I love powayseller, she’s got strong opinions and not afraid to voice them.
People are uncomfortable with her because they don’t like gloom and doom predictions. However, the more they read her, the more they find her arguements convincing. It’s not too pleasant to hear the bad new so you’re tempted to kill the messenger.
Plus anyone who bought after 2001 stand to loose all of their equity if she’s correct. That’s what they’re really scared of.
Actually, powayseller is doing a favor to everyone for telling the truth like she sees it. She’s got nothing to gain. On the other hand, the real estate professionals want to encourage transactions because that’s their livelyhoods so even if they thought real estate would drop 50%, they would never tell us.
I hope some of the reporters in the national press would read this blog, review the data provided, and tell the public what is really happening. People are still in denial so you have to keep on repeating it for the info to sink in.
