Even though this thread got alittle off track, I just wanted to throw in my 2 cents.
WHAT THE HELL is this crap? The interviewer is the most bearish person in the mix? She has to ask questions so that these perma bulls can try to refute every argument that would reasonably tell someone not to buy. The outa work striking writers musta written this for the NAR, too perfect. I love how one of them talks about how he is looking in LA and mentions CA once or twice in the same breath as appreciation and opertunity without actually saying that these are good markets. If you were not actually listening to what these ass%#@&’s are saying, which most people are not, you might actually think that you should follow the “smart money” and buy now before you get priced out. Damnit where are all the scumbag lawyers who will sue for anything? They should sue these guys for fraud, misleading people into loosing everything so they can pay for the next million dollar car or boat or………
Someday people are gonna realize that this kinda BS is killing them and stop listening. I realize that economists cant really tell the truth because then itll come true and right now we are trying to avoid the truth because there isnt anything good in it. Still, trust is something that can’t be bought, I wonder how long till these carpetbagger guys cant sell this junk. Wake up America, extreamly high inventory, crashing morgage rates, declining home values year over year for the first time in 80 years and an economy that keeps talking about recession, and not that 7 month hopscotch in 2001, isnt a time to buy. It is a time to guard your capital, suck up to your boss, and reduce your dept. But hey, these guy’s were so obviously right, with the 3-6% appreciation we were seeing at the end of 2007. Oh opps, not suppose to talk about that…..
