More trolls in the press....

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Submitted by djrobsd on April 18, 2008 - 8:08am

http://finance.yahoo.com/real-estate/art...

This is my favorite part of the foolishness of this article:

Who Should Buy a Home?

"Dual-income customers should definitely buy a home now," says George Kaiser, vice president of banking operations for Northbrook Bank and Trust and West America Mortgage Co., its sister company. "People with assets in reserve and a credit score of at least 680 should buy as well. Anyone with a credit score less than that will have to verify their income."

‹ How easy are short sales? How easy are short sales? ›
Maybe it'll inspire a few
Submitted by sd_bear on April 18, 2008 - 8:13am.

Maybe it'll inspire a few knife catchers to hop off that fence.

"People with assets in
Submitted by cr on April 18, 2008 - 10:18am.

"People with assets in reserve and a credit score of at least 680 should buy as well. Anyone with a credit score less than that will have to verify their income."

To me this is further proof that faith in real estate is not fully shattered yet. Sure it's this guy’s job to sell mortgages, but the fact that his comment is presented as credible, particularly given the "verify their income" line, tells me there is still air in the deflating bubble.

Coming off the euphoria that real estate goes up forever I don't see a bottom until the prevailing sentiment is unequivocally against buying.