fencerider2
05-02-2007, 06:34 PM
I don't disagree with this statement one little bit.
Oh by the way, Lereah found his bottom outside the door at NAR, he's history.
http://www.fool.com/investing/general/2007/05/01/lipstick-on-the-housing-pig.aspx
"Now that it's becoming clear that a pulse doesn't guarantee cash flow, lending is getting a bit tighter, and with the mainstream media reporting on the awful fallout, there are fewer and fewer suckers out there willing to pay two or three times equivalent rent to get in on "the American dream." This isn't a buyer's market yet. Just wait until the crummy loans of the last couple of years reset in 2008. Then find a property you like, and make a bid at 20% less than list."
Oh by the way, Lereah found his bottom outside the door at NAR, he's history.
http://www.fool.com/investing/general/2007/05/01/lipstick-on-the-housing-pig.aspx
"Now that it's becoming clear that a pulse doesn't guarantee cash flow, lending is getting a bit tighter, and with the mainstream media reporting on the awful fallout, there are fewer and fewer suckers out there willing to pay two or three times equivalent rent to get in on "the American dream." This isn't a buyer's market yet. Just wait until the crummy loans of the last couple of years reset in 2008. Then find a property you like, and make a bid at 20% less than list."