I truly believe we're seeing the dumbing down of America. Either the 'experts' and 'journalists' are getting dumber, or they're being told to treat their audience like children.
October 18, 2008
The Today show asks (again) - Have housing prices hit bottom? The 'expert's' advice? Drive four blocks and count the for sale signs. Brilliant!
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Barbara is one in a long line of completely useless financial advice experts. If people people had only followed what she said over the years they would now find themselves staring down the face of a cliff.
I can remember listening to her 6 months ago. She seemed unfazed by the financial storm gathering. She told people they can still buy a home, and should do it if "the time is right." Why is she on this show handing out useless advice? Oh yeah, it's the Today show.
"For Sale" signs in my area go up, they stay up, a long time, then they go down, maybe to come up again, maybe not. Prices never ran up in my area, so prices are not dropping, it's just that properties are simply not selling.
In an older established area with no bubble, most people own outright, and can afford to wait it out. Prices are not coming down, barring a medical emergency, job transfer, or death.
"For Sale" sign numbers is NOT a good indicator of falling house prices.
The same 5 houses have been for sale on my street for the past 18 months. I wonder what Barbara would make of that.
Hey, FAUX news uses the old FEMA guy Brown as an expert now for hurricanes.
Corcoran's been on our dumb bitch list for awhile now anyway.
Enough said.
Walk into a ReMax office and say I'm looking for a shrewd realtor. Are you guys shrewd?
Answer: Sure, why not.
Journalists are getting dumber!
She said there are RISKS, but realestate always goes up, what risk?
The last thing someone should do is use a Realtor - they will screw you.
Where do these creatures from the black lagoon come from?
the msm is dumber but then again the MSM may just be a reflection of the american people. couric couldn't originate a single thoughtful question if her life depended on it.
Anonymous said...
Where do these creatures from the black lagoon come from?
October 18, 2008 5:19 PM
Barbara reminds me of Rodan, spitting fire.
As devils advocate, I say ...
If there are tons of signs, don't buy.
Either the area stinks, or prices are in doubt.
If there are few signs, maybe it's a
good place to live, if the price is right.
People might be happy there, or they
figure values are stable or rising.
Her advice has some merit.
I think she was trying to use some laymans advice for the common today show watcher. OK, counting the for sale signs is hokey. But bringing a contractor / inspector to examine the outside is a good idea.
The risk of buying a foreclosure is the drains are full of concrete and all the copper has been stripped.
-Mike
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