"Better Buy Now"

Submitted by Rich Toscano on December 16, 2006 - 12:37pm

I don't have a lot to add to this statement by Chuck Smiar, president of the North County Association of Realtors, as quoted in the North County Times:

"I think it's sort of a false drop, if there is such a thing in real estate," Smiar said, in referring to the single-family home sector. "If anyone is going to buy, they better buy now, because things are going to turn around. We're going to start seeing a slow increase in prices."

I just wanted to get it on record for future reference.

This article originally appeared at voiceofsandiego.org.

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What flavor crack is that
Submitted by code7700 on December 16, 2006 - 2:23pm.

What flavor crack is that guy smoking? Wishful thinking never changed anything (that goes for both sides -- those that are wishing for an 75% increase in prices and those wishing for a 75% cut in prices). My guess? Down 10% in 2007 and another 10% in 2008. As much as I hate to say it, I think after that, people will drive it up again (slowly). But then again, what the hell do I know?

Smiar, liar, pants on fire,
Submitted by IrvineRenter on December 16, 2006 - 7:11pm.

Smiar, liar, pants on fire, nose as long as a telephone wire :)

Oh, mercy. Best part of
Submitted by ARMwrestling on December 16, 2006 - 9:54pm.

Oh, mercy. Best part of this real estate shakeout will be the flood of talent that's going to wind up at the local comedy clubs. If the Punchline has a tracking stock I reccomend going long on it now.

Not only the qualitative
Submitted by vfsv on December 17, 2006 - 5:16pm.

Not only the qualitative comments on RE mainpulated but, increasingly the quantitative ones are also.

We track DQ & find the reported y-o-y percentages have diverged from what the actual facts show.

The latest set of corrected Silicon Valley RE stats are now posted at:
http://www.viewfromsiliconvalley.com/id2...

Thanks!
www.viewfromsiliconvalley.com