Beware the Cheerleaders
Despite the overwhelming evidence showing that the real estate bubble has popped and that price declines still have a ways to go, you will inevitably come across real estate cheerleaders. Now I don’t mind it when lay people make a case for buying real estate now. When professionals dishonestly or ignorantly try to convince us that now is a good time to buy real estate and the worst is behind us, I take exception.
Take for example Connie Degroot, a Beverly Hills realtor. Thankfully Peter Schiff sets the shyster straight. The problem is there are more Connies out there than Peter Schiff’s.
Hat tip to Chris over at the Housing Panic Blog.
Real Estate Cheerleader
Notice at the end of the video, our realty cheerleading friend is so shook up she forgot she was a realtor. She states “I’m not selling anything”. Oh yeah, what did we just watch? Style over substance. What do you expect from a Beverly Hills realtor?
Here is another cheerleader to be wary of.
As usual, out of touch with reality. The antidote to accepting bad advice from cheerleaders is knowledge. Steer clear of mainstream news sources. Dig a little. Look for opposing view points. Then make your decisions.