Yeah… seems about right.

People who watch football games are just waiting for the final score, but enjoy watching the action while it happens.

The action of the game is much of the excitement, and the same reason that people will watch tivo’d matches or reruns of games. To say that watching the blow-by-blow is not interesting because you already know the ending score is missing the point of the sport.

To see the offense of the NAR “economists” and NAHB against the defense of reputable and believable economists is every bit as entertaining to me even though I know how it’s going to end.

Gives us something to do while we wait for homes to become affordable again so we can buy.

Chuck Ponzi

I suppose the real question is whether these people are zealots or morons; genius is not one of the viable choices.

well maybe not, I underestimate the power of rationalization at times…

There are similar people in the realm of politics. Does anyone think Ann Coulter has a soul? It has to be difficult to spout hate-filled rhetoric 24/7.

A co-worker of mine used to work at Enron (fairly high up actually). He told me Jeff Skilling still doesn’t think he did anything wrong and that Enron would still be in business if they had been given some more time and credit. I suppose anyone running a Ponzi scheme feels the same.

the irony is half the RE people in this world prolly admire him for moves like this. i dont think people realise how structurally hard it is to do anything with single units unless you feel confortable fielding phone calls about clogged toilets and random cars in assigned parking spots… unless you’re a grinder stick with the stock market…

He is paid to help sell real estate and he does it. Quite effectivly.

Its funny but sitting on the sidelines waiting this out. We need the help of the strong hands to keep things from getting too inflationary or will be looking at even worse situation in short order.

What fun

Are you people familiar with the expression “A watched pot never boils”? Of course the pot will eventually boil, but you’re wasting your time standing over it waiting.

The Editor’s note is especially humorous-What exactly is NAHB Economics?!

February 21, 2007

A report issued by the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) today puts builder confidence at its highest point since June 2006, with the index rising from 35 in January to 40 in February.

Although builders are still cautious and are watching their inventories carefully, “The HMI results are consistent with Federal Reserve Chairman Ben Bernanke’s assessment to Congress this week that there are signs of stabilization on the demand side of the housing market,” according to NAHB Chief Economist David Seiders. Sieders went on to say that the recent downslide in homes sales is “now in their rear view mirrors”.

This is great news for Santa Clarita builders, with many new home developments opening their doors this year.

EDITOR’S NOTE: The NAHB/Wells Fargo Housing Market Index is strictly the product of NAHB Economics, and is not seen or influenced by any outside party prior to being released to the public.

I’m sure he makes waay more than high six-figure income… but, the potential (and all but given at this point) loss is chump change he gets by maintaining his story.

I say he’s either a genius or a friggin’ moron.

True, but DL gets paid big bucks to keep up the charade. And I don’t mean the NAR. I mean the book deals, speaking engagements, etc. That’s where he has to maintain the facade of “why the housing boom will not bust” and all that garbage. Would I be willing to lie for $15MM? Dang, that’s a moral dillema. It seems everyone has their price. His just might be lower… of course he could rationalize it if he’s just playacting.

Chuck.

a. he is a flipping hoar with terrible timing

b. he doesnt know how to use basic functions in Excel such as =pmt(), =ipmt() or even =sum()

dios mio !

Is lying the sign of genius? Or is it just the sign of a lack of moral and ethical standards? Baghdad Bob had to lie or he probably would have been killed, at least you can’t fault him for trying to save his own life. Liarrhea on the other hand…

You need people to believe the hype. I guess PT Barnum was right… there is a sucker born every minute.

Meanwhile, the traffic is worse in the SFV than one could imagine 50 years ago too. Soon, that will be the case for the entire southland area and then where do we go? Next stop Victorville! and Adelanto. Have you seen how they’re building out there? It’s like Palmdale/Lancaster a la 1990.

Chuck

Do you remember a few years ago when the SCV was considered sticksville? I do. When I moved there in 1999, it was basically a truckstop on the way to NoCal. A place to pee and gas up, maybe buy some twinkies.

Now, Valencia is more expensive than Laguna Niguel. Desert hill view more expensive than ocean view. That’ll boggle the mind.

Chuck

Till we get burned badly enough then people will wake up.

Or perhaps we are becoming the third world. Haves with property and have nots without. Garbage strewn streets and decaying civil rights… loss of opporitunity.

that might be the answer too Ponzi. We just noticed our transformation to a third world nation.

uhhggg..