Saturday, August 25, 2007
Oooh. I'm a bad blogger. I'm chest-deep in chihuahuas these days. Child, churlishness, chicanery, choices, chumps, chicks, and chutneys. In other words - it's summer, and I've been really busy. Did I mention the chihuahuas?
On top of all of that, WTF is going on? The RE market is nothing short of surreal. I pass "For Sale" signs daily that have been there for months. Some are sporting "Price Reduced", but it looks like the summer doldrums, and buyers' fatigue. Chipman's numbers are all over the map. The stock markets are again accelerating, my contrarian holdings are holding, energy stocks are up and down, I see moving trucks and construction cranes all over the place, business is picking up...
I have little time to read, but I see new characters "on the blogs", and the "old" ones fading away. Even "bulls" are quiet. Is it just the summer doldrums? Then why is the market still so active? We are seeing near-record sales. What's with that? I just can't get a real pulse of the market. Is this a "calm before the storm"? Is the storm a cyclone of dropping RE values?, or a storm of new buying?
I haven't got a clue. Do You?