Tuesday, December 26, 2006

Another thing I don't understand

More from the Housing Bubble Blog. Todd Martin (some economist) in a linked article in the New Haven Register is quoted as saying, ‘We’ve seen a seller’s market turn into a buyer’s market very quickly.’

Now, we hear that a lot. It was a seller's market, it's now a buyer's market. But, really, does it have to be either? If the property values have only started to slide down, isn't it not really a buyer's market? I'm waiting until prices absolutely crater. It's a 'somebody else's money' market now, I'd think. If you're trying to sell in one of the regions that has started to deflate, your best bet would seem to be to get elected to office.

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