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.
What flavor crack is that
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,
Smiar, liar, pants on fire, nose as long as a telephone wire 🙂
Oh, mercy. Best part of
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
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: