[quote=PadreBrian]I think there has been a few of us here that said starter home and the commuting burbs will bottom first. Period. So no news there.
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This Mr. Mortgage guy is about 2 years behind the curve. As pabloesqobar and sdr also pointed out, we’ve been discussing this for a long time now. It’s to the point where I consider it obvious. But Mr Mortgage comes out with his theory in May 2009 based on detailed analysis of mortgage and default information. He is behind the curve on this one.
Nothing to see here unless you need confirmation.,
Personally, rather than a double bottom, I think I’d rather prefer to see a nice wide bottom in which the two distinct markets carve out nearly identical forms, side-by-side, ultimately forming what jointly would be the perfect bottom.
kinda like this …
[img_assist|nid=8575|title=Hopefully this is what the bottom looks like|desc=|link=node|align=left|width=88|height=124]
