US home sales declined 10.1% in Q4 2006? Portland sales up 11.2%. Or not?
According to this story in The Seattle Times.
Jon over at Rain City Guide posted about it, and then a hilariously sarcastic and entertaining comment dialog ensued. This began with a comment posted by Timothy Ellis of Seattlebubble.com.
This reminds me a lot of what I see on Yahoo equity (stocks) message boards. A lot of flame posts by longs and shorts. Mostly by shorts however, who are always trying to rock the boat and drive the stock price down. These people see themselves as the independent voice, the underdog. The boat needs to be rocked sometimes. It’s good for debate, for a reality check. Unfortunately, it’s also annoying.
The only complaint I have about bubble blogs (and loud shorts for that matter), is that they’re all about price, and outcome. They’re banking on a trend. In fact, they’re selling it. There’s no room for optimism in the equation - so it’s the unrealistic flip side of the bubble coin - “There is/was a bubble, ergo, we are the anti-bubble” - There’s no middle ground.
Apparently this frustrates people who make a living in the real estate economy. Go figure?
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