I watched the tail end of a “Real Estate Survival Guide” on CNBC last night that featured: Robert Shiller (Yale), the Century 21 CEO, David Lereah and some Mortgage Co. CEO. I thought it was pretty amusing to see the views of the die hards changing to a negative perspective. David Lereah actually sounded somewhat pessimistic. Of course their was some RE bull spin on a lot of statements but I just think that a lot of their expressions were very similar to the expressions that Wallstreet Exec’s were showing back in 2000.
Clearly hard times are ahead for the RE industry and have already started to take shape as we speak.
