Anthony Barba tips us that the Phoenix real estate market is going to get Drudged tonight. I’ll link to it when it happens…
Further notice: The article is up. The New York Times and it’s full of condescending errors: Hunt Highway is in Queen Creek, 45 minutes south and east of Tempe. A four-bedroom home is not a McMansion. I’ve always read Brewer-Caldwell as a scam operation. You cannot get $1,400 from a responsible tenant in the Phoenix. In any case, like much of Drudge, it more hat than cattle.
Technorati Tags: arizona, arizona real estate, phoenix, phoenix real estate, real estate marketing
Athol Kay says:
Really… I’m starting to wonder what the heck the bubble bloggers et al WANT. The worse the stories are the happier they are. Positive gleeful reporting that Home Depot may have to at some point in the future lay off tens of thousands of employees for instance as part of the great Bubble fallout. There is never any suggestion of ways to solve or soften the “bursting bubble”. No plan, no counterpoint solution, just “woe unto thee” over and over.
Or is all simply a sideshow attraction to host AdSense banners?
November 6, 2006 — 7:15 pm
Tom says:
Lets see after the election how the bubble bloggers react. My guess, if the Democrats do well there will be no need to talk down the economy (ala Clinton) and the prospects will seem ideal for a turn around. If there is a split or Republicans maintain control, the housing market will then spin out of control.
PS The article is up and although it is blustery in the beginning (it is the NYTIMES), the meat of it does not seem so bad. I would buy in Pheonix right now.
November 6, 2006 — 8:44 pm
John L. Wake says:
Tom, you’re a genius!
Greg, do you know of any new homes selling for $60 to $80 a square foot? Please email me right away! 🙂
November 6, 2006 — 11:55 pm
Anonymous says:
Really… I’m starting to wonder what the heck the bubble bloggers et al WANT.
To publish the truth.
What do you want (aside from making $ on home sales)?
November 7, 2006 — 5:14 am
mike says:
Really… I’m starting to wonder what the heck the bubble bloggers et al WANT.
To publish the truth.
What do you want (aside from making $ on home sales)?
November 7, 2006 — 5:15 am
Anonymous says:
More hat than cattle? Drudge is simply linking to a NYT artice. Sorry if the information he deems to be important doesn’t fit with your perfect (and profitable) view of the world.
As far as what the “bubble bloggers” want, is fair priced housing too much to ask so that young couples can settle down and enjoy the American dream? How about ending the practice of using the housing market as a leveraged casino so flippers and shills can make a fast buck? This country is experiencing a debt bubble that is over-inflating housing prices and it will likely have a very negative effect on the economy as a whole when it unwinds. Our advice of sitting tight and not buying in this inflated market is much more financially sound than your advice of running out and buying a propery so you can earn a comission.
November 7, 2006 — 8:44 am
Galen says:
This reminds me of the Onion’s take on the NYT Magazine: http://www.theonion.com/content/node/53194
November 7, 2006 — 9:34 am
Todd Tarson says:
>>As far as what the “bubble bloggers” want, is fair priced housing too much to ask so that young couples can settle down and enjoy the American dream?
Who decides fair?? In my practice, my clients decide that and have done so ever since I started in real estate. If you don’t think prices are fair today then please don’t buy… it is still YOUR decision.
>>How about ending the practice of using the housing market as a leveraged casino so flippers and shills can make a fast buck?
Buyers and sellers…. see above.
>>This country is experiencing a debt bubble that is over-inflating housing prices and it will likely have a very negative effect on the economy as a whole when it unwinds.
But you and your buddy Keith bought and sold property during the run up in prices and made some nice coin and didn’t bother disclosing to your buyers that the market would crumble. Yeah thought you didn’t have enough spine to tell the truth you are trying to tell today.
>>Our advice of sitting tight and not buying in this inflated market is much more financially sound than your advice of running out and buying a propery so you can earn a comission.
My commission has nothing to do with what my clients hire me for. If a buyer hires me to help him/her find a home and handle the transaction I get paid. If I don’t get hired… there is no commission. I don’t make the choices… the clients do… and always have.
November 7, 2006 — 2:29 pm
Jay T. says:
“As far as what the “bubble bloggers” want, is fair priced housing too much to ask so that young couples can settle down and enjoy the American dream? How about ending the practice of using the housing market as a leveraged casino so flippers and shills can make a fast buck? blah blah blah blah”
I spent a week in Bejing and Tianjin, China once. Everyone had a “house”. Most were made out of cardboard boxes, scrap metal and stolen chunks of brick, but hey everyone had a “house”.
Maybe Communism is the answer! No more bubbles, no more shills or flippers, no more commissions and everyone has an affordable house!
November 7, 2006 — 6:51 pm
robert says:
“If I don’t get hired…there is no commission”
I think that’s supposed to read…
“If they don’t buy….there is no commission”
November 8, 2006 — 8:43 pm
Athol Kay says:
It seems the bubble bloggers just have no ability to credit realtors with any value at all. So just go FSBO or buy without representation then, it’s completely your choice.
November 9, 2006 — 9:25 am
Anonymous says:
>>Who decides fair?? In my practice, my clients decide that and have done so ever since I started in real estate. If you don’t think prices are fair today then please don’t buy… it is still YOUR decision.>But you and your buddy Keith bought and sold property during the run up in prices and made some nice coin and didn’t bother disclosing to your buyers that the market would crumble. Yeah thought you didn’t have enough spine to tell the truth you are trying to tell today.>My commission has nothing to do with what my clients hire me for. If a buyer hires me to help him/her find a home and handle the transaction I get paid. If I don’t get hired… there is no commission. I don’t make the choices… the clients do… and always have.
November 9, 2006 — 12:19 pm
Shannon Hubbard says:
According to the NYT article, “Today, the number of unsold homes in the area has soared to almost 46,000 from just a few thousand in early 2005″.
I love how the media compares this year’s real estate inventory and sales to last year’s numbers in an effort to make it seem like the bubble is bursting. Will somebody please tell them last year was not a NORMAL year for AZ real estate!
November 9, 2006 — 5:58 pm