You know, I asked the question about what the source of the downpayments was and was roundly criticized by the realtor triad here because according to them, it is irrelevant.
Of course, you and I both know better. It is entirely relevant because it speaks to the sustainability of any bounce that may occur on the way to the bottom in prices.
Here is the multi-part question I posed and never really got an answer and I suspect I know why:
How many of these sideline buyers:
1.Have at least 20% down in Cash that is NOT SOURCED from the following: Prior sale of another house in a bubble zone, actually equity extracted from a house in bubble zone, from Mommy or Daddy.
2.Are first time buyers.
3.Age 35 or younger. In the case of a married couple, both must meet this criteria.
