Comments on: Lawrence Yun on the Current Market

By: Steve Simon

Steve Simon — Sat, 30 Aug 2008 19:16:43 +0000

This is only my opinion and I am entitled to it:
I think this fellow yun is either paid so well he will just say anything that his handlers tell him to say. Which says alot about his lack of credability and his lack of integrity; o he is really very stupid.
This guy was saying more than a year ago that this would be (paraphrase) a short-lived down turn and things look good to turn around by early 2008!
If the National Association wants my dues money they have to plan on spending it better than that.
His comments are laughable in the face of the numbers (look at inventory!, look at the percentage of lender sales!).
Even the guy that writes his stuff can’t believe it…
Just my thoughts
Also almost a year ago i was predicting the “Perfect Storm” and was right on for my areas market.
In addition his statement about the numbers not reflecting all the upside is almost just plain fabrication. The Association should be ashamed of this level of supposed expert commentary.

By: Vicki Moore

Vicki Moore — Wed, 27 Aug 2008 18:01:36 +0000

That was a heck of a lot of information piled into just a few minutes. I need to see that again. Thanks for giving me a heads up on it. I’m trying to gather all the info I can.

By: Matt Heaton

Matt Heaton — Wed, 27 Aug 2008 16:48:15 +0000

Yeah, Fannie and Freddie have some very conflicting motivations. They like to talk about their more benign role of being created to help provide affordable housing, but the truth is they’ve run themselves more like massive overly leveraged hedge funds (trying to maximize their executives bonus’) the last few years.