From the San Diego Union Tribune we have Lynn Adler talking about U.S. housing seen showing more life in second half.
In California, where home sales tumbled 23 percent in 2006 and could drop another 7 percent this year, “the worst is over,” said Leslie Appleton-Young, chief economist for the California Association of Realtors.
“Housing is always going to be sexy ... but I think some of the buzz about it, when there's less money being made, is going to go away.”
Sexy?!? Did she just say housing was sexy?
Honey, a woman's legs may be sexy, a guy's butt may be sexy, but housing (like any other purchase) is decidedly not sexy!
The level of discourse speaks volumes about the level of her comprehension of economics. But she's the "chief economist" of CAR which means she's a paid shill.
Of course, we can all agree that Ms. Appleton-Young is decidedly NOT sexy!
Friday, January 12, 2007
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