Coldwell Banker CEO Jim Gillespie –There is no bubble –huh

[veees]

Coldwell Banker CEO Jim Gillespie says there was no bubble and the ‘correction’ should run its course without a big decline in prices

http://www.thestreet.com/video/index.html?clipId=1373_10381522&channel=Exec+Interviews&cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

[VoZangre]

methinks he is sitting so high on his big fat wallet that mt everest looks like a pimple…

What matters most
is how well you
walk through the fire…

[Bugs]

All is well. Remain calm. Make your way to the emergency exits in a calm and orderly fashion. I repeat: All is well, remain calm; make your way to the emergency exits in a calm and orderly fashion. I repeat: All is well, remain calm; make your way to the emergency exits in a calm and orderly fashion. I repeat: All is well, remain calm; make your way to the emergency exits in a calm and orderly fashion. I repeat: All is well, remain calm; make your way to the emergency exits in a calm and orderly fashion.

[lendingbubblecontinues]

Bugs-that was too funny. Bugs-that was too funny. Bugs-that was too funny. Bugs-that was too funny. Bugs-that was too funny. Bugs-that was too funny. Bugs-that was too funny.

[rocket science]

This is one of my new favorites.

According to this dude builders can cut prices by 30-50% and it has no effect on resale

And can anyone point to data that confirms these two quotes?

“This will be the first year since WWII that prices have not appreciated.”

“Prices have never gone down in this country since WWII”

rs

[The OC Scam]

Quote :::”THE AMERICAN DREAM??? Home owners are not going to sell unless there is a divorce, death or loss of job. This is why prices have never fallen in history””

Maybe Mr Gillespie should try adding Home owners who bought a 600k home in Santa Ana, CA with a subprime loan about to reset on a 30,000 a year income… has this happened before in history???

[Navydoc]

Is this guy really in this much denial, or is he simply trying to blow smoke up our asses? I’m glad he reads the “correction” ending in approx 12 months. And why not, the NAR and other economists read it the same way, and they’ve been so right on with their predictions up until now.

What an idiot.

[Author]

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