Liar Loan said:sleepy5136 said:Maybe LL should have bought more cars and sell now right?
ROI matters so much to him. Dibs that he didn?t see that coming. Otherwise he would have blasted it on TI by now.
Yeah, great idea... How many cars fit in your motorcourt?
LL, you are analytical just like me so answer me this. When will inventory levels get to over 3 months of supply? At that point, the market becomes neutral and pricing will flatten out. Right now in Irvine we have less than a 2 week supply of homes so inventory has to increase 6x-7x from where we are today to get to a neutral market. And what will cause this huge increase in inventory? Buyers pulling back in droves or way more listing put up for sale? It's easy to say that prices are going down but tell me how and when the drivers of price declines will come. I know I sound like a broken record but inventory levels are tell to where prices are going.