Today’s Headlines

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  • shamelessly

    Just have to point out that the guy saying there’s no housing bubble is employed by the National Association of Realtors, which is the last group of people that wants there to be a housing bubble. More than a whiff of motivated reasoning there.

  • GregKamin

    Wait, so your argument is that those who make a living from RE inflation do not want RE inflation?

  • shamelessly

    No, my argument is that they want to reassure all their potential customers that housing prices are not set to drop or stabilize; they want people to believe that prices will rise forever, so there’s never a bad time to buy. If people step back and decide to wait, RE agents don’t make sales. And if people think there’s a bubble, they’re more likely to step back and wait.

  • GregKamin

    Well, historically, there never has been a bad time to buy. Even those who bought in the summer of 2007 are well ahead now.