POTENTIAL HOMEDEBTORS - FOR THE LOVE OF GOD AND ALL THAT IS HOLY, DON'T EVEN THINK ABOUT BUYING A RAPIDLY DEPRECIATING HOME. THIS MARKET CRASH WILL TAKE YEARS TO PLAY OUT
-Sincerely, your friends at LawrenceYunWatch
Thursday, July 26, 2007
Lawrence Yun says potential homedebtors are getting "mixed signals, causing them to hesitate". Let us help clear that up.
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Of course they're getting mixed signals. On one hand, people are more and more hearing the truth about the market. On the other hand, you have liars such as the NAR telling you that everything is fine and to buy even in a crashing (or as they call it a "softening") market.
This is a classic obfuscation technique (a red herring of sorts), in which the ones complaining about a certain problem are THEMSELVES causing the problem. It's like someone peeing in the pool, then that same person complaining that the pool is dirty because someone peed in the pool.
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