I recently published an article, "Waiting for Reward" about some analysts 2008 predictions on the real estate market. I reprinted it as my weekly column on our local online newspaper, Rocklin & Roseville Today.
One of the more popular and well done "bubble blogs" in the Sacramento area, Sacramento Land(ing), picked up the end of the article and published it under the heading "Price is King" along with some other news reports. Here is what was posted:
From Roseville & Rocklin Today: [N]o one knows for sure what will happen in the real estate market, here, California and beyond. In the Sacramento area, I believe we still have some pain to go through with the mortgage loan crisis and the general tightening of credit but hopefully most of that will be sorted out by mid-year. There are clearly buyers out there in our market and many of them appear to be watching very closely trying to time their purchase with what they believe is the bottom of the market...If there is any kind of firming of prices and some media coverage about "recovery" we may see a flood of buyers. Unfortunately for sellers that may not happen in 2008.
The comments are pouring in and include some pretty awful Realtor insults:
...this stuff pisses me off too, a lot. Not only does the media (and the industry) think we're stupid, they mock us for even trying to be prudent by waiting for prices to drop.
Yes, insult me, like that's gonna make me buy a house faster.
We're basically being insulted by the same cheerleaders who's previous advice (BUY NOW! BUY NOW!) would have landed us in debt - yet they think for some reason they still hold enough expertise to tell us what to do now? I find being told what to do in this manner insulting and I'm free to get pissy about it.
It is always a great time to buy a home, ask any realor. They just leave off the end of the sentance about WHO it is good for, and let you assume.
"Oh brother, here we go with the 'you're a realtor!'"
I didn't see anyone call you a Realtor. I implied you sound like one though.
The more the local papers pontificate about how "we're all sitting on the sidelines", the more I smile. At least now they admit they got my memo on their overpriced pieces of stucco.
I should have learned but I then made the mistake of responding. Never, never, get into a shouting match with people who log on using names like "patient renter," "diggin deeper" and "buyin time."
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