Looks to me that these nice homes in Green Valley didn’t really go up much during the boom, they were already going for 2m in 2000 so they have just gone up 25% in 7 years. Intuitively that makes me think that they will probably stay around the current price instead of going down much. It’s the kind of place I could stay a long time, so why wait?
Do you think there is anything in this line of thinking?
