the sea of demand was tongue and cheek…maybe I should have said a “sea of cheap, dagger catching, low ballers.” Can we all agree on this sea. Heck I probably even fall into this category on my more impatient days.
I think people are moaning and groaning, because they do not want to wait. They are willing, but frustrated that we can not just get this over with like some kind of monetary band-aid to be ripped off. On top of that the uncertainty is brutal, I think prices will go down, but WHEN will I be able to afford to live like my peer group and not be saddled with enormous debt (unlike my peer group).
I think you are right about all 4 points, and I would like to add one more. People like to feel like they are getting a good deal, regardless of whether they are or not. The short term, I got a good deal, feeling can potentially outweigh the, prices are still going to drop, fear.
