In case there is any doubt about whether NAR chief “economist” Lawrence Yun is just as much of a shameless price-boosting shill as his predecessor David Lereah, I present some excerpts from a post he made on Friday regarding the inefficient, expensive, and economically stupid homebuyer tax credit: Unleashing Pent-Up Housing Demand and Sustainable Economic [...]
The intensity of the push from a couple of major national lobbying groups (NAR and NAHB) to extend and/or expand the $8,000 first-time homebuyer tax credit seems to have increased since we last discussed the topic on these pages. With the supposed end of the program coming up in about seven weeks, now seems [...]
As the expiration date on the first-time homebuyer $8,000 tax credit nears, talk is stirring about renewing and expanding the scheme. Here’s a brief rundown of some of the varying related pieces I’ve been following from around the web.
First up, we’ve got the National Ass. of Realtors pushing hard on their members to “Write [...]
Discredited NAR mouthpiece Lawrence Yun paid Seattle a visit on Friday to spout some more of his trademark wish-based forecasting. The Puget Sound Business Journal and the P-I both had brief write-ups of his presentation.
From Aubrey Cohen’s write-up in the P-I:
“We believe that the home prices have already fallen to what could be justifiable,” [...]
Remember about four months ago, when NAR Chief “Economist” Lawrence Yun said this?
You may even say Seattle is underpriced if you believe Seattle is becoming a superstar city. Seattle is underpriced in relation to other West Coast markets.
Well, it seems he has changed his tune ever so slightly. Here’s a more recent quote, from [...]
Apparently the only necessarily qualification for becoming a “world class” or “superstar” city is to keep on repeating that it is so. That’s the message I’m getting from the latest quotes from the Realtor’s spokesman Lawrence Yun, anyway.
Seattle-area home prices are manageable for typical workers, according to the chief economist for the National Association [...]
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