[quote=sdrealtor]Only problem with your perfect storm hypothesis is that if nothing else we have learned there is no perfect storm in this market. There are way too many forces acting upon it for it to all converge perfectly. Plan on more extending and pretending.[/quote]
Sort of agree here. I understand the original poster’s point. There are definitely elements there for a perfect storm, and if they all lined up while all mitigating circumstances abated simultaneously, we’d have that storm, but the chances seem low.
2011, though, seems to me to be about the time for the next string of badness. Maybe post-Summer of this year. My crystal ball isn’t clear on that.
Yes, the gov. efforts seem to have an effect propping up the housing market – not to say they are being effective, though. Housing prices need to come down for the economy to heal.
“Forecloures: they aren’t the problem. They are the solution.” Congrats on spending alot of money doing the wrong thing well.
