[quote=patientrenter]
Nor-LA-SD-guy, housing markets are cyclical. There are always things pulling prices up, and other things pulling prices down. When the things pulling prices up are in the ascendancy, we get upswings. When things that pull prices down are in the ascendancy, we get downswings.
Are you saying that:
a. the housing market is not cyclical?
or
b. foreclosures are not a normal part of downswings?[/quote]
Hmmm,
OK But I myself do not think what is happening is a normal or real market anymore than what was going on in 2005 – 2006 was a normal market.
Using your logic then what homes were selling for in 2005 was a normal market as well (be it fueled by insane lending or no).
So this downturn being fueled be massive foreclosures and lack of loans would be normal as well.
OK I can live with that, but you would not get me to sell into this market without a gun pointed to my head I guess is what I am trying to say.
