> And obviously, on average, we’re blasting way past anything seen in 2005-2008.

Perhaps, but what's different this time is:

1) There are more institutional buyers. 15 yrs ago, I would presume, less than today.

2) Mind you Zillow wasn't prepared, but others certainty are.

3) With that said, I'd imagine instutional buyer are drolling for an implosion. The small fish would have to bail and the big fish are there waiting to snatch up all they can

Last time it was negligence. The fact it's repeating so soon makes it feel far more intentional.