Wednesday, August 13, 2008

I'm Bored

Well, I'm not really bored generally speaking since work and life are very busy. I am bored of following our real estate market. It just seems so fatalistic at this stage of the process. We've seen this happen before in a myriad of places at many different times.
  • Inventory rises amidst general exuberance about real estate
  • Sales fall amidst claims of a 'seasonal' slow down
  • Prices stagnate with claims of a rebounding market in the fall/spring/summer whatever
  • Developers slash prices and introduce sales incentives with the general populace in denial
  • Prices fall modestly as some sellers who must sell come to the realization that price matters!
  • Inventory rises further and sales fall even more as the general public becomes aware that real estate does not always go up in value.
  • Prices fall dramatically.
  • Eventually people will avoid real estate investing and discussions like the plague.
The script has been written, auditions are complete, the set is ready, everyone is in place, quiet on the set and 'ACTION!'

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