These prices are sustainable PERIOD! What it takes to keep them that way and how doesn’t matter. They will find a way and I always believed it. People love their homes in this country and TPTB understand that. They will do whatever is necessary to keep people happy now because that will keep them in power.
You are trying to claim both sides of the argument now. Sorry you can’t get away with that. You said they wouldn’t nor could they be success in propping up the market long enough for time and inflation to do their job. You were the deflationista. Clearly they are, have and will win the war.
Whether or not this is a natural unmanipulated bottom is irrelevant too. A bottom doesn’t have to be a natural unmanipulated one. This one isn’t and never was going to be.
While the war wages on the winner has already been determined. The gulf war is a good parallel. It was costly, stupid and immoral. Claiming meaningful victories along the way are few and far between. We are still fighting and will be for years but Old Glory will still be flying highest through it all not some Middle Eastern flag.
Thanx for the well wishes. The Grand Canyon is my favorite national park and something everyone in America should see. Pictures do not begin to do it justice.
