Real Estate: The New Obscenity?
The lead article in the real estate section of The New York Times this weekend attempts to make the case that real estate has gone from Topic No. 1 to Topic Non Grata in the last six months. Nobody wants to talk about it,” The Times quotes one hedge fund manager as saying. We’re not…
The lead article in the real estate section of The New York Times this weekend attempts to make the case that real estate has gone from Topic No. 1 to Topic Non Grata in the last six months. Nobody wants to talk about it,” The Times quotes one hedge fund manager as saying. We’re not so sure that’s the case. People may be acting more discreetly when they bring it up, but, in our experience, it’s still just as much on everyone’s minds as before, although now, instead of being obsesses with how much the value of their house has gone up, it’s all about how far the value has fallen. Have you noticed a decrease in the amount people are talking about real estate or just a different tone?
Don’t Even Say the Words [NY Times]
Photo by solupine
Does anybody still get their news from magazines anymore when you can get it all real-time online?
Thanks Prodigal Son,
I’ve no idea whether there is any truth to the story but figured that The What would come to it eventually – hence my getting it in there first.
Having said that, I don’t really put much stock behind TIME magazine either – the crack team that bought you this:
http://www.time.com/time/covers/0,16641,20050613,00.html
When something hits the cover of Newsweek you can be sure that its fully discounted by the market and its time to think contrary to the article!!!!
To be fair to the Chicken,I’d add that Time magazine as source should also be questioned. Time mag is in no position to claim the sky is falling but it is a bit more, um…balanced than Hal Turner.
slopefarm–your answer is far too reasonable for this thread! But yes, I would say that in my circle of friends there has been a similar progression. Most of us who were going to buy houses have done so and we all do have kids, which become topic number one generally. Now that the decisions have been made about what and where to buy, the importance of real estate as a topic of conversation has certainly dwindled.
Time mag is reporting “Stress Test Results: Most Banks Likely to Pass” so probably no need to run to your bank this morning.
http://www.time.com/time/business/article/0,8599,1892401,00.html
I figured the What would believe it. Critical thinking at its best.
“I agree that the source should always has to be considered when taking a view on the veracity of information but you also have to ask yourself whether you would be particularly surprised if the story turns out to be true?”
Chicken I told the retards on Brownstoner 18 months ago that the major Banks was insolvent (Go look for yourself). One retard told me to “stop spreading rumors” and now look what we got a big mess. That memo got leaked so the Big Boy can front run the May collapse! The funny thing is it’s very true! America’s Banking System is FUBAR!
The dumbasses don’t want to talk about Real Estate anymore. The collapse of the Mutant Asset Bubble is in full blast..
The What
Someday this war is gonna end…
“I agree that the source should always has to be considered when taking a view on the veracity of information but you also have to ask yourself whether you would be particularly surprised if the story turns out to be true?
Thats like saying, “yeah I know Adolf Hitler was an crazy despot but maybe he was right about those Jews.”
How stupid.
No, chicken. I question the source. ALWAYS.
It works both ways. When the NY Times runs some Barbara Corcoran fueled ass kiss piece on what a great time it is to buy right now, I think THAT is a bunch of bs just as well.
But Hal Turner? C’mon. Seriously?