The alarm was sounded some time ago. It has become rather loud in the last 6 months.
For various reasons various groups will not hear it. I really don't know what we can do about this. One group which saddens me deeply is the "less advanatged," they do not register the mainstream.
Another group which angers me is the bankers, in traditional society they were a force of sometimes destructive conservatism, but this is no longer. They have let loose the money of heir institutions and the tax payers into something which defies all common sense.
This marks a society in trouble, the trend is manifested all over, an optimistic don't worry be happy approach is all over economic choices and led to Iraq. The main reason we went in was that the admistration thought it would be easy, a quick victory, a rise in the polls, a transformed world.
One problem with unrealistic optimism is that it often leads to a pessimism equally detached from reality.
And traditional checks in the system are not working.
The hope is for a sustained quite period of adjustment, but as for hearing alarms there is little to be done at this point for selling houses is not like selling shares of stock.
"As of June 16 there were more than 40,000 single family, multi-family, condo, land, commercial and business properties listed as active with MLS PIN. Approximately 22,000 of those listings fall into the single-family category."
The MLS spokesperson says that it the highest number of listings ever, since the Massachusetts MLS started, in its current form, back in 1997.
the MLS is a decentrally controlled service that aims to artifically restrict supply and therefore keep prices higher than normal. if MLS is showing the highest inventory listed ever, then there's a bigger problem than is being portrayed!
The alarm was sounded some time ago. It has become rather loud in the last 6 months.
For various reasons various groups will not hear it. I really don't know what we can do about this. One group which saddens me deeply is the "less advanatged," they do not register the mainstream.
Another group which angers me is the bankers, in traditional society they were a force of sometimes destructive conservatism, but this is no longer. They have let loose the money of heir institutions and the tax payers into something which defies all common sense.
This marks a society in trouble, the trend is manifested all over, an optimistic don't worry be happy approach is all over economic choices and led to Iraq. The main reason we went in was that the admistration thought it would be easy, a quick victory, a rise in the polls, a transformed world.
One problem with unrealistic optimism is that it often leads to a pessimism equally detached from reality.
And traditional checks in the system are not working.
The thinking you do is excellent.
The hope is for a sustained quite period of adjustment, but as for hearing alarms there is little to be done at this point for selling houses is not like selling shares of stock.
THERE GOES THE GREAT AMERICAN ATM MACHINE.
"As of June 16 there were more than 40,000 single family, multi-family, condo, land, commercial and business properties listed as active with MLS PIN. Approximately 22,000 of those listings fall into the single-family category."
The MLS spokesperson says that it the highest number of listings ever, since the Massachusetts MLS started, in its current form, back in 1997.
Source: Boston Real Estate Blog
the MLS is a decentrally controlled service that aims to artifically restrict supply and therefore keep prices higher than normal. if MLS is showing the highest inventory listed ever, then there's a bigger problem than is being portrayed!
Richard, could you expand on that? How does MLS restrict supply?
Or in what sense is it decentralized esp compared to those who don't use it?
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