Blame the Media
A few of the Realtors of that I have spoken to are both cognizant and dismissive of the real estate bubble and have suggested that the media is at least partially to blame for the bubble talk. (Likely instead of all the open house signs on seemingly every corner for the past 12 Sunday.)
From Business Week
Snip…
“Some of these realtors I spoke to were looking to blame the inevitable cyclical nature of real estate on something. Many of them are coming off their best year ever in the residential real estate business, but they seem to have forgotten that like stocks, real estate goes up and down. When business gets tough, that’s when it is time to start thinking out of the box and get creative.”
Full article…
From Business Week
Snip…
“Some of these realtors I spoke to were looking to blame the inevitable cyclical nature of real estate on something. Many of them are coming off their best year ever in the residential real estate business, but they seem to have forgotten that like stocks, real estate goes up and down. When business gets tough, that’s when it is time to start thinking out of the box and get creative.”
Full article…
posted by Little_Silvered at 2:10 PM
4 Comments:
Well we could blame the media for the way up also, all the talk of bidding wars, values soaring , helped this move in the up direction, this bubble talk will help with the down direction
Anyone watch "Close to Home" tonight - great story about the crooked real estate, appraisal, and investor scheme! It has made a prime time television show!
bh
Anyone familiar with the market around Freehold? Drove through there last night. Lots of for sale signs at the entrances to a couple of smallish (not brand new) subdivisions. Seems worse than here in Red Bank, Little Silver/Oceanport. The thing I'm really curious about, re the outskirts of Freehold, is that there are some brand new developments, some homes not finished yet, with really, really huge McMansions. I wonder what will happen to those places? Can't believe there is a sufficient market for all those giant homes in that area, but maybe I'm wrong (I'm not from around here and have only been here for 2 years).
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