Tom Fudge is clueless. I left him a voice mail and e-mail a few months ago, educating him on the SD economy and housing market, and gave him links including Rich’s e-mail. He was completely fuddled by Gregory Smith’s standard speech of limited land, people want to move here, economy is strong and jobs are created, and price declines occur only in a recession. Tom Fudge even said that fewer homes are now going on the market, a trend that has been going on for 2 years. What an idiot! There is no media conspiracy. Listen to the audio link – the media is just clueless. Journalism majors are rarely good at business. Journalism people are usually not numbers people. Enough said.
Gregory Smith this is a buyer’s market, and cautioned people to buy affordably. What the heck does that mean? Buying affordably means only the top 10% of wage earners should be buying the median priced home. The rest should not buy???
