tomato, its too bad Rich isn’t an deflationista. Home prices didn’t rise all that fast before inflation became such a large factor in our monetary thought. We may indeed end up paying 4 million for a home, but only if the Fed manages to keep the inflation going. So far they haven’t had much luck.
I just realized I was thread-jacking. To answer shizo’s question, decreasing inventory really doesn’t mean much of anything. Tis a big ship our real estate market, she turns slowly aye, but when she does she moves long distances before turning again, arggghhh. We’ve along we togo a’fore we reach shore, lets not be jumpin up n down in the f’ocsle ever time we think we spot land.
