schmuck-06-2008.jpg
Well, leave it to Bob Toll to cast storm clouds over a Bloomberg news article that contains a slightly positive piece of news—the index of pending home sales rose 6.3 percent in April—about the national housing market. “What people are most scared of is looking like a schmuck,” said Toll, who believes the housing slump will last another two to three years, at a conference in New York last week. “What do I want to buy a home for and next year be looking at 10 percent less asset?” Economists, meanwhile, incorrectly predicted that the index of pending home sales would actually fall slightly in April. Either way, no one’s taking the news as a sure sign that housing is on the rebound, or that there’s going to be a substantial dent in the 5 million or so unsold homes on the market, or that the foreclosure rate is going to take a nosedive anytime soon.
U.S. Economy: Pending Sales of Existing Homes Unexpectedly Rise [Bloomberg]
Photo by david.


What's Your Take? Leave a Comment

  1. You lose since you actually came back to comment to me. and commenting on spelling errors is the first sign that you actually have nothing to say.

    You are so easily manipulated.

    And the vile crap you try to pass off as intelligence is rather laughable.

    – What, the stupid bxgrl

  2. You lose since you actually came back to comment to me. and commenting on spelling errors is the first sign that you actually have nothing to say.

    You are so easily manipulated.

    And the vile crap you try to pass off as intelligence is rather laughable.

    – What, the stupid bxgrl

  3. “You are belong in crazytown.”

    Oh hai. You can haz crazy?

    Actually, rabidly foaming at the mouth guest, almost no thought went into my comment at 12:00, because I am bright and well-educated, and not crazy, so I can produce a well-written, correctly punctuated post (with no typos) with little effort.

    Does it make you sad that no one on this site would invite you to their party? That we wouldn’t invite you to sit at our table at lunch? That, yet again, you are outside, left alone, an object of derision?

    You lose. You have been tagged out in our game of blog dodgeball. We hit you hard in the gut, and laughed when you tried not to cry. And also, you got your period in your white shorts and we are all laughing at you. You are just as shameful as you think.

    Now I am averting my eyes from you and your bitter, nasty, seething grotesque pervertedness.

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