“when affordability returns to the market you will see median home prices plummet rapidly. Ironically that will be the first sign of health returning to the market.”
These are the kind of observations that make this blog so addicting for me. Nice thinking LA_Renter. I think I will put emphasis on the possibility that it is a “first sign” for myself though.Collectively LA-Renter and some others will call the bottom here on this blog …no doubt.On the other hand there is the remote possibilty that just the middle holds up.Very remote.Sometimes ideas like La_Renter’s make me wonder if Rich doesn’t use this blog for inspiration. Not that he needs it, but if it is here what the heck.
when affordability returns to the market you will see median home prices plummet rapidly. Ironically that will be the first sign of health returning to the market.
That’s completely true, especially w/ the stricter lending standard, at the bottom, only people who can buy are the one that can truly afford it. So when median drops drastically due to low end market firming up, that would be a good time to call the bottom.
when affordability returns to the market you will see median home prices plummet rapidly. Ironically that will be the first sign of health returning to the market.
That’s completely true, especially w/ the stricter lending standard, at the bottom, only people who can buy are the one that can truly afford it. So when median drops drastically due to low end market firming up, that would be a good time to call the bottom.
