Friday Flashback: “The impossible happened.”

Posted on by The Tim

I received the following email totally unsolicited this week from a local agent that I sparred with a couple of times on these pages back in 2007:

You were right. I was wrong. A few years ago you predicted how terrible the market would be. I doubted you. Why? Having gone through the tech led down cycle of 2000-2001, I felt we couldn’t do much worse than that. I was wrong.

I’ll say it again! I was wrong. The impossible happened, taking WAMU with it. Things are picking up right now, but that in no way guarantees anything. A whole bunch of bad decisions can indeed cripple an economy, for what is an economy but the result of our collective decisions?

So I tip my hat to you. Touche!

-Mr. B.

Well, that was certainly unexpected. I believe this is the first time I’ve gotten a note like this from any of the people who were on the other side of the bubble debate during the first few years of this blog.

Now that we can put the bubble or no bubble debate behind us, hopefully we will be able to all work together to get the economy on a more sustainable path for the future.

Thanks for the note, and best of luck to you, Mr. B.!

The purpose of our Friday Flashback series is to remind people why it’s never a good idea to base your home purchase decisions on the word of someone with a vested financial interest in selling as many homes as possible for as much as possible, no matter what. If you’ve got a good example of local home salespeople or other industry shills on record making fools of themselves in the years before the bubble burst, shoot me an email.