If I’m a “wimp/coward” who won’t stand behind the statement, why would I bring it up again? I am man enough to decline playing your juvenile (and illegal0 game, and man enough to quit arguing with a hysterical chatter. You can keep yelling, but my position is firm. One more time:

There is no Alt-A usage in 94301.

The realtor’s message is essentially:
- Sell now before prices drop!
- Buy now before interest rate rises!

Both of these positions are contrary to my views, yet the 3 stooges here (Pralay, madhaus, anon) keep cooking up the nonsense that I am a realtor. Each time you show them the facts, they say “Ah ha, you say you’re not a realtor, so you must be one!” Go figure.

The financial crisis and subsequent “fixes” will likely cause one or more of the following in 2009:
1. a national recession which includes Silicon Valley
2. higher interest rates due to a credit crunch
3. higher interest rates due to a surging economy resulting from excess liquidity currently being pumped into world financial markets
It is our belief that one of the three scenarios above will happen regardless of how the financial crisis is resolved, and that it will cause local real estate to be a buyer’s market in 2009.

http://www.burbed.com/2008/11/21/riddle-me-this-how-is-this-house-near-santa-row/#comment-32532

The only thing remarkable in this realtors opinion, is its utter senselessness. Recessions don’t create higher interest rates, which he seems to be predicting, nor does a excess liquidity cause higher interest rates. Just another reason to avoid real estate agents advice.

Rates dropping, in this economic climate, would not surprise me, although 4% seems unusually low. If mortgages are 4%, the discount rate would be negative.

I still have $100 outstanding with burbed waiting to call him on that, and he isn’t man enough to back up that claim.

What do you call a wimp who makes unprovable claims, gets publicly called out, runs away like the coward he is, and then continues making them?

Oh yeah. A lying liar.