What percent of people in America now believe home prices are heading down? What percent believed that a year ago?
(bonus points if you can identify the animal and make the connection...)
August 21, 2006
HousingPanic Stupid Question of the Day
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18 comments:
35%
5%
groundhog.
I believe only about 10% think prices are going down. The MSM has just started talking about the crash so it's still going to take a while for people to wake up. I don't think the levels will reach 50% until Oprah has a show on people who suffered from the crash.
Probably 0.5% thought this last year.
Woodchuck
People are going to Upchuck when there ARMS reset.
lemming! people are lemmings following the crowd
50%
2%
It depends on what geography you are talking about. Nationally or in the bubble markets or in their city?
I was at a party this weekend and as always I was pissing off the two agents in the room and one mortage broker calling out the white elephant in the room. As a sample, only 1 in 20 at the party believe that prices will drop.
For bonus points: That's a Lemming. Its the closest animal to the mythical sheeple that we've heard so much about.
p.s. I played a PC game called Lemmings for HOURS when I was a kid.
FC JOHN
I agree with John in Rocklin, it's a groundhog. I've had one for a tenant living under my shed for years. Pays no rent, but he/she is very cute.
Is the connection the movie 'Groundhog Day', where nobody learns from the past?
David in jax,
When these people (90%)who believes otherwise (prices going up), are at the same time having trouble sleeping, you know that their in the DENIAL stage. The next descending stages are fear, desperation, panic and despondency.
Just wait, they'll get there.
Like many in denial, this groundhog is in way over his head!
Love the upchuck comment.
Seems to me, most people are clueless that prices have dipped since last year. I will say 20%. The amount of people that saw this coming...even fewer-4%.
It's a groundhog! People will stay in the dark, until reality sheds light on their situation.
Pika. Lives only in the rarefied atmosphere of high housing prices.
Groundhog, it will be another six weeks until the crash.
biased poll likely full of realtors and mortgage brokers clicking "yes"
it's a lemming :^)
even though groundhog was a great guess. we never learn,
Fox news has a poll today where 41% of people think prices will go up and 34% of the respondents think prices will go lower.
Not sure if this is true, but it is said that lemmings will follow each other across large bodies of water to find a food source. Sometimes an entire group of them will perish after taking on a body of water which is too large to pass. You do the math.
This new crowd said it will never happen to them as they are not going to put their money in that risky stock market. Oh no, there is a really safe investment that always goes up ? real estate. There is only so much land and no more is being created. The population is expanding so the demand will continue and prices can only increase.
http://articles.pointshop.com/stocks/42142.php
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