[quote=sdrealtor] … the vast majority of your neighbors are just as responsible as you are.[/quote]
Probably so, but it takes a vast minority of households to go bad to affect the market. The market is priced on the margin, which means all house values fluctuate based on only those that sell.
I can’t argue that this market is currently stable, but I can’t see round 2 missing this market. A nasty stock market year could really hurt the high end, though it would take time to manifest itself.
