Tuesday, September 26, 2006

Snake Oil Saleswoman

Man, I thought the NAR/FAR had all but won the contest for "Best Ability to Promulgate Lies About the Housing Situation With a Straight Face", but Blanche Evans is competing hard! Recently interviewed by the NY Times following the release of her recent book, "Bubbles, Booms, and Busts: Make Money in Any Real Estate Market", she spewed forth some of the worst BS I've heard in quite some time.

Amongst her gems:

"She sees the current slump as more of a breather, as well as a chance for buyers and sellers to “reposition” themselves to take advantage of the long-term upward trend in housing prices.

In other words, she contends there is money to be made in real estate even if prices head south for a while."

Translation: "I have no idea where the market is heading. The only money to be made in a down market is by REALTORS, who get a commission as long as there is a sale."

"“In the normal market people are still buying and selling homes,” she said. “The market is not crashing; the fundamentals and incentives are still extremely good for everyone else.” "

Translation: "I have not read nor watched any media reports on the crash, so therefore it's not happening. In fact, I have my ear's covered right now - LA LA LA LA (can't hear anything - no crash happening!) LA LA LA LA!"

"Even if there is a prolonged recession in the housing market, she thinks it will be relatively mild on a national level.

“One reason for all the pessimism is that the financial press often assume that whatever is happening on the coasts is happening to the rest of the country,” she said. “But the Midwest, for example, may not experience the highs and lows of the coastal cities.”"

Translation: "Everybody now - move to the Midwest! No matter that you can't sell your house where you live now, you're upside down in payments, and the job market out there is crappy. There's REAL ESTATE money to made out in the flatlands!"

"Her advice: Don’t sell unless you have to. "

Translation: "I own lots of investment properties that I can't unload. So please don't put your P.O.S. property on the market and compete with me. But if you're a BUYER, please buy, buy, buy!!! After all, it's a great time to invest!"

Whew, I think I need to take a "breather" (as she so calmly refers to the market) from all the wretching I've been doing while reading her propaganda. I get sick just thinking about the poor souls who will actually take her advice as fact.

Really Bad Advice Concerning Realty

13 comments:

Gary Anderson said...

I have emailed Blanche. She is one who will look at a few upside areas of the country and somehow believe that these minor areas somehow offset the bubble states. Of course, the total RE value in the bubble states far exceeds the rest put together. Now we are even seeing some pullbacks in non bubble areas. That should really rattle Blanche.

sandi said...

Awesome! Gary, if you get a reply, please post it here. It should make for some great comedy.

Anonymous said...

Friggen EXCELLENT work.
Keep up the pressure on these slick talkers!!!!!!!!!!!!!

vfsv said...

We've tried to reach Blanche before but she's apparently too big-time to defend the holes in her arguments pointed out by independent thinkers.

BTW, we see prices rolling over even here is vaunted Silicon Valley. We figure our old Tampa stomping grounds will start to look really good ~mid-2008.
(reference:
http://www.viewfromsiliconvalley.com/id264.html -and-
http://www.viewfromsiliconvalley.com/id265.html

To see "What's Really Happening," visit www.viewfromsiliconvalley.com

Thanks!

FL - Paradise Lost said...

Blanche is something else. Her books must be selling, why else would the MSM pay any attention to her BS?

Vfsv: Yes, I've been watching the California situation - I've never understood how an entire state maintain home prices THAT FAR above the median income. Then again, it's a good parallel to Florida, where the ratios are just as bad (but the realtors lie more about the prices).

Gary Anderson said...

Blanche did respond to me and stated that things were fine in Dallas even though the bubbles were crumbling. But I pointed out that Dallas was leading everybody in foreclosures. She did not respond.

slow and low said...

Of course she didn't respond - she's a saleswoman who makes up figures to get her outright lies to become somewhat believeable. When somebody actually points out that her "figures" are ALSO made up, she suddenly disappears.

Classic.

Anonymous said...

酒店打工 酒店兼職
台北酒店 打工兼差 酒店工作 禮服酒店
酒店兼差 酒店上班 酒店應徵 酒店 酒店經紀

JAY said...

http://www.fishingcostaricaexperts.com/
 
Costa rica Fishing

Planeta Vivo Costa Rica said...


Costa Rica Honeymoon All Inclusive Packages,
Costa Rica Honeymoon Vacation Packages,
Costa Rica Vacations All Inclusive,
Costa Rica All Inclusive Vacations,
Costa Rica Mountain Biking Tours,
Costa Rica Horseback Riding Tours,
Monteverde Cloud Forest Reserve Tours,
Carara National Park Tours,
Costa Rica Surf Lessons Jaco,
Manuel Antonio Beach Tours,
Costa Rica Tours,
Arenal Volcano National Park Tours,
Rincon De La Vieja National Park Tours,
Poas Volcano National Park Tours,
Costa Rica Family Surf Vacation Packages,
Arenal Volcano Overnight And Monteverde Cloud Forest,
Tenorio Volcano National Park Tours,
Tortuga Island Costa Rica Tours,
Costa Rica Canopy Tours Los Suenos,
Irazu Volcano National Park Tours,
Braulio Carrillo National Park Tours,
Manuel Antonio National Park Tours,
Costa Rica Bird Watching Tours Jaco,
Costa Rica Transportation,
Costa Rica Volcano Tours,
Costa Rica Tours,
Costa Rica National Park Tours,
Palo Verde National Park Tours,
Costa Rica Rent A Car

Costa Rica Fishing said...

Costa Rica has some of the best Sport Fishing in the world. The Pacific side
has incredible fishing for Sailfish, Marlin, Dorado, Tuna, Wahoo, Roosterfish,
Snapper, and more. The Caribbean side and Northern regions of Costa Rica are
famous for big Tarpon and big Snook.Costa
Rica Fishing Packages
, Costa
Rica Fishing Boats
, Costa Rica Fishing,
Costa Rica Sport
Fishing Packages
, Costa Rica
Fishing
, Costa Rica
Fishing Packages All Inclusive
, Fishing Trips Costa Rica,
Los Suenos Costa Rica Fishing,
Los Suenos Costa Rica Fishing Charters
, Costa Rica Fishing Vacation Packages,
Costa Rica Fishing Packages All
Inclusive
, Costa Rica Fishing
Trips
, Costa Rica Fishing Trips
All Inclusive
, Sport Fishing
Costa Rica
, Costa Rica Sport
Fishing Charters
, Sportfishing
In Costa Rica
, Jaco Costa Rica
Fishing Charters
, Jaco Costa
Rica Fishing Packages
, Jaco
Costa Rica Sport Fishing


 
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

CostaRicaWeddingPlanners is an unforgettable experience. We are the premier
planners, coordinators, officiants, and photographers of Costa Rica weddings and
our site is proof positive of our experience and commitment to weddings in this
beautiful country.Costa Rica
Weddings
, Costa Rica
Wedding Packages
, Costa
Rica Weddings All Inclusive
,Wedding In Jaco Costa Rica,
Costa Rica Beach Weddings,
Los Suenos Wedding,
Jaco Costa Rica Wedding,
Jaco Wedding Planner,
Costa Rica Married,
Wedding Planning Costa Rica,
Costa Rica Wedding Locations,
Costa Rica Wedding Venues,
Costa Rica Wedding Packages All
Inclusive
, Costa Rica
Wedding Planner
, Getting
Married Costa Rica
, Costa
Rica Destination Weddings

Costa Rica Weddings said...

Costa
Rica Fishing Packages
, Costa
Rica Fishing Boats
, Costa Rica Fishing,
Costa Rica Sport
Fishing Packages
, Costa Rica
Fishing
, Costa Rica
Fishing Packages All Inclusive
, Fishing Trips Costa Rica,
Los Suenos Costa Rica Fishing,
Los Suenos Costa Rica Fishing Charters
, Costa Rica Fishing Vacation Packages,
Costa Rica Fishing Packages All
Inclusive
, Costa Rica Fishing
Trips
, Costa Rica Fishing Trips
All Inclusive
, Sport Fishing
Costa Rica
, Costa Rica Sport
Fishing Charters
, Sportfishing
In Costa Rica
, Jaco Costa Rica
Fishing Charters
, Jaco Costa
Rica Fishing Packages
, Jaco
Costa Rica Sport Fishing


 

Costa Rica
Weddings
, Costa Rica
Wedding Packages
, Costa
Rica Weddings All Inclusive
,Wedding In Jaco Costa Rica,
Costa Rica Beach Weddings,
Los Suenos Wedding,
Jaco Costa Rica Wedding,
Jaco Wedding Planner,
Costa Rica Married,
Wedding Planning Costa Rica,
Costa Rica Wedding Locations,
Costa Rica Wedding Venues,
Costa Rica Wedding Packages All
Inclusive
, Costa Rica
Wedding Planner
, Getting
Married Costa Rica
, Costa
Rica Destination Weddings


Los Suenos Costa Rica,
Los Suenos Costa Rica Condos For Rent,
Los Suenos Costa Rica Vacation Rentals,
Los Suenos Condos For Rent,
Los Suenos Vacation Rentals,
Los Suenos Condominiums,
Los Suenos Condo Rental


Costa Rica Weddings said...

Costa
Rica Fishing Packages
, Costa
Rica Fishing Boats
, Costa Rica Fishing,
Costa Rica Sport
Fishing Packages
, Costa Rica
Fishing
, Costa Rica
Fishing Packages All Inclusive
, Fishing Trips Costa Rica,
Los Suenos Costa Rica Fishing,
Los Suenos Costa Rica Fishing Charters
, Costa Rica Fishing Vacation Packages,
Costa Rica Fishing Packages All
Inclusive
, Costa Rica Fishing
Trips
, Costa Rica Fishing Trips
All Inclusive
, Sport Fishing
Costa Rica
, Costa Rica Sport
Fishing Charters
, Sportfishing
In Costa Rica
, Jaco Costa Rica
Fishing Charters
, Jaco Costa
Rica Fishing Packages
, Jaco
Costa Rica Sport Fishing