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not worth the read... kid went to work in mom and dad's mortgage business. and that makes him a freaking economist?
In other words, you can't necessarily discredit what he is saying, so you discredit him? Where does he claim to be an economist? BTW, it doesn't take an "economist" to observe the obvious.
As this interesting time in housing continues, it becomes more and more clear how I sold before the bubble, and bought so much at the bottom, and have now made and will continue to make so much money: My compitetion, people like Yupsuck and tanyerbottom are so much less intelligent than me!
thanks for being you, it makes being me easier!
You can enjoy your success and make your points Roberto, but there's no need to be an asshole about it. Buying a bunch of cheap homes in Phoenix doesn't magically transform you into a raging intellectual. You might be, but not for that reason.
As far as the hysterical shrieking of Robertoaribas goes .. always consider this....
"Opinions founded on prejudice are always sustained with the greatest violence"
Oscar Wilde
I believe that my 144 IQ would trounce you.
Roberto is in it too deep to have an open mind. If he had an open mind he wouldn't be able to sleep at night.
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http://loganmohtashami.com/2012/06/11/orange-county-ca-housing-inventory-ghost-town/
This post, somewhat ironically coming from a loan officer in Orange County, CA, is several months old, but remains equally relevant today and succinctly explains the completely dysfunctional real estate market of 2012.
#housing