[quote=SD Realtor]Now I do believe we will see a much more uneven depreciation cycle. Not only is it defined by serious fragmention based on housing type and zip codes, but now I feel as if we will see a much more schizophrenic behavior with bouts of cyclical rallies that result in subsidies more then market strength. [/quote]
That’s seems to be playing out in Rich’s graphs, and I think it is happening now.