[quote=SD Realtor]I think one of the things about piggs is that some of them overthink the situation. They go beyond the charts and dig up underlying causes for the chart movements, especially on the way down. Then when the charts change, even though some of the underlying causes may have remained in place, some of them did not waiver. Most of them did. Even Rich himself justified his purchase based on what the charts displayed rather then go well beyond those charts. Indeed the vast majority of the old schoolers who used to populate the forum here are long gone as they purchased based on that same data. The only regret I hear from many of them is that they didn’t buy more.
While things are moving fast now, it wasn’t like that. We came out of it in 09 slowly, ramped up, then dipped….. then came out of it slowly again. I don’t believe we have seen a surge in demand, (from the quantity of buyers) just a lack of supply that makes those buyer act in a more frenzied manner. Seems to me this started to happen around summer last year and started to pick up steam over the winter.[/quote]
I’ve been on this site since well before it had a yellow background. And I bought a lot of properties at a good time. So the charts have done well by me. I’m into the charts. I love the charts. But sometimes you have no choice but to go beyond the charts. The charts aren’t telling us why there’s a lack of inventory. Seems to me that’s a pretty important factor. I’m trying to figure out what’s going to happen next, and without a chart to tell me why there’s such a lack of inventory, I don’t see what to do but go beyond the charts and try to make an educated guess.
I’d be interested to hear other theories that might explain the lack of inventory.
