Unrealistic Buyers

[techweenie]

Originally posted by kdfoust
Hello. I'm selling and buying right now although I'd prefer to sell first then buy...patience...patience.

One thing I've been wondering about is to what extent real estate deflation impact the used Porsche market. My gut is telling me that a lot of those high priced sales may well have been HELOC (home equity line of credit) enabled. Easy come easy go...

I agree that prices may become another bursting bubble. Irrational pricing is the first thing to go in an economic pullback.