I have been listening to the spin by NAR spokesman David Lereah. The contradictions are nothing sort of amazing.
In Looking for a Bottom on November 11th the Chicago Tribune quoted Lereah as saying:
1) “We need a price decline, we were overbloated”2) “In 2007, it will be a flat year, maybe 1 percent [sales] drop, and that’s it,” “After 2007, we’ll be back to expansion again.”
Which is it, #1 or # 2? Or are we supposed to believe a 1% drop cures overbloatedness? Even if anyone was stupid enough to believe that a 1% drop cured overbloatedness exactly why wouldn’t […]
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