Realty Alliance Discussion
By Barry Ritholtz - October 28th, 2009, 3:15PM
I am off to a panel at the Realty Alliance where I will kill the agents their with some tough love.
Here is the panel:
Barry Ritholtz, author of Bailout Nation, who will speak on the financial markets. Jonathan Miller of MillerSamuel will discuss Appraisals. Also, Carter Murdoch, economist with Bank of America. We are expecting U.S. Senator Johnny Isakson and FHA Commissioner Dave Stevens, as well, but their participation is always contingent upon last-minute scheduling. David Adamo will join us, as well, to talk about the current status of jumbo funding. I also expect one or two speakers from NAR on legislative, regulatory and legal issues.
This should be lots of giggles . . .
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October 28th, 2009 at 3:23 pm
Tear ‘em a new for us Barry.
October 28th, 2009 at 3:24 pm
We’d like a picture of you and Yun arm wrestling…
October 28th, 2009 at 3:29 pm
Don’t pull any punches.
October 28th, 2009 at 3:29 pm
Don’t pull any punches.
October 28th, 2009 at 3:30 pm
Don’t arm wrestle Yun, he is going to spin it into a congratulatory hand shake!
October 28th, 2009 at 3:38 pm
I do hope there is a video of this event. Give ‘em hell BR!
Regards,
TDL
October 28th, 2009 at 4:03 pm
I guess those DOW 10K hats need to be tucked back away for a bit longer.
October 28th, 2009 at 4:13 pm
Mannwich: I’m thinking they can put them in deep storage actually. Chart looks like Dow 9600 is a given soon. The transports are an amazingly ugly mess. And the funny thing is, the volume is pretty much steady. There hasn’t even been a major sell off – yet. I’ve built up a pretty big position in DXD right now that started at 32.70. AAPL filled its gap but it’s really the first to fill. I think it has a real good chance of filling the next one down around 175.
October 28th, 2009 at 4:42 pm
Barry,
Please teach them some Economics 101. The problem is not that real estate prices fell, but that prices rose too far. Therefore, falling prices are the solution. Consequently, any action to prevent prices from falling only prolongs the agony and delays the inevitable.
October 28th, 2009 at 4:49 pm
John
Exactly. That’s what I’ve been screaming at them for months! :)
October 28th, 2009 at 5:03 pm
john says-
“The problem is not that real estate prices fell, but that prices rose too far.”
john, john, john- pulease- get with the program-
asset appreciation is all we got
October 28th, 2009 at 6:00 pm
call me ahab,
I know, I know. There I go getting all logical and practical again. I apologize.
From now on I will do my best to not think silly thoughts like “People should live within their means”, “Actions have consequences”, and “Success is a result of hard work”.
Instead, I will embrace ideas like “We can all get rich by trading pieces of paper”, “Government knows best”, “We can devalue our currency to prosperity”, and “What’s good for the real estate industry is good for the country”.
October 28th, 2009 at 10:53 pm
“Their participation is always subject to last minute scheduling”
THis really says a lot. Why is it that Government people always have the right not to show up due to scheduling? Are Government people so much busyer than those in the private sector who will ALMOST ALWAYS show up if committed. If so, it begs the question “Busy with what”?
Perhaps the word “Commitment” is operative.
October 29th, 2009 at 1:27 am
“should be lots of giggles” .. so I Googled em (I think) .. not much shows up .. get more when you About Us and click a important persons Bio
http://www.therealtyalliance.com/