An interesting read from Diana Olick that mentions how sellers are still stubborn holding on to ridiculous ideas that home price appreciation will rebound soon enough.
Human psychology is a strange thing, these sellers actually think that after 300% appreciation over the last 7 yrs nothing much will correct but rather things will stabilize and then move up pretty soon even though throughout history market has corrected to pre-boom levels.
That is not NAR biased BS, she tells it like it is.
I am a big fan of Diana Olick, I usually watch her clips on cnbc’s website, last week she took on permabull Barbara Corcoran and made Corcoran’s botoxed face look more confused than her surgeon made it look.
Why do I prefer to watch her rather than read her articles even though she is usually right on target (not to bearish, not too bullish, just the facts)? It is because she is hot!!!! Brains and Beauty, she’s a piggington fantasy girl. Roubini and Shiller are great but not much to look at and the other cnbc gals all look like porn stars with matching brains, but Olick, that’s my girl next door.
erin burnett is not dumb, she’s the smartest girl in the world! i like her and she likes me back! and she showed me her boobies! and alligators are ornery because of their modula oblongata!
.
