it was quite amusing how he turned my comment:
“well, here is a specific example of a huge drop — I gave example of the park place property that sold at 100K+ loss, and there are 60 more at: http://sandiegomarketmonitor.blogspot.com”
into:
“well, this is unique to downtown, and (complete non-sequitur) we expect 7% appreciation national appreciation, and perhaps 2% for san diego”
of course, it is pointless arguing with those people, but perhaps some poor soul out there will think twice about jumping into too-deep water
Somehow all this reminds me of this joke: “how can you tell a real-estate economist is lying? His lips are moving”.
