Tsunami analogy - one can only hope.

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Submitted by sdduuuude on March 4, 2013 - 2:37pm

The inventory flow is astonishing. There is nothing coming on the market.

Everyone knows what happens just before a Tsunami hits?

That's right - the tide runs out.

I can't say I believe the tsunami of inventory is coming soon, but it sure is remarkable that 1) Folks have been waiting for a tsunami for a long time now, and 2) All of the sudden, the tide went out.

If a tsunami does come, it will be a fascinating analogy between they physical world and economics.

Submitted by spdrun on March 4, 2013 - 4:07pm.

Sent two offers this week. The inventory is there -- it just gets absorbed very quickly at the right price.

Submitted by CDMA ENG on March 4, 2013 - 10:04pm.

Angst?

CE

Submitted by CA renter on March 4, 2013 - 11:01pm.

Nice analogy, sduuuude.

Submitted by paramount on March 4, 2013 - 11:59pm.

How many underwater borrowers are willing to or can sell?

Submitted by sdduuuude on March 5, 2013 - 8:48am.

paramount wrote:
How many underwater borrowers are willing to or can sell?

Stop wrecking my lovely analogy with logic.

Submitted by CA renter on March 5, 2013 - 4:18pm.

sdduuuude wrote:
paramount wrote:
How many underwater borrowers are willing to or can sell?

Stop wrecking my lovely analogy with logic.

With recent price increases, their numbers are adding up by the day!

Submitted by edna_mode on March 6, 2013 - 12:21am.

yep, large numbers underwater. check.

http://www.dailymail.co.uk/news/article-...

Submitted by CA renter on March 6, 2013 - 1:51am.

edna_mode wrote:
yep, large numbers underwater. check.

http://www.dailymail.co.uk/news/article-2284287/Youre-going-wrong-way-Moment-confused-fish-tried-swim-opposite-direction-hundreds-companions-enormous-shoal.html

Great photos! :)

Submitted by sdduuuude on March 6, 2013 - 9:04am.

edna_mode wrote:
yep, large numbers underwater. check.

http://www.dailymail.co.uk/news/article-2284287/Youre-going-wrong-way-Moment-confused-fish-tried-swim-opposite-direction-hundreds-companions-enormous-shoal.html

Did that writer seriously use the word "disorientated"

Submitted by spdrun on March 6, 2013 - 9:05am.

Disorientated is actually correct in the King's English.

Submitted by UCGal on March 6, 2013 - 10:14am.

I'm seeing a lot more listings in my hood.
But the ones that aren't grossly overpriced go pending very quickly.

Seriously - after no action in my hood for a very long time, except some houses that had issues (on busy streets) that were priced as if they didn't have those issues... stuff is coming on the market and selling quickly. I think the activity is driving more activity.

In the last 60 days several homes in a few blocks of my house were listed and went pending. All listed for prices higher than I thought they were worth.

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