Bull Ca-Ca

Hi People.
I said it before and I will croak saying it. You can not take the word of a journalist who is blindly looking (Oxy-moronic?) at info and adds it up wrong. Always remember, evidence does NOT equal proof. Throwing #s and stats at a scenario and hoping they stick is not building a case, it's building an out house.
For instance, a new article out by Forbes Magazine says we San Diegans are in the top 10 in the "America's Worst-Selling Housing Markets". Hooray, we finally made a list. Not the list we wanted to be on, but at least they know we're here.
The article goes on to say that we are in the top 10 with other Ca cities like L.A. (Boo!), Sacramento (Take it or leave it. To be honest I never even think of them) or San Francisco (Good eats). Saying further that we all over built at the wrong time (We did) and that we were the kings of the sub-prime mortgage (No one did it like us). All of that is true.
The thing that gets me is the writer saying that we are "saddled with 1000s of unsold homes". Que stupid? Tell that to my clients who have to write an approx 20 different offers (On average) in order to buy one home. Tell that to my seller who has to pick between a single mom who just wants a place to raise her kids and the investor who came in all cash (Sorry mom). I can not tell you how many times I've submitted a full price offer for a client, in the first day the house was on the market, just to be told by the listing agent that they have a total of 23 offers and 5 of them are well over asking price. It's been like this in San Diego real estate for the last 2 years.
So, when reading articles from people out of town, or people who do not work in that particular industry, be careful. Those articles will make you repeat dumb things.
Click on the title to read this fools nonsense.
God Bless.