Were those the same people that dismissed anyone as a "doom and gloomer" that warned others about how our economy was nothing more than a ponzi scheme/house of cards during the past several years? I wonder whatever happened to those guys. You don't hear from them much anymore...
Were those the same people that dismissed anyone as a “doom and gloomer” that warned others about how our economy was nothing more than a ponzi scheme/house of cards during the past several years?
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Yah, kind of a group-think, button down, “I sell bonds and this what everyone around me thinks and who are you to think for yourself” sort of crew. Meanwhile they are getting their opinions from the 27th article written by an underpaid ivy league grad 7 years out of school who spent their college years in the school newspaper office . . . and who is very impressed that the person they are interviewing makes 200x what they do. Maybe the reporter even hopes to marry one of the guys they are interviewing.
I remember the same one's were telling us, when it was in its very early stages, that we weren't seeing a collapse in the real estate market.
At the time I was doing IT/systems admin for a local Realtor/MLS outfit. I seeing 400-500 being listed per day, whereas shortly before then only 10-20 max were being listed. At first I thought there was something wrong with the software, servers or database. It was truly shocking, as being in real estate literally since my childhood, I had never seen anything remotely like it.
Then I'd log onto FR and "those guys" you refer to would be telling us how their daughter-in-laws (or whatever friend/relative) were Realtors and were having their best year ever. Those of us trying to give witness to what was really happening were a bunch of Chicken Little, doom-&-gloom, Ron Paul freakoids.
This was extremely frustrating being that I was looking the objective data right in front of my face.