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  • February 25, 2008 at 9:47 AM #11925
    Trojan4Life
    Participant

    I need to get one of these jobs…I swear he must be pulling down at least $250K a year and all he has to do is make stupid statements like this one:

    “Subprime loans and other risky mortgage products have virtually disappeared from the marketplace,” said Lawrence Yun, NAR chief economist. “Over the past five months, this has been reflected in soft but fairly stable home sales.”

    http://money.cnn.com/2008/02/25/news/economy/existing_home_sales/?postversion=2008022511

    Soft, but fairly stable…like a 23% drop in sales y-o-y is stable?

    Chicken Little might have been more credible…

    February 25, 2008 at 10:22 AM #159542
    sfexporter
    Participant

    I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

    February 25, 2008 at 10:22 AM #159932
    sfexporter
    Participant

    I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

    February 25, 2008 at 10:22 AM #159838
    sfexporter
    Participant

    I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

    February 25, 2008 at 10:22 AM #159855
    sfexporter
    Participant

    I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

    February 25, 2008 at 10:22 AM #159859
    sfexporter
    Participant

    I think the correct proper tile is “spin-doctor”, not “chief economist”. Any info from NAR is garbage…

    February 25, 2008 at 10:46 AM #159865
    cr
    Participant

    Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

    “Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

    The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

    And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

    Nice try Liar Lawrence.

    February 25, 2008 at 10:46 AM #159940
    cr
    Participant

    Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

    “Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

    The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

    And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

    Nice try Liar Lawrence.

    February 25, 2008 at 10:46 AM #159860
    cr
    Participant

    Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

    “Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

    The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

    And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

    Nice try Liar Lawrence.

    February 25, 2008 at 10:46 AM #159843
    cr
    Participant

    Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

    “Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

    The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

    And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

    Nice try Liar Lawrence.

    February 25, 2008 at 10:46 AM #159548
    cr
    Participant

    Well if they NAR was desperate to fool people a year ago, they have gone well past pathetic this year.

    “Other risky mortgage products”, like what ARMs, Interest only, or the latest reverse mortgages?

    The only things that different is the interest rate and credit score require which is going to ocntinue to drive down sales and prices.

    And there are plenty of “risky” (a.k.a. toxic) loans still on books all over the financial world ticking away.

    Nice try Liar Lawrence.

    February 25, 2008 at 2:20 PM #159692
    barnaby33
    Participant

    Never ask a barber if you need a haircut, the answer is always the same.

    Josh

    February 25, 2008 at 2:20 PM #159988
    barnaby33
    Participant

    Never ask a barber if you need a haircut, the answer is always the same.

    Josh

    February 25, 2008 at 2:20 PM #160003
    barnaby33
    Participant

    Never ask a barber if you need a haircut, the answer is always the same.

    Josh

    February 25, 2008 at 2:20 PM #160008
    barnaby33
    Participant

    Never ask a barber if you need a haircut, the answer is always the same.

    Josh

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