Archive for December 9th, 2006

This NYT Article Will Ruin Lives

Hat tip to Ben’s commenter housegeek (scroll down) for this [1] outrageous find. The article, from tomorrow’s Sunday New York Times, is a brilliant piece of propaganda designed to coax single women to buy into the unstable condo markets of Dumbo and other Brooklyn neighborhoods. Here are some examples of how the author is persuading young singles to catch a falling knife. Some women said that they felt their friends were better market indicators than any statistics that point to a downturn. … While Ms. Brenner encouraged Ms. Montaigne to buy, Ms. Brenner had some reservations about the neighborhood. In…
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Real Estate- Since When is Losing Customers a Good Thing?

In any other industry, having your customers give up on you is considered a bad thing.  From airlines to hair dressers, most businesses hate cancellations.  Not so, however, in the real estate industry.  According to the Greater Las Vegas Association of Realtor’s (GLVAR) president, Linda Rheinberger: The inventory of homes for sale on the Multiple Listing Service in Las Vegas declined to 19,729 in November, down 16 percent from the previous month, the Greater Las Vegas Association of Realtors reported Wednesday. It’s still up nearly 34 percent from a year ago, but the number appears to have peaked at 23,474…
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