Monday, January 4, 2010
I re-read this article today from Dr. Housing Bubble again. If you're considering buying a home in Orange County California, I highly recommend it to you.
I think it's interesting to consider such an article when laid next to the very recent views (January 2010) of realtors like this one, who has stated he believes that home prices will increase 7.5% in Orange County in 2010.
I'm not saying prices won't increase by 7.5% in Orange County. However, given the long laundry list of suspiciously errant opinions on the direction of the housing market in California over recent months, I think the Orange County register needs to demand evidence and facts, not just subjective stated opinions of realtors. I don't care if a realtor has been in his/her profession for 17, 20 or even 2 years. Answering the "what" question is not good enough. Let's start demanding that the "why" questions be answered as well.
What evidence suggests to us that the Orange County residential housing market will increase by 7.5% in 2010? I just don't see it.
Posted by Markus Arelius at 1/04/2010 10:06:00 AM
Labels: orange county housing crash, Realtors have no shame. Realtors want their 6%. Get off the fence and buy a home, schedenfreude