North County realtor and regular Nerd’s Eye View quotee Chuck Smiar is back with some words of wisdom in a recent North County Times article:
"There’s buyers out there, but they’re just not buying. They’re sitting on the fence, waiting for (prices) to drop more. They’re going to see it drop and then they’ll wait for it to drop some more," said Chuck Smiar, a Prudential Realtor in Escondido. "They all think it’s going to go to zero, and they’re going to be in for a surprise."
Well, I’m not quite sure what to make of this one…
Nice graphic.
Nice graphic. Threat-o-Meter is a cool name, but here are some other suggestions for titles and sub-titles …
The Up-Chuck-o-Meter
“Quotes that make you puke”
Smiar-Smiar-Pants-on-Fire-o-Meter
“True gauge of not-quite true statements”
Love the graphic! Helped
Love the graphic! Helped restore my sense of humor. I’ve been out trying to buy in this market. (Yes, I am a knucklehead, but the family pressure just got to be too much).
I’ve been routinely rejected by sellers. Granted, I have been putting in serious low ball offers (2003 prices).
Pretty sure I am not expecting to pick up something for free….
I’m reminded of Winston
I’m reminded of Winston Churchill’s observation that, “It’s better to remain silent and be thought a fool than to open one’s mouth and remove all doubt.”
Is it possible that Chucky
Is it possible that Chucky is reading the charts upside-down?
At least he hasn’t learned
At least he hasn’t learned to talk out of both sides of his neck. Slow learner, I guess.
Wow, the really interesting
Wow, the really interesting thing is to go to the NC Times site and look at the comments to the article itself. Overwhelmingly, they make fun of Mr. Smiar and his comments. Amazing how the attitude has changed in the last two years.
I wonder what the editors of the NC Times think when they run an article like this and then get totally blasted in the comments section. Admittedly, nobody takes web comments too seriously, but given the overwhelming negative attitude to the story, ya gotta wonder if the editors don’t start to think, “hmmm… maybe we should get someone to write for us that people don’t just laugh at and make fun of.”
“They all think it’s going
“They all think it’s going to go to zero, and they’re going to be in for a surprise.”
Dangit! I was hoping that I would be able to delcare ownership and claim a house for myself at the end of this.
Guess I better go buy right now!
Be-yooooo-tiful
analysis,
Be-yooooo-tiful
analysis, Senor Toscano….
I tend to lend more credence to
http://rs.rgemonitor.com/blog/roubini/231693
than to Smiar
ciao for now…
Voz
Have you ever been able to
Have you ever been able to discern the real cause behind comments like his? Is it just honest naivety? Or is it that optimism sells papers better than realism? Or perhaps just that agreeing with existing popular opinion sells better? Or does it ultimately tie back to some attempt to manipulate the market (they know better, but hey, they’ll get more commissions for them and their buddies if they can convince more people to buy)? Or…?
“Never attribute to malice that which can be adequately explained by stupidity.”
I’m never sure how ubiquitously I should apply that.
It’s all of those brandyn.
It’s all of those brandyn. When I first saw the graph, I thought it was just a joke, not realizing that there were serious comments behind. This is an industry verging on self-parody. I have an image of Borat setting up shop, with a Chuck Smiar’s “Ten Easy Steps to be Become a Successful Realtor” taking pride of place on his desk.
I love some of the NCTimes’s
I love some of the NCTimes’s reader comments. Especially the one that quotes the article and then says nothing but
HAHAHAHAHAHA!
It is not a roller coaster
It is not a roller coaster any more but closer to a free fall. Very nice graph, interesting to see if the slope ease up any bit the next few months.
“interesting to see if the
“interesting to see if the slope ease up any bit the next few months.”
Interesting to see if it doesn’t too.