Comments on: FHA calls real estate market’s future “incredible” – overstatement?

By: AgentGenius

AgentGenius — Wed, 19 May 2010 04:22:45 +0000

#agnow I agree with Stevens that the demographics, in favor of a long-term housing increase are "incredible". Gen ... http://bit.ly/bZ5ZJW

By: Brian Brady

Brian Brady — Wed, 19 May 2010 00:22:43 +0000

I agree with Stevens that the demographics, in favor of a long-term housing increase are “incredible”. Gen Y is a HUGE market and they are perfect home buyers. GenY are “solid citizen” types, more like their grandparents (WW2 generation) than their parents (Baby Boomers). They generally prefer safety over risk taking and see themselves as the optimistic answer to today’s problems. You really can’t find a better bunch of home buyers than that.

Lani, here is another reason why I’m optimistic on real estate (take this the right way); you, and others aren’t. I’m a contrarian. I watched agents and originators touting real estate while I was cautioning of the skewed price/income ratio (2005-6). Because of that unbridled exuberance, I knew we were in for a decline; I had no idea it would be as severe as it has been.

Agents and originators are shell-shocked and scared to hang onto anything positive. We could very well be in a short-term pickle, with a possible currency collapse but, long-term, Commissioner Stevens’ comment is on the money.

Now, if that really was Commissioner Stevens, I’d advise him to craft more measured blog comments (rather than calling this blog “anti-genius”). That sort of comment reveals frustration, not confidence. You’re better than that, David.

By: Andy Theobald

Andy Theobald — Sat, 15 May 2010 09:21:39 +0000

Did the commission of the FHA really comment on a blog post that criticized his speech to the NAR midyear conference? - http://bit.ly/a7Qthp

By: AgentGenius

AgentGenius — Sat, 15 May 2010 04:32:59 +0000

#agnow Seems Lani struck a nerve there! I commend David for commenting. Controversey is not necessarily bad. It get... http://bit.ly/bZ5ZJW

By: AgentGenius

AgentGenius — Sat, 15 May 2010 03:43:33 +0000

#agnow It doesn't take much to see incredible after the run we've had these past several years, but I applaud Lani ... http://bit.ly/bZ5ZJW

By: AgentGenius

AgentGenius — Sat, 15 May 2010 03:25:57 +0000

#agnow Is what we saw the last couple years considered a rally though and is it something that we really want to se... http://bit.ly/bZ5ZJW

By: AgentGenius

AgentGenius — Sat, 15 May 2010 03:25:30 +0000

#agnow My 2 cents on Steven’s BS: There are presently 3 primary solutions to stability in the housing industry... http://bit.ly/bZ5ZJW

By: LAO - Orange County

LAO - Orange County — Sat, 15 May 2010 03:03:58 +0000

“incredible,” don’t u really mean “uncertain”? @agentgenius http://bit.ly/bHnAgb

By: Erica Ramus

Erica Ramus — Sat, 15 May 2010 00:32:58 +0000

Seems Lani struck a nerve there! I commend David for commenting. Controversey is not necessarily bad. It gets people thinking and talking and thinking and … at least we’re not sitting with the status quo and lamenting how bad it is out there! Debate away.

I think the choice of words was pretty strong. Nobody here is plugging the “all bad news all the time” channel. It is up and down, just like any market report.

By: Benn Rosales

Benn Rosales — Fri, 14 May 2010 23:43:32 +0000

It doesn’t take much to see incredible after the run we’ve had these past several years, but I applaud Lani for continuing to raise the issue that we still need action in the housing market from the administration. Cheers to David for commenting, and the snide remarks aside, I hope that Dave sees that we’re actually on the same side. If you want that incredible market to come then we cannot continue to ignore the elephants in the room- Fannie, Freddie, & Foreclosures oh my…