Even worse, he used propaganda to make his points. Here are some clips from the article from Steve Rodgers he mentions, from my earlier post on this site:
Here’s an interesting article from the UT today. Can someone tell me if any of these statements presented in the piece are true?
Union Tribune, SD Homes Section, Aug. 27th
–Paid Advertisement– !!!!
By: Steve Rodgers, CEO CA Prudential, San Diego
1) Headline: Market Leveling, Still Strong
2) “There’s been talk of the RE bubble bursting…but realistically that’s not likely to happen”
3) “…even in a worst case scenario homeowners will lose no more than 7% of their homes values…”
4) “…an inconveinance, but not a crash by a long shot…”
5)”…so the rise we anticipate in existing home prices this year is actually a little above the high end of historic norms…”
6) Southern CA is adding 200-300,000 new residents per year.
7) SoCal will create 30-50,000 jobs in the next 2 years.
8) “…it is difficult to see a price decline in a job creating market like San Diego.”
9)New home sales are showing significant gains…
10) “…real estate is GAURENTEED to remain just as solid as ever…”
