By now many of us are fully aware that the housing bubble is bursting and more violently then projected. Home prices have fallen in some areas as much as 30% YOY. People in the hottest markets are scrambling to sell their homes. Economists who don't have a vested interest in real estate use data to
confirm this historic catastrophe.
But for some on the right side of the isle, facts don't matter. Not even regarding the biggest real estate bubble in the history of mankind. None so blind as those who will not see couldn't be more true. In message boards, whose purpose is for open forum discussions on real estate, I come across the same right wing idiocy you find in any political discourse. This from one of these conservative geniuses:
There are too many bitter renters, and "liberals" who think the sky is falling.
Nuance escapes this conservative as usual. Data - no matter from who is irrelevant to this poster. Not even from the
http://releases.usnewswire.com/GetRelease.asp?id=72305">National Association of Realtors themselves.
and this:
HEY LOSERS CHECK OUT THE HOME BUILDERS STOCKS, THEY'RE UP 5%+ TODAY!
Actually, home builder stocks are
http://money.cnn.com/2006/09/08/news/companies/lennar/?postversion=2006090812">down. Yes they were higher for that one day (this tuesday when stocks rallied) compared to the day prior. However - delve deeper into reality and home builders' orders are down as much as 49% from last year. Soon enough the stock will undoubtedly reflect these losses. Of course this fact doesn't change the color of this person's rose colored glasses.
These are just some examples I come across often from wingers who drive by to post their turds of wisdom with the same delusional vitriol they shmear across the political blogosphere everyday. Their desire to remain in blissful ignorance still to this day astonishes me. I find the similarities both intriguing and disturbing so I felt compelled to share the phenomenon. If anyone else had noticed how the idiocy permeates beyond their politics - please share.