Nobody likes to hear you told them so. I usually keep my mouth shut about this whole thing unless someone asks, and then I start throwing data at them. After 10 minutes of that I really don’t need to express an opinion.
Do you remember what the Bulls’ favorite argument was a couple years back when we were talking about this happening? Every time their “this is a new paradigm”, “everyone wants to live here”, “there’s a housing shortage”, and “we’re adding jobs” arguments all ran into a wall the one thing we could always count on them saying was this:
“Homes won’t lose value because it hasn’t happened yet.”
Brilliant, huh?
Yeah, well guess what – this scenario has reversed and now it’s our turn. If your guy isn’t listening to reason the only thing you have to say is:
“Pricing is already in decline and there’s no sign that trend is going to stop any time soon.”
Put the burden on them to show you otherwise and watch them squirm. Just make sure you do it nicely, or it comes off as gloating. It’s not cool to kick a debt slave when they’re down.
