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[zedor]

Demand is the desire and want for something. Real demand is when the waxing for the thing has the means to pay for it and buy it. There is always more want than real bona fide able buyers with the resources. That is why the real-estate bubble is going to be so ugly as it collapses. The bubble was created by lowering the threshold and rules to be able to buy. Many thus added their bids to the market that had no backing. Think how many could buy a house under the old rules. 20% down in cash and a fully vetted mortgage application ??? Esp these 1 mill and 1.5 million bargains. 300,000 cash up front to buy ?? .

Edited by zedor, 31 July 2007 - 10:23 AM.