Your knowledge is invaluable so I for one vote that you post any thought that you might have at any time!!!!!!!! On a serious note, I would like to get your thoughts on the following. I just went into a web site that had a “local conditions” report update for any area in the country. When I went to Orange County it had a list of 10 or more local brokers, and every single one of them was a cheerleader. All disputed any chance of a drop, and talked about what a great time to buy it is right now.
I understand that they are sales people and are not going to be negative as they are just trying to further their own fortunes. Some of these people have to be smart enough to see that things are changing. However, I wonder what an RE veteran like you thinks when he sees things like this?
I know from my business in futures that brokers should never be listened to as they are all wanna be traders, who cannot make money as traders, so they become sales people. Is this also the case in RE? All these people wanna be developers, but cannot cut it so they go into sales?
