Yea, I agree, it’s all speculation. Interesting from a macro-economic impact standpoint. Personally, sans a major change in the lending environments, end result is we are still where we are at today. The dip might have been a lot steeper, but the climb out even faster, possibly overshooting due to fear of price out.
Is there any visibility into how many in San Diego or any other county had their loans modified via the various HARPs? It’s a semi-stand in for homes that didn’t come to market.
