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Home › Forums › Housing › Coldwell Banker CEO Jim Gillespie –There is no bubble –huh

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  • September 26, 2007 at 1:08 PM #10418
    veees
    Participant

    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

    September 26, 2007 at 2:18 PM #86004
    VoZangre
    Participant

    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…

    September 26, 2007 at 3:29 PM #86013
    Bugs
    Participant

    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.

    September 26, 2007 at 3:51 PM #86016
    lendingbubblecontinues
    Participant

    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.

    September 26, 2007 at 5:12 PM #86017
    rocket science
    Participant

    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

    September 26, 2007 at 7:36 PM #86026
    The OC Scam
    Participant

    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???

    September 26, 2007 at 10:16 PM #86044
    Navydoc
    Participant

    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.

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