Real Estate ‘Insiders’ Forcasts … Dead Wrong for 2008
What real estate market insiders were saying to the public in December 2007 about the 2008 real estate market forecast.
What is really troubling is why these same 'experts' are again interviewed when their past housing forecasts were 180 degrees off. Well, I guess, sooner or later they will be correct! Most who purchased homes in 2008 have seen their equity erode. Here in San Diego, 2008 saw double digit home price drops.
Really, what do you expect an 'economist' working for an industry trade group to say about future trends?
[youtube]AHT5UwiYtDc[/youtube]
If you enjoyed this post, make sure you subscribe to my RSS feed!
3 Comments
Comments are closed.
I paid my home off in april 96k to get rid of my house payment. I am still glad that I did. The ole saying “I’m from the government, and I am here to help you”…….you better look out, there is a kicker in there somewhere.
San Diego Teeth Whitening Specialist
Economists are overrated academics who base their analysis on assumptions that the world is linear and if “A” happens, then “B” will be the consequence.
Orange Count Attorney
So how bad is it? I hear all these ramblings, fancy financial terms and so on. But what does it all really mean? Does the US collapse?
Las Vegas Attorney