Oh come off it already…who are you kidding? You are truly deserving of the scorn and derision you’ve received here for truly ignorant remarks.
Rationally bidding up home prices? Really? Tell that to those in Murietta and Temecula who were defrauded to the tune of over 1B.
Credit contraction is happening as we speak (a little event called subprime implosion…maybe you haven’t heard). Check out the following tickers: NFI, NEW, LEND. Now tell me that people were rationally bidding up home prices. NO THEY WERE NOT JACKASS!!! They were doing so with exotic lending and in a lot of cases outright fraud.
Inflation will save the day…yeah right. My salary will double overnight and Bernanke will giftwrap a wad $1,000 bills for me personally. Ain’t going to happen.
Get over it douchebag, the party is over. People in SD have to start getting real jobs again as opposed to living off their overpriced stucco boxes.
Bitter renter you say…well maybe two years ago, but not now.
I have cash and I have time desperate seller, what do you have besides a mountain of debt and a stucco box?
