial markets and what two realtors on this very board are reporting. Ok its happening, now lets figure out why.
