Thursday, March 12, 2009
Morons Are Recession-Proof
For three years now I've been anxiously awaiting a housing market correction here in the Boston area.
But all I've been met with is perennial disappointment.
A local *realtor* recently fired out this article to me titled - Top Ten Recession-Proof Towns - as if THAT was going to get me to part with my cash.
It's pretty amazing to see that some locales have allegedly experienced housing price gains *since the market peak*.
[Note that the real estate propaganda today mostly reports *median* sales which have been skewed higher by the decrease in low-end transactions.]
Regardless, being *recession-proof* may make great marketing for pushy agents and magazines dependent on advertising, but it may not be quite enough.
The question is, are these town/houses *Depression-proof*?
Time will tell.
Revisit my personal frustration here:
Morons Bidding Against Themselves
The Morons Are Still Winning.