The chief economist for the National Association of Realtors published this book in 2005 - just months before the peak in real estate prices.
They are now busy trying to find a way to put all their members back to work - otherwise there will be no association soon!
When a realtor speaks economics but doesn't understand that a property is nothing more than a leveraged investment, the result is no different than CNBC "talent" discussing the merits of the stock market.
These are the types of signs that tell you when it's actually better to keep your savings in a mattress!
2 comments:
I see that theyre gettin a lot of angst at anybody who has anything negative to say about the year end numbers on one of those other Hobo realtor sponsored blogs.
That will teach her for impersonating me. However, I also don't think they understood her point to begin with.
Post a Comment