Hotels have exacerbated theproblem by being always on sale, by offeringdiscount rates on discount rates, and by treatingallinventoryasdistressedinventory.
So, could the presence of low tier price increases, distressed home sale price increases, smaller percentages of distressedsale levels, and high levels of investor activity be what a floor looks like?
Of the five, none is particularly cheap, though Buffett has a reputation for buying great companies at reasonable prices, not for picking up distressed properties at fire sale prices.