From the LA Daily News, we have Alex Dobuzinskis setting new records of journalistic lows in Sales hit 8-year low for condos.
Young potential first-time buyers are waiting, perhaps expecting prices to plummet, said RE/MAX Realtor Mike Lebecki.
"They're very cautious, and I don't think they're thinking their caution through necessarily," he said. "If all their friends are being cautious and not thinking it through, then they're all doing the same thing, and they're going to continue to ... buy BMWs and pay rent."
Can somebody explain what this above rambling actually means?
I think it means that Mike Lebecki isn't making any money selling houses, and has resorted to smoking Meth.
And what's the problem with being a "Beemer owning loser renter"? Sounds good to me if you can afford it.
As for the journalist reporting this, well...
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