Luxury Real Estate in the News 10/20

I have said it before and I will say it again – An ongoing issue in the real estate market as far as I am concerned is the continuing efforts of certain sections of the real estate business, government and news media to “talk up the market,” presumably in an effort to get things moving again. Personally, I think this is a mistake and is actually having the opposite effect. Persuading the sheeple to buy, buy, buy, before they get priced out of the market!! is not the problem. Persuading the banks to lend, lend, lend!!! is the problem, and the banks are foreclosing, foreclosing foreclosing!!!! at the moment.

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