Tuesday, Aug. 8, 2006 | So Greg Smith says it’s a good time to buy in San Diego….DUH! Why wouldn’t a very intelligent over-seer of property values notice and pass on such a remark. He’s speaking based on past history. In the early ’90s when there was a change in the market the County Assessor reduced taxes. My taxes in Ocean Beach were reduced by 2 percent. He would be a total dummy and unfit for the job if he didn’t notice when it was a “Buyer’s” market or a “Seller’s” market.

The “Chicken Little” response to the “market is falling” is the destructive info to the consumer. In fact, the market has stopped going up $30,000 or $40,000 a month. It had to. Nobody could afford that anymore. So a correction is taking place. The past should be prologue. In 1981 interest rates were 9, 10, 11, 12, 13, 14, 15, 16 &17 percent… the gloom and doom dialog was the same. Greg Smith is an honorable, smart, honest man. I am disappointed that voiceofsandiego.org chooses to go for the jugular without the facts and reduces itself to the common muckraker. I had higher hopes for something more intelligent and forward thinking than the same old crap on the wall. Do you think that people who heard all this rhetoric in the early ’90s who bought anyway aren’t happy as hell that they bought?

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