Dontcha just love it when you read how dumb some advertisers are? The National Association of Realtors has just created a first-of-its-kind campaign, running in the Wall Street Journal and USA Today which declares that “It’s a great time to buy or sell a home.” Considering that nearly everyone is predicting that house prices will continue to fall for the foreseeable future, I have a feeling this is going to be as effective as all those anti smoke/booze/drugs ads aimed at teenagers. According to the president of the realtors trade group, Thomas M. Stevens, members are saying, “God, we are getting beat up out there.” Well, all I can say guys is, I hope you socked away some of those obscene profits you’ve been making for the last few years, ‘cos it ain’t going to be like that again for a very long time! As an ex Secretary of the Treasury said a couple of years ago, before he got fired for not toeing the Bush/Cheney fiscal line… “Sometimes things go up, sometimes down. That’s capitalism!” You got that right.
Last year this Bel Aire mansion was $10 million. This year I can get it for you for $7 million!
George you have this one very right. When I can read news stories of the expanding list of homes now owned by the banks and hear mounting stories from real estate agent friends about no sales and no ideas, you see the real picture. Number one son has been making two house payments for months and no one in Oklahoma City even looks at his $225,000 house. All of this should give you a good picture. The National Associaton of Realtors needs a new ad man or chick.
Posted by: Roy | November 4, 2006 8:24 AM | Permalink to Comment