“Since Everyone” is doing it must mean everyone is right…oh yea…I forgot maybe I will go buy one of these tomorrow. Typical Realtor talk…dumb. I bet you were saying the same thing two, three, four, years ago…there not making any more land..better get a place before you miss out…
Here is a question for you Mr. bring data guy…your smart enough for this one…what effect is job losses going to have on home prices in 9 months? How about almost everyone I know getting pay cuts of 10 to 15% at major corporations, bonuses cut, on and on…..oh yea….but everyone is doing it….dumb. [/quote]
To define terms:
“everyone” refers to all arm’s length buyers in that complex.
I was describing an observable fact, not a directing a course of action.
These observable facts help to guide someone who wants to know what it will cost to buy there. Not sure how that is either “dumb” or inaccurate as you have implied.
I agree that it would be stupid to buy above your means (especially after a pay cut) but nobody was talking about that.
Thats just a straw man.
The question was what this complex was selling for.
As far as my predictions for 9 months from now:
I don’t have a crystal ball.
Do you?
What specifically did I say that was dumb?
