“…the over-bearishness on housing wasn’t as bad as with the economy in general.”
There has been a lot of understandable resentment towards the Great Recession and many still have pent up blame. The “pushback” you received over positive news was possibly that many think of Piggington as a bastion of truth, or refuge from the madness. That doesn’t imply it isn’t, but any sense of a shift away from the ‘crusade’ will get some pushback from the diehards. I’m not one of them, and neither do I believe your views are shaped by being a home owner. I do, however, believe a lot of what we are seeing in the current housing market, whether in SD or further afield, is not healthy. Low inventory, low interest rates, government guarantees, tax credits, over-valuations (in your own words), bidding wars, and investor speculation much of which was symptomatic of the 2006 housing bubble. To me that warrants continuing to look more critically behind the numbers. It is not in any way a criticism of what you do, which I think is great. You are well deserving of all the credit you get. I wouldn’t continue to read your posts after eight years, if I didn’t believe it to be so.
