Hat-tip to David at the excellent Bubblemeter blog for keeping the pressure on the "we sold our stocks at the peak with insider information, built houses with illegal Mexican labor, bought off the corrupted Harvard JCHS, put Congress in our back pockets, screwed our former customers by launching a fire-sale, and now we're out to find the few last suckers in" organization.
It's a Great Time to Buy homedebtors!!! Rush out there for the Great Homebuilder Going Out of Business Sale! Get 'em while they're hot!!
Here's a taste from their HILARIOUS press release the other day on the mathematically impossible "It's a Great Time to Buy - And Sell!"
We all know that the economics of today's housing market means that the advantages and opportunities are with home buyers. But in many cases, buyers are sellers as well, and often depend on selling their existing home in order to buy a new one. In this month's NAHB HouseKeys, released today by the National Association of Home Builders, leading experts explain how consumers can buy and sell in a soft market, and still come out ahead.
"Whatever you've heard to the contrary, soft markets are not dead markets. People are selling houses successfully every day - over 6 million resales this year alone, the third highest annual resale total in American real estate history," says Kenneth R. Harney, an award-winning, nationally syndicated real estate columnist and author of the article What's Stopping You from Buying a New Home?
December 19, 2006
National We're Bribing Your Realtor to Steer You Into a Financial Deathtrap Homebuilders Association Advertisement
Subscribe to:
Post Comments (Atom)
8 comments:
I always wondered why there were giant homes from the 1890s spilt up into 5 apartment units. I look at what is being built now, and I wonder what they will look like when they are reconfigured.
Such a load of crap.
Homebuilders are filthier than Greg Swann's wife. They will use every trick in the book to sell one more home and screw everyone else in the process. They sell the first few at full price and then offer hundreds of thousands in cashback and incentives when the market gets rough. They use cashback and incentives rather than just reducing the price because reducing the price would show that the houses have actually lost value. And are continuing to lose value. That is why homebuilder profits are in the toilet and many are declaring bankruptcy.
All because it's such a good time to buy AND SELL a home.
Liars.
Thanks for the mention!
Keep up the excellent blog!
David
Bubble Meter Blog
OT,
inflation jumped the highest in 30 years in the month of november.
see drudge.
The question is not whether we should buy a house ... the question is whether we should flip a house ... you buy and sell in a 6 month window ... Anyway even at 5 years they are stretching ...
Cool.
Cow_tipping
The thing I find both curious and funny - is how the realtor organizations continue to moan about how no one is buying a home while at the same time repeating how this one of the best years in terms of sales. Make up your mind peoples.
sc
Quotes? Sources?
"The thing I find both curious and funny - is how the realtor organizations continue to moan about how no one is buying a home while at the same time repeating how this one of the best years in terms of sales. Make up your mind peoples."
There have been mortgages for illegals, sorry, undocumented workers in the past few years to keep the demand going. How's about mortgages for the retarded or mortgages for the incarcerated or mortgages for dudes who wash your windshield at stoplights for a buck. Don't stop there, head for Junior High Schools get the kids in on the action. Mortages for minors. How's about "mates mortgages" for folks who wife swap? Then they wouldn't have to drive to where they meet. Welfare mom with ten kids by nine different fathers? No problem Lakisha, we've gotcha covered. Just finish crossing the Rio Grande Miguel? Well no problemo amigo, have a towel to dry off and sign here for your new digs in the good old US of A. Are you a convict in stir? Not going to be out of jail for a while but it would be nice to have a place to crash when released - No problem homey, we've got a deferred payment program just for you.
Post a Comment