IF TIMES ARE SO BAD - WHY ARE THE STOCK MARKETS AT HIGHS
bro don't be an idiot! we want a certain type of home PERIOD! it has nothing to do with some conspiracy of realtors or banks moron! the fact is, there are other people like us out there RIGHT NOW looking for the same thing obviously, and thus we're all jumping on good homes in good areas that are reasonably priced, and we're all willing to pay that price! i can't help it that other people are out there looking for the same product we are! but what i'm saying is, where's the doom and gloom if there's a few of us out there wanting to spend $700k on a house?! we have the money! we want to spend it, and we're comfortable spending on a certain type of house and location! it's a fact and i'm living proof!
And what do you know about the number of homes being held off the market to support existing prices? Those homes are being held off the market for a particular reason that has to do with supporting mark to fantasy pricing on the balance sheets of banks that are stuck with these homes.