The minute my ears heard him say “interest sensitive market” my brain translated it into “we’re gonna f*cking die! Crash and burn! arghhhhhh!”
The greater fools still believe the Emperor has clothes, but the stats tell us that more people are coming around to our way of thinking.
I think the ex-housing thing is already used in the UK – but I could be very very wrong.
Nice. I like it.
How can people in “the business” still be in denial about the state of Real Estate in Southern California?
What will it take? Does the SD inventory have to double from this number before people finally face the music?
As an aside note, I wonder which book, learning annex course, or guru seminar made someone think that buying multiple properties in a declining market with 100% financing would be a good idea?
Moreover, who lent them the money?
I think he’s that special kind of stupid that not only thinks of himself as being “not stupid”, he actually believes himself to be in possesion of a vast intellect.
*sigh*
The same herd mentality that drove it up will be the same one that drives it down.
Any second now the sucker rush will start!
Hurrah!