sdude, you have such a charming way with words. If you are tired of me, why do you read my posts? I find it interesting that you read someone of whom you tire, or perhaps it is so tiring, you read my posts to help you fall asleep. Of course, then you post a reply that gets your brain going again, negating the sleepy effect. Now I am truly baffled.
Anyway, the discussion was about investors, not people who cashed out and are waiting to buy. How many people have $100K laying around for the purpose of buying rental properties? I know of nobody with such intentions, but perhaps you do. Of those people, who would buy a depreciating asset?
Institutional investors buy apartment buildings, REITS, not single family homes.
The thousands of people waiting for the market to fall? Are you referring to the few who cashed out, waiting for a bottom, or those who are priced out and cannot buy anything over $150K?
The data from CR’s site is about the median price. this is the first year the median price is negative. So this is just beginning.
Have you read Dr. Roubini? He will shatter all your Delusional Dreams, sdude.
This post has some new ideas, but you will have to wake up from your tired state to find them all.
