Dude, when you find yourself in a hole, quit digging. Just shut up.
Don't say another peep.
Every time you open your yap, you just make it worse.
So don't. Really.
Here's an example of spin, stupidity, lies, distortion and, well, just outright laughable idiocy from Mr. Yun, on current rising home prices (really, he said it):
"We continue to experience a temporary distortion in comparing median existing home prices’, said Yun. ‘Because the sales volume has shifted from many high cost areas to moderately priced markets, we’re not getting a true apples-to-apples comparison. When you look at other measures, such as this week’s price index from Freddie Mac which is based on repeat sales, overall home prices are rising slowly.
Spooky.
1 comment:
He does have a point, but that (i.e. repeat sales of the same homes) is the entire rationale behind the Case-Shiller home index which, I believe, still shows downward pressure on home prices.
Post a Comment