Rich’s new business partner has MLS access and has been using this data for in his monthly charts for several months now.
As far as some of the suggestions, if Rich believed that stories and anecdotes were valid arguments, he would have believed the “everyone wants to live here” and other myths that have been circulating for years. But Rich deals in evidence, not stories. Sure, many people do think stories are convincing, but those are not the people Rich is talking to.
Also, the topic is not the current slowdown, which is still relatively mild. The topic is that we have experienced a huge bubble, and we are at the very beginning of what could be an equally huge correction.
If they want someone to tell stories they’ve got the wrong guy.
