tg I knew it… that brothel analogy of yours had to be a late night post…i read the post but didn’t look at the timestamp…then i checked the timestamp.. if you didn’t live in temecula I would have bet you were down in south mission at the beachcomber sloshing around, only to come home late at night and post a gem like that…
anyways, my point is not that it will not happen, but that it will happen, albeit at a slower point then some people suggest and that most people want. however let us return to your analogy.
Lets say that the lines in the house of ill repute in this case are not populated by single men… in fact they are populated by couples. lets explore shall we…perhaps (I just had to delete what I typed and you can guess why) some of the males have wives who are bisexual… most of these wives will not allow a buydown as you have offered up in your example…in fact they may DEMAND that the husband stay in line for the prime cuts… furthermore maybe some of these wives only like some of the working women of certain race, or certain locations…some of them may even force the husband to upgrade! can you imagine that, thus keeping a demand for the higher end working women and propping up the market for a longer period of time….perhaps the demand will stay strong for the working women from a certain part of town?
the horror!!!
anyways back to reality… yes the market will drop in the desireable areas… yes we will be able to pick and find certain good deals in the desireable areas as well… hey there are more now then there were last year and there will be more next year then this year…I still think it will happen but not with the ferocity that some claim and that we all hope for…
lots of good deals but perhaps not lots of great properties… yet…
