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Then you put continued upward pressure on rents via abnormal demand, and with such a shortage of return-producing-capital-investment, you help support unaffordable house valuations
We have our collective fingers stuck in a chinese finger trap. Go ahead and pull,,,the grip just tightens. Because if those dependent on the hyperinflated valuations were forced to book their losses, the jig would be up
Eman
2012 Jul 13, 1:35pm
Inflection point,
I hope you're winning and ahead of the game by boycotting. There's more than one way to skin a cat. If renting is getting ahead, there's nothing wrong with it. For me, I'm very happy with my bets so I'm not boycotting. I'd say bring it on. I'm welcome an increasing or declining market, but I'd prefer a declining market for the next several years.
As I watch the low inventory of homes in the bay area one thought occurred to me. What would happen if everyone refused to pay these inflated home prices? Why not boycott home purchases. I have been doing that for years.
#housing