It's all about the truth, folks. Apparently the National Association of Realtors share the sentiment of Jack Nicholson in A Few Good Men, and think, "You can't handle the truth."
You see, after having misguided America for the last few years by masking the true decline in property values, (For what reason I can only imagine, but certainly not to sucker anyone into the idea that it is a "good time to buy" at an inflated value) these so called experts need to revise their numbers....DOWN BIGTIME. (Read about it here on CNNMoney and Fox Business News.)
I've written frequently about the same kind of reporting and statistical evaluation here locally. Every couple of months some local Real Estate guru is out bottom calling and blathering the latest gibberish, "Wow wee, things are turning around, solid buyers are flowing into the market, blah blah blah."
Maybe the need to revise arose because it was becoming embarrassing by the degree to which their numbers differed from honest estimations. The chart below says it all. You see not only did they lie in the good times, they lied worse throughout the decline, like little babies clinging onto their security blanket. "Please don't take our good times away!"
You see, after having misguided America for the last few years by masking the true decline in property values, (For what reason I can only imagine, but certainly not to sucker anyone into the idea that it is a "good time to buy" at an inflated value) these so called experts need to revise their numbers....DOWN BIGTIME. (Read about it here on CNNMoney and Fox Business News.)
I've written frequently about the same kind of reporting and statistical evaluation here locally. Every couple of months some local Real Estate guru is out bottom calling and blathering the latest gibberish, "Wow wee, things are turning around, solid buyers are flowing into the market, blah blah blah."
Maybe the need to revise arose because it was becoming embarrassing by the degree to which their numbers differed from honest estimations. The chart below says it all. You see not only did they lie in the good times, they lied worse throughout the decline, like little babies clinging onto their security blanket. "Please don't take our good times away!"
This routine dishonesty defines all our woes, dishonesty in Mortgage Backed Securities, dishonesty in foreclosures, dishonesty in the media, dishonesty in title histories, and dishonesty in our regulators...are you listening Pam Bondi, are you listening?
We will never start back on the road to recovery until we are led by the truth. Until our regulators are honest about the scale to which the banksters have defrauded us, until our Judges stop rubber stamping illegal documents, until those representing major industries present facts versus fictional favoritism. Only then can we begin to recover.
It effects everything, as property values decline due to clouded title histories and this systematic dishonesty, tax base evaporates, and government agencies see budget shortfalls. This across the board refusal to face the truth and address the real issues head on is the true source of the problem when you hear about cuts in your school budget, or fiscal challenges the County faces.
It's all about the truth. We can handle it. We must.
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