[bumpercar]

So save your generalist vitriol. I presented his full quote so what wordsmithing are you referring to? Molony's statement was classic Madison Avenue allusion and apparently it still works on the non-thinking among us.

Originally Posted by olecapt

Uhh and of course he added "and it can never go down in the future"

You are word smithing worse than NAR does. He made the true statement that there had not been a year to year price drop on a full year basis. He then added that it had happened for six months. So He quite correctly observed that it could happen.

Any you read that that he meant it could not happen.

If that is the best you can do I hold to my initial view. You guys lie vastly worse than NAR. You ascribe to them things they never said..and in quotes.

I trust the list notes that truth is not high on your list...

[SHEPNYC]

Originally Posted by Chest Rockwell

Its funny that the federal gov't will bail out huge financial corporations but not individual homeowners. If only there were a homeowner's lobby in Washington DC!

If the federal government hadn't bailed Bear Stearns, there could have been a run on the banks. The reprecussions throughout the economy would have been disasterious for the stock market and the economy as a whole.

Remember those big bad corporations employ a lot of people. Think about the effects on Las Vegas if MGM and/or Ceasars went bankrupt.

The government bailed out Chrysler in the 1970's and unfortunately a big corporation will always be more important to save than an individual homeowner.

[olecapt]

Originally Posted by bumpercar

So save your generalist vitriol. I presented his full quote so what wordsmithing are you referring to? Molony's statement was classic Madison Avenue allusion and apparently it still works on the non-thinking among us.

You enlisted. I know who wrote what. I was referring to your contention that this was close to or easily misunderstood to mean "RE never goes down". What he said was precisely the opposite and he cited an example.

Wordsmithing implies picking your words to imply that which is quite untrue...and you did.

[bumpercar]

And somehow that is "precisely the opposite" of never going down? You are precisely using the word precisely wrong.

I didn't pick his words, he did. It's his quote. Drawing conclusions and opinions about another person's quote is not called wordsmithing. It's called drawing conclusions and opinions about another person's quote.

Originally Posted by olecapt

You enlisted. I know who wrote what. I was referring to your contention that this was close to or easily misunderstood to mean "RE never goes down". What he said was precisely the opposite and he cited an example.

Wordsmithing implies picking your words to imply that which is quite untrue...and you did.

[dude66]

It's difficult to trust realtors when David Lereah of the National Association of Realtors was spewing this garbage just a few years ago:

"...housing activity will remain healthy for some time to come."
- David Lereah, NAR’s chief economist, October 28, 2005


“The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.”
- David Lereah, NAR’s chief economist, August 2005


Well we all know how THAT turned out. What a charlatan.

He also did a Powerpoint presentation in 2005 which specifically mocked the "chicken littles" who were saying home prices would fall:

chickenlittle.jpg (image)

Considering how wrong he was... considering how fast and furious the housing market has unwound -- and thus invaldiating everything Lereah EVER SAID -- give me a good reason why should we trust a realtor?

[olecapt]

Originally Posted by bumpercar

And somehow that is "precisely the opposite" of never going down? You are precisely using the word precisely wrong.

I didn't pick his words, he did. It's his quote. Drawing conclusions and opinions about another person's quote is not called wordsmithing. It's called drawing conclusions and opinions about another person's quote.

It is attempting to read into a statement that is clearly the oppsite of what he said. That in my mind is the worse kind of wordsmithing. "He did not say it but I will claim he did." "Or they he implied it" "Or the poor consumer could have been mislead" "Or some poor person in rural Indiana with an IQ of 75 may have misunderstood". That is wordsmithing on your part..

What he said was also historically correct I think. At that point yoy numbers had been down for sixth months in 48 years.

I would think it remains a relatively low probability in any year if for no other reason than inflation. But there will be the rare exception such as the one at the moment.

[olecapt]

Originally Posted by dude66

It's difficult to trust realtors when David Lereah of the National Association of Realtors was spewing this garbage just a few years ago:

"...housing activity will remain healthy for some time to come."
- David Lereah, NAR’s chief economist, October 28, 2005


“The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.”
- David Lereah, NAR’s chief economist, August 2005


Well we all know how THAT turned out. What a charlatan.

He also did a Powerpoint presentation in 2005 which specifically mocked the "chicken littles" who were saying home prices would fall:

chickenlittle.jpg (image)

Considering how wrong he was... considering how fast and furious the housing market has unwound -- and thus invaldiating everything Lereah EVER SAID -- give me a good reason why should we trust a realtor?

You are all continuing to duck the issue. You collectively have made the charge that Realtors claim the Home prices never go down.

You attempt to support that apparently by proving that the NAR economists have said dull things. I agree. The NAR economists have and will again say dull things.

But you still have no source for the base charge. Realtors do not, have not and will not claim RE prices always go up. There are and have been dozens of incidents where that has proven untrue over many years.

But you doomsayers propogate that vicious smear as gospel. I call you on it and you want to change the subject.

Having by now beaten a path through every known channel where you might find such a quote those of you who have an honest bone left should admit that it is in fact a lie.

Having

[bumpercar]

You can't seem to grasp selective context and allusion. The guy said prices had only gone down once in 40 years. What he didn't mention was that prices had never risen as quickly in those 40 years or that income and rent ratios had never approached those levels in those 40 years. Nope, he just says prices have only gone down once in 40 years. A floating statement with no context or meaning other than the meaning he intends to misrepresent in the mind of the listener. Then he talks nonsense about inventory and supply and demand, neither of which had any relevance to the housing and credit bubble.

NAR isn't stupid. They're just like any other self-serving propaganda organization. I gotta hand it to them though; any organization that can get blatantly monopolistic policies passed as the law of the land has their act (or should I say PAC) together.

Originally Posted by olecapt

It is attempting to read into a statement that is clearly the oppsite of what he said. That in my mind is the worse kind of wordsmithing. "He did not say it but I will claim he did." "Or they he implied it" "Or the poor consumer could have been mislead" "Or some poor person in rural Indiana with an IQ of 75 may have misunderstood". That is wordsmithing on your part..

What he said was also historically correct I think. At that point yoy numbers had been down for sixth months in 48 years.

I would think it remains a relatively low probability in any year if for no other reason than inflation. But there will be the rare exception such as the one at the moment.

[olecapt]

Originally Posted by bumpercar

You can't seem to grasp selective context and allusion. The guy said prices had only gone down once in 40 years. What he didn't mention was that prices had never risen as quickly in those 40 years or that income and rent ratios had never approached those levels in those 40 years. Nope, he just says prices have only gone down once in 40 years. A floating statement with no context or meaning other than the meaning he intends to misrepresent in the mind of the listener. Then he talks nonsense about inventory and supply and demand, neither of which had any relevance to the housing and credit bubble.

NAR isn't stupid. They're just like any other self-serving propaganda organization. I gotta hand it to them though; any organization that can get blatantly monopolistic policies passed as the law of the land has their act (or should I say PAC) together.

And you simply refuse to admit that the flat out lie is a lie. Right up there with Goebels. Repeat the lie enough it becomes fact.

What the guy did was harmless. He pointed out, correctly, that the national market over a long time frame has marched primarily upward. But He knew, and every thinking person knew, that locallly there had been innumerable times and places where RE went down substantially year over year. In many cases it was close to permanent. ie There is a poster here with River front property on the Mississippi that has been losing value for some years. And selling at all in MI is an extremely difficult task even if you own the house outright.

So you doomsayers push these idiots positions as if they are Gospel and then retreat behind harmless hyperbole when challenged.

Face it. It is an outright and obnoxious lie. Competent Agent do not use such appeals and your brainless insistence upon the truth of the statement tells us more about your lack of intellect and/or ethics than anything else.

[bumpercar]

And be specific. And ethics - what are you even talking about?

Originally Posted by olecapt

And you simply refuse to admit that the flat out lie is a lie. Right up there with Goebels. Repeat the lie enough it becomes fact.

What the guy did was harmless. He pointed out, correctly, that the national market over a long time frame has marched primarily upward. But He knew, and every thinking person knew, that locallly there had been innumerable times and places where RE went down substantially year over year. In many cases it was close to permanent. ie There is a poster here with River front property on the Mississippi that has been losing value for some years. And selling at all in MI is an extremely difficult task even if you own the house outright.

So you doomsayers push these idiots positions as if they are Gospel and then retreat behind harmless hyperbole when challenged.

Face it. It is an outright and obnoxious lie. Competent Agent do not use such appeals and your brainless insistence upon the truth of the statement tells us more about your lack of intellect and/or ethics than anything else.