Besides "Suzanne reserached this", what's been the best housing bubble idiot quote that we can now turn into a catchphrase?
(someone go find me some good David Lereah stupidity...)
August 12, 2006
HousingPanic Question of the Day
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"There is virtually no risk of a national housing price bubble"
from the NAR talking points
http://tinyurl.com/b3go3
"I'm still bullish on the housing sector" - David Lereah
"I do not subscribe to the notion that there is an overall housing bubble in this country" - the same dude
http://www.msnbc.msn.com/id/8322080/
off topic - Kieth,what kind of traffic do you get on your great site, and has it been increasing with MSM's increased bubble coverage?
"Real Estate only goes up"
Everyday 1,000 people move to Florida...
they're not making more land
[said while making a face that looks like they're smelling a fart]
"oh.. you rent?"
http://www.businessweek.com/bwdaily/dnflash/mar2005/nf20050315_6227_db093.htm
Barbara Corcoran Business Week Online 3/15/05
Q. First things first -- bubble or no bubble?
A: Of course there's no bubble. I think we're just getting started. But I don't expect anyone to believe me. There are so many more buyers than there are homes to sell. Bidding and overbidding are the norm of the day. So it's going to take a lot to slow this market. Even if it does -- which I don't see the signs of -- it will still slow down slowly. That's not what a bubble does.
I would love to go back and find quotes by all the idiots that said the crash is just a lot of hype. First they feed us that it’s supply and demand – that a normal market is a 6 month supply. Now they tell us we’re returning to a more normal market with a 14 month supply.
I now you're looking from published quotes but I live in Phoenix and I fight a daily battle defending the fact I rent since I can afford to buy.
Thursday: "400 people more to Phoenix a day"
Friday: "The developers are still building like crazy and they know this business better than you or I."
"The tax deduction alone makes it a good investment."
These people still have no clue their house could actually decrease in value. This bubble will take awhile to deflate.
"Stocks and bonds are not a true liquid asset. The ONLY liquid asset is real estate."
Heard from Real Estate agent and radio talk show host of Stamford, Ct. based "Real Estate Review" on Wstc AM, 1400.
local idiot (realtor) " I'm buying everything i can get my hands on!" Trying to convince me i'm missing out. He's smooth!
"Real estate, unlike stocks or bonds, is a good investment any time..."
M. Carr, July 21 "Realty Times"
Glad to know that a real estate "expert" also gives advice on stocks and bonds. Gee, I hope he has his NASD license!
Anyone who bought within the last six months: OH F--K!
"Home values will never go down, in this area", (wherever that may be)!
"I'm the only honest realtor in this area!" and I think you should buy Now, because i'm showing this property this afternoon to an interested party from Sheboygan!
to shastatron: that's histerical, i have seen and heard that exactly! Oh yeah,'I RENT'
come on HP'ers - do my work for me. google david lereah and find some gems, and post soundbites here
Sell your house, pay yor realtor 6% of the commision, rent an apartment, buy gold with your cash, then sell your gold for a commision and buy back a hose when I say buy.
Kieth in 2 years "Oh no Gold went down. Houses went up. I blew all my money on commissions."
"it's different this time"
interest rates are still friendly,(prices are outrageous), but rates are still friendly! Oy!
"I'm your Real Estate Agent, a trained professional..TRUST ME!"
The old stand-bye is: There's never been a better time to buy!
If rates are going up: buy now before rates increase again. If rates are paused: buy now while rates are stable. If rates are going down: buy now, loans are getting cheaper.
Maybe the new lie should be: There is NEVER a bad time to buy real estate!
Dishonest Telamarketing Mortgage Lender selling a no doc 125% LTV ARM Loan, "Don't worry about it."
"15% Appreciation This Year...IS IN THE BAG"
Not in this area!
Home prices have come down, now they'll flatten out, then go back up!
Better buy Now, during the lull
Captain of the Titanic tried talking the ship up too!
Housing panic was wrong. America entered a period of hyperinflation that virtually wiped away most of the debt owed to foreign countries who invested in US treasury bonds and saw their dollar denominated assets vanish. The dollar was eventually replaced by the Amero.
someone wake me up when it finally happins - until them Rumplestiltskin here I come..
How about this, from Liar-eah's SF Cronicle interview found at the David Lereah Watch blog :
""The only way to build wealth, for 80 percent of Americans, is real estate. If the balloon bursts, then 80 percent of Americans will have trouble with retirement."
The worst part is that if they swallowed his lies and double-speak of the past few years, that statement may very well be true.
Foobeca, you are - foooooool!
"Houses in Seattle will appreciate 40% in the next 2 years. I wish **I** could buy one!"
The poor pauper who had to forgoe the sure bet of 40% appreciation, even in this day of no money down loans?
Lawrence Yun, a head economist for the NAR.
He said that last Fall, just as the price reductions were beginning to come on hot and heavy.
Baby boomers are selling their homes to move into condos.
Most realtors
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