My standpoint is the absolute and complete and totally bizaro world that thinks we may have been near a bottom last spring or this spring when REOs right NOW today, are at GD1 proportions and EVERYONE should know its getting worse by the minute. You can’t hide from this news.
Do I need prices to drop? Like maybe I could qualify if prices fall some more but not at today’s prices? Absolutley not.
My motivation is that I just can’t get my mind around such denial of absolute, in-your-face facts and figures screaming “trouble ahead”, WARNING, WARNING and people are cheerleading RE bottoms.
Maybe its some morbid fancination with having people try to explain the absurd?
