It’s so easy to rip on the NAR because they do make some ridiculous statements , but you have to believe they are informed and have some idea of reality despite what they say.
They probably know most people are not as informed as anyone reading these posts, so they feel it’s better to sugarcoat everything so people don’t panic.
People are emotional with money, and if they see prices fall by 50%, most people WON’T buy. They’ll think prices will contine to drop 50%.
So while people like us WOULD buy, the NAR would rather present the illusion that everything is okay, at the expense of those who listen, while people like us WOULD by at a 50% drop.
The NAR got themselves into this mess though with slogans like “it’s a great time to buy or sell”, and now they can’t do much but lose credibility while waiting it out.
