Analyst you wrote alot of what we already know and have posted.
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Some of the “we” demonstrate they are following closely and understand. Others continue to demonstrate otherwise. My involvement in the current stream started with a specific response to a poster who seemed disbelieving that lenders would hold back from the market.
[quote=SD Realtor] Of course all bets are off, until the govt returns to fiscal discipline and no it is not an indefinite shell game. Come on though, do you honestly see our govt doing that on its own?
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I don’t believe that I have predicted the degree to which the federal government will or will not adopt monetary and fiscal discipline. If it does, it will be due to pressure arising from outside the housing market.
The reason I read and participate here is to aid in my own decision-making. I have lived in San Diego for 40 years, have reached a plausible retirement age, and own San Diego property without debt.
To make the choice whether to hold or sell, I have to predict the market. To do that, I have to understand as much as possible what feeds both the supply and demand side. I think I have achieved the level of understanding that is possible.
My conclusion is that without the government intervention, the market would move enough lower that I should sell and come back later.
Since I have not yet sold, it is clear that I have not yet concluded that the government will be forced to back off significantly.
