That forum discussion is interesting. It reminds me of a realtor friend who is convinced prices can’t go down. Or of republicans who are convinced that they’re righteous tough guys.
If you only hang around with or listen to people who share your point of view, you’re unlikely to get the full picture.
Eventually, though, the full picture will be undeniable. Enough people in their circles will eventually understand what’s happening, a critical mass will be reached, and, once that happens sentiment will change fairly quickly. Kinda like Bush’s poll numbers finally plummenting after all his years of incompetence. There’ll always be a few who don’t see the light, but, for the purposes of the housing market, those few won’t matter much. The sea change in sentiment that should happen in the next year or two will be enough to send the market down substantially.
