The Pesky Reality (LA home prices):
The Ignorant REIC Quote:
"I think we will see months of gains and then maybe retreat a little bit. I think we will be bouncing along a bottom for a while"
- Leslie Appleton-Young, the shockingly still-employed chief economist for the California Association of Realtors, June 2008
(So, how many months or years will the realtors keep calling bottom until they realize they have absolutely no credibility left?)