The Dean “Cowbreath” article reads like a nakedly self serving piece to help con people into believing that the market is still sound if you are but lucky enough to be able to afford a $1MM plus property.
Journalists like this (and I could be wrong) sound like writers bought and paid for by special interest/good ole boy/RE Cronies.
All other accurate news coverage is pointed in exactly the opposite direction.
Also, I heard a radio spot on NPR tonight. Some investment advisors are worried that people are taking the RE downturn serious enough. Basically, people are trying to quickly shake this off and move on. But the radio post, as has been stated in posts here often, went on to paint a possible scenario where the housing downturn pulls the country into recession.
Writing a contrarian article like this serves no positive purpose.
I’ll stop now. I didn’t get enough sleep for the last few nights, so maybe I’m rambling……
