theplayers, I agree with every point you made, and I have said the same things. I also think that some people on this forum could be afraid to buy at the bottom, esp. when every 5th house is listed for sale, and you know of people who haven’t had a showing in over a year. You start to think, “This house is cheap, but I’ll never be able to sell it if I need to…maybe this will be like Japan and we’ll go down for 20 years.”
Investors will buy when they can be cash flow positive, but if prices are still falling, and rental rates are falling and good tenants are hard to find, even they may wait a bit longer.
sdrealtor, what do you mean with a gardener and varying? In any case, you have some bullish leanings, if nothing else due to your job and owning rental property, and I have none. We will never agree on everything because I don’t have those bullish leanings; I’m a total gloom and doom bear. If it’s not raining yet, it soon enough will be 🙂
