no-talking-0409.jpgThe 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


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  1. “I don’t “believe” the Time story as much as I don’t “believe” the Turner hyperbole as much as I don’t “believe”….you.”

    Hey that’s OK Prodigal Son it’s your world but I’m not trying to make this a fight.

    “Critical thinking is about making sense of a barrage of information and figuring a medium point where the truth lies.”

    Like telling everyone in ’05 we was going to have a Real Estate crash and no one believe me? Like calling the crash of fall “08 and where was the “critical thinking”???

    “Believing in absolute truth is dangerous, short sighted and naive. ”

    Well.. Here is a couple of truths. The US banking system is insolvent due to all the toxic garbage we sold people around the world. Our obligations to Social Security and Medicaid is underfunded! We have raging inflation and high unemployment. Asset values are CRASHING (Don’t believe the hype)! In 7 months all hell is going to break lose!!

    That’s what I call Critical Thinking…

    The What (7 months)

    Someday this war is gonna end….

  2. I was at a party last week and the topic (for a while) was real estate. But the tone was different from a few years back. It was about selling, renting, moving upstate, downsizing, how far the commute to Ridgewood is…

  3. I posted the Time link because it came up on a news search and it’s a little more credible than some crackpot holocaust denier’s blog – not that it’s an unquestioned source of truth. Speed is the enemy of truth so I wouldn’t want to throw out all old school journalism because “you can get it all real-time online”.

    The link to the 2005 cover the chicken is not surprising — just mainstream media covering the housing obsession. And they did have a story on “The Case for Renting.”

  4. What-

    I don’t “believe” the Time story as much as I don’t “believe” the Turner hyperbole as much as I don’t “believe”….you.

    Critical thinking is about making sense of a barrage of information and figuring a medium point where the truth lies. Believing in absolute truth is dangerous, short sighted and naive.

  5. Guys you need to get your arms around this thing! The US Banking system is INSOLVENT!! They know it and trying to come up with a solution to “manage” it. My opinion is someone leaked this memo and the Big Boys are going to front run it! The major banks have billions of off sheet liabilities (level 3 assets) and are holding them at par! When those assets start taking their marks all hell is gonna break lose. If you want to believe that Time story go right ahead at your peril…

    The What (7 months)

    Someday this war is gonna end…

  6. Chicken;

    I think you’re being unfair to Time. Remember their recent riveting cover story on why Kate Winslett deserves to win the Best Actress Oscar. I understand that they had to assign a whole team of reporters to unearth this story.

    Seriously, someone should take Time and Newsweek behind the barn and shoot them out of their misery.

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