Tuesday, February 26, 2013

Quick, buy a house before it is too late!

Subject: Quick, buy a house before it is too late!

Head of NAR (National Association of Realtors) admitted he is paid to rig the news and pump up forecasts for real estate. They did it before and now they are doing it again.


"I was pressured by executives to issue optimistic forecasts - then was left to shoulder the blame when things went sour. I was there for seven years doing everything they wanted me to. I worked for an association promoting housing, and it was my job to represent their interests. If you look at my actual forecasts, the numbers were right in line with most forecasts. The difference was that I put a positive spin on it. It was easy to do during boom times, harder when times weren't good. I never thought the whole national real estate market would burst."
After Mr. Lereah slithered away from his post he was replaced by the next snake - Lawrence Yun. He proceeded to put the best face possible on the greatest housing collapse in recorded history, assuring the public it was the best time to buy during the entire slide. Five million foreclosures later he's still telling us it's the best time to buy.

We are now expected to believe their monthly reports as if they are gospel. The mainstream media continues to report their drivel about the lowest inventory level in 14 years without the slightest hint of skepticism.

But there seems to be problem with this storyline. Existing home sales are falling. Even using the NAR seasonally manipulated numbers, sales in January were lower than in November.
So, with 9.8 million vacant housing units in the country and 1.6 million of these identified as for sale, the NAR and media mouthpieces have the balls to report only 1.74 million homes for sale in the entire U.S. This doesn't even take into account the massive shadow inventory stuck in the foreclosure pipeline.

Those trying to lure the gullible non-thinking masses into paying inflated prices for the "few" houses available for sale declare that existing home sales are up 50% in the last two years.

The contrived elevation of home sales and home prices has been engineered by the very same culprits who crashed our financialsystem in the first place.



Anonymous said...

John... Be careful with the headline... I am gullible enough to not know, not read, not think, not discern and... Go right ahead and seek to purchase a home...
In my community the local government has accelerated permits and housing PUDs are popping everywhere... Who is going to buy?? Maybe they are anticipating Nesara... Wouldn't that be a kicker???

Anonymous said...

Of course I lost my home in 2011 and I am angry but am feeling sorry for those that still work under those real scum masters in the background. Most of the time they just work for a paycheck and don't even know the real agenda behind what they are actually doing.