Tex, it looks like we should have all taken Toddler’s advice and shorted gold and gone long housing. [LOL !] . . .
*BUMP* !
Once again, housing shills chime in with misinformation. Home prices are down about 8% nationwide in the past year. In some California cities, prices have dropped over 45% since the highs of 2005. Real Estate prices are off 25% all over California. Want proof? Just view all my recent posts.
Why? Because I normally cite authorities as proof. The housing shills mostly throw out insults without citing any proof at all. They act like they are the experts. In short, they all act like paid shills or disinformation spreaders and total idiots.
The real experts mostly agree with me. I mostly agree with the real experts. Most of the people who post on FR seem to agree with me today.
Video: Yale Economist, Robert Shiller, Gives His Opinion
Video: New Satirical Comment on the Housing Crisis
Posting misinformation does not help anybody. If you want to save thousands of dollars, $$$$$$$$$$$ please listen.
If you want lose your shirt, follow the advice of housing shills.
Who pays you?
We should be hearing about rental prices spiking due to demand of all these people losing their homes.
In some California cities, prices have dropped over 45% since the highs of 2005.
Where? I have numerous family members who have been unable to buy in California for the last dozen years.
The housing shills would love to begin their flipping cycle all over again. This time around it will be tough, as the economy sinks in the direction of a depression (severity is contingent on the set of various shocks to the market).