honobob, no worries, and yeah, I would love to point out a "buy" but in my area there are no "buys" so no evidence but darn sure seems strange to consider the housing market robust or anything close (not that you are suggesting that).
And by the way his list is a factual list of what owners/sellers feel the market is and that appears to be down about 30-40% from peak.
And hey, do you know if that property on Steiner was sold after a 1/2mil in renovations. That area is fairly well heeled but it has many old buildings still getting refurbs. Just saying one example positive or negative does not a comprehensive study make.
Joking of course.
twaddle, now we are talking. Yes, this is gonna be a macro economic study for the ages. The ripple from bloated housing fueled many spend thrifts. And now with plastic cards with $20k limit available to anyone, just wait for the CC collapse of 2010.
My former neighbor put his home up for sale about 3 years ago and needed the cash. He then got a HE loan for $65k and spent about $30 on finishing his basement, building a deck and other reno. He bought a new Jeep, and a new car for the wife. I collected his mail for him while he was on vaction to Europe. He asked me to give any financial stuff to his daughter. He literally got 4-5 bank, credit card, or department store bill nearly every day. No that is only anecdotal evidence and this being an internet forum, it might even be a lie. But regardless. Is that not a portending of things to come.
People will not do without. My neighbor will achieve the American dream no matter how much it costs me.