[quote=SD Realtor]DJC there is not anything we can do. The post was simply meant to be informative. At the beginning of this thing I was trying to project market bottom based on a unregulated or lightly regulated fall. As federal efforts began to grow it became clear long ago that this cycle would be challenging to predict.
If there is anyone here (Rich included) who foresaw the sheer size of the intervention we are seeing and will continue to see then good for them. While a few like myself starting posting these sorts of warnings, I doubt any of us, me for sure could envision something of this magnitude.
To turn a blind eye to it and say it will not affect the cycle is naive at best. To me this is simply going to help nudge us towards a Japan style real estate market that will be quite drawn out and long.
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the odd thing is that they are steering this boat towards that after seeing Japan have those troubles.
perhaps it’s the best scenario they can hope for compared to an epic bust
