So that just disproves David Leerah’s thesis that we have reached the bottom. There will always be people wanting to buy until we have reached the bottom. Then nobody will want to buy, and that’s why prices will be low. NOBODY will want to buy, because there will be all kinds of horror stories and all kinds of fears, interest rates might be high, people will think prices will go lower, and nobody will be in the mood for buying. Except me, I will be buying. I won’t be in the mood either, I guarantee you that. I am not in the mood of buying anything now either. But I will hold my nose and buy, because one has to put one’s money somewhere, and if it happens that mortgage/rent is 0.9, I will buy, knowing that it is probably a good deal.
