Meet George Thrush, Part 6 -- coping with the current market

[YoChicago1]

Pay close attention - a 21 year old and a guy with an obscene name are sharing their accumulated wisdom on the housing market.

[damonbots]

"Everybody's talking about a credit crunch. I mean I don't know what the hell they're talking about"

This guy should be a stand up comedian! Keep on whistling past the graveyard. How are those sales doing?

Sinclair's principle:

"It is difficult to get a man to understand something when his salary depends on his not understanding it."

[anurhythm]

This video has no analysis, it's just opinions, and from builders no less. The suggestion that it's better to buy now when house prices are at an all-time high and declining because rates are going to go up in the future is absurd: if rates go up, housing prices will have to come down even further. Don't believe me? Check into the housing situation in California during the early 90s. It was a stinkin' bloodbath. And everyone mumbles about how "real estate can only go up."

[YoChicago1]

Well, when you've done hundreds of millions of dollars in real estate deals and built thousands of homes over more than 40 years you learn a few things.

What's your track record, progmac?

[progmac]

There are no hard numbers, no statistical support, no evidence whatsoever to back up their blow-hard commentary (thanks ex-nnvmtgbrkr from hbb).