Even the National Association of Realtors finally gets it – just don’t tell that flack economist they use for press releases

Closer to the bottom of the market with each passing second

The current issue of NAR’s magazine, usually consigned to the bathroom reading material bin, is almost entirely devoted to the collapsed real estate market. Under the heading “A Clean Slate” the magazine offers articles on short sales, REO’s (bank owned properties) and even depression, that of sellers and agents themselves. Hmm.

Discussion among my peers on today’s open house circuit (which offered nothing notable) was how much the market sucked. Hmm again.

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5 responses to “Even the National Association of Realtors finally gets it – just don’t tell that flack economist they use for press releases

  1. FlyAngler

    Chris – What’s with the “hmms”? Are you suggeting that the NAR and your fellow Realtors might now be a contra-indicator signifying a bottom is coming or here? Is this the equivalent of “Buy Stocks” appearing on the cover of Time Magazine?

    Some smart Wall Street money is investing that way – the same type of folks who were shorting RE through MBS back in 2006-07.

  2. Anonymous

    Here’s a cure for your blues, cheer up, eat your ‘shrooms!
    http://www.economist.com/blogs/theworldin2012/2012/01/depression-and-psilocybin

    • Bill Wilson, founder of Alcoholics Anonymous, tried LSD to treat his own depression. I never heard that it worked but then, maybe AA wouldn’t want to publicize a good result for an illicit drug (although I believe Wilson was using the stuff way back before the feds labelled it illegal).

  3. AJ

    Psilocybin is pretty mild stuff, nowhere near strong enough for the
    coveted death of the ego. What you’re looking for is the ’68 – ’70 industrial
    strength Orange Sunshine. Within seconds you’ll be transported to
    ancient Egypt and dancing with the sphinx, within minutes you’ll be in a
    far corner of the universe conversing with winged monkeys, then after
    walking through a thousand dead bodies feeding on each other with
    incredibly long teeth…. Just remember the part of the Bible where if you
    happen to meet the devil and he tells you can fly, tell him to take a hike
    and you may just survive. Twenty hours later you’ll come out the other
    side alive but not unscathed. At least, that’s what I heard.

    Where have all the good chemists gone? Berkley? Who knows. But for
    those of you who’d like to experience heavenly apparitions without putting
    yourself at risk, may I suggest the writings of Buba Free John, a.k.a.
    Heart Master Da, and a whole bunch of other names, available from Dawn
    Horse Press. His writings are truly hallucinogenic (for real). Just
    remember when he refers to his self, it’s not the egotistical self, but the
    hand that cannot grasp the hand, the eye that cannot see the eye, blah,
    blah, blah. Apparently he now calls himself Avatar Adi Da. Here’s the
    Dawn Horse site: http://www.dawnhorsepress.com/

    For the story of the US Government and their typically creepy involvement
    with LSD watch the ABC News Documentary “Mind Control” here:
    http://www.hermes-press.com/mind_control_2009.htm

    Hmm, very interesting.