- This topic has 70 replies, 11 voices, and was last updated 15 years, 6 months ago by
UCGal.
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August 19, 2009 at 10:29 AM #16208August 19, 2009 at 10:46 AM #446448
4plexowner
Participant“NEVER FORGET THIS: The NAR is a trade group, not a legitimate source of independent data. They are biased, not credible, and to be blunt, essentially behave as PR flacks who will say ANYTHING if they think it will help their members make a quick buck. They are not a credible economic organization, they are not legitimate researchers, they are nothing more than hired guns pushing their members’ agenda — even when it is destructive to America.”
http://www.ritholtz.com/blog/2009/07/more-nar-nonsense/
Ritholtz wrote this about the NAR but it is equally applicable to the CAR
“PR flacks who will say ANYTHING if they think it will help their members make a quick buck”
August 19, 2009 at 10:46 AM #4472324plexowner
Participant“NEVER FORGET THIS: The NAR is a trade group, not a legitimate source of independent data. They are biased, not credible, and to be blunt, essentially behave as PR flacks who will say ANYTHING if they think it will help their members make a quick buck. They are not a credible economic organization, they are not legitimate researchers, they are nothing more than hired guns pushing their members’ agenda — even when it is destructive to America.”
http://www.ritholtz.com/blog/2009/07/more-nar-nonsense/
Ritholtz wrote this about the NAR but it is equally applicable to the CAR
“PR flacks who will say ANYTHING if they think it will help their members make a quick buck”
August 19, 2009 at 10:46 AM #4470524plexowner
Participant“NEVER FORGET THIS: The NAR is a trade group, not a legitimate source of independent data. They are biased, not credible, and to be blunt, essentially behave as PR flacks who will say ANYTHING if they think it will help their members make a quick buck. They are not a credible economic organization, they are not legitimate researchers, they are nothing more than hired guns pushing their members’ agenda — even when it is destructive to America.”
http://www.ritholtz.com/blog/2009/07/more-nar-nonsense/
Ritholtz wrote this about the NAR but it is equally applicable to the CAR
“PR flacks who will say ANYTHING if they think it will help their members make a quick buck”
August 19, 2009 at 10:46 AM #4469794plexowner
Participant“NEVER FORGET THIS: The NAR is a trade group, not a legitimate source of independent data. They are biased, not credible, and to be blunt, essentially behave as PR flacks who will say ANYTHING if they think it will help their members make a quick buck. They are not a credible economic organization, they are not legitimate researchers, they are nothing more than hired guns pushing their members’ agenda — even when it is destructive to America.”
http://www.ritholtz.com/blog/2009/07/more-nar-nonsense/
Ritholtz wrote this about the NAR but it is equally applicable to the CAR
“PR flacks who will say ANYTHING if they think it will help their members make a quick buck”
August 19, 2009 at 10:46 AM #4466424plexowner
Participant“NEVER FORGET THIS: The NAR is a trade group, not a legitimate source of independent data. They are biased, not credible, and to be blunt, essentially behave as PR flacks who will say ANYTHING if they think it will help their members make a quick buck. They are not a credible economic organization, they are not legitimate researchers, they are nothing more than hired guns pushing their members’ agenda — even when it is destructive to America.”
http://www.ritholtz.com/blog/2009/07/more-nar-nonsense/
Ritholtz wrote this about the NAR but it is equally applicable to the CAR
“PR flacks who will say ANYTHING if they think it will help their members make a quick buck”
August 19, 2009 at 11:01 AM #447247jpinpb
ParticipantHow can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy!
August 19, 2009 at 11:01 AM #446656jpinpb
ParticipantHow can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy!
August 19, 2009 at 11:01 AM #446994jpinpb
ParticipantHow can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy!
August 19, 2009 at 11:01 AM #446463jpinpb
ParticipantHow can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy!
August 19, 2009 at 11:01 AM #447066jpinpb
ParticipantHow can you tell they’re lying? Watch to see when their lips move.
Yeah. Old. But still so applies.
I like the way each one is broken down and explained.
In conclusion: Now’s a great time to buy!
August 19, 2009 at 11:11 AM #447277DWCAP
ParticipantPlease dont forget that they are kinda cherry picking their numbers there.
Step 1, 85% of median home price. This would make sense in a normal market with normal distribution, but (assuming they are talking about Q1 median) we had anything but a normal median. Janurary had what, 55% foreclosure sales? Feb wasnt far off. Even now it is ‘down’ to 35%. The only things selling are the low end, and these guys are gonna buy 15% below that? I thought CAR/NAR was always complaining how foreclosures are unfairly underpriced already.
Step 3, interest rates. Umm, lowest in recient history and totally manipulated. Not really their fault, but not telling the whole story here either.
August 19, 2009 at 11:11 AM #446493DWCAP
ParticipantPlease dont forget that they are kinda cherry picking their numbers there.
Step 1, 85% of median home price. This would make sense in a normal market with normal distribution, but (assuming they are talking about Q1 median) we had anything but a normal median. Janurary had what, 55% foreclosure sales? Feb wasnt far off. Even now it is ‘down’ to 35%. The only things selling are the low end, and these guys are gonna buy 15% below that? I thought CAR/NAR was always complaining how foreclosures are unfairly underpriced already.
Step 3, interest rates. Umm, lowest in recient history and totally manipulated. Not really their fault, but not telling the whole story here either.
August 19, 2009 at 11:11 AM #447024DWCAP
ParticipantPlease dont forget that they are kinda cherry picking their numbers there.
Step 1, 85% of median home price. This would make sense in a normal market with normal distribution, but (assuming they are talking about Q1 median) we had anything but a normal median. Janurary had what, 55% foreclosure sales? Feb wasnt far off. Even now it is ‘down’ to 35%. The only things selling are the low end, and these guys are gonna buy 15% below that? I thought CAR/NAR was always complaining how foreclosures are unfairly underpriced already.
Step 3, interest rates. Umm, lowest in recient history and totally manipulated. Not really their fault, but not telling the whole story here either.
August 19, 2009 at 11:11 AM #447097DWCAP
ParticipantPlease dont forget that they are kinda cherry picking their numbers there.
Step 1, 85% of median home price. This would make sense in a normal market with normal distribution, but (assuming they are talking about Q1 median) we had anything but a normal median. Janurary had what, 55% foreclosure sales? Feb wasnt far off. Even now it is ‘down’ to 35%. The only things selling are the low end, and these guys are gonna buy 15% below that? I thought CAR/NAR was always complaining how foreclosures are unfairly underpriced already.
Step 3, interest rates. Umm, lowest in recient history and totally manipulated. Not really their fault, but not telling the whole story here either.
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