Thursday, July 14, 2005

Attention Bubbleheads!

You have to love this cri de couer on behalf of all potential buyers in the NYC housing market to just "stop the insanity":

"Looking to buy? WAIT! More buyers are taking to the sidelines now and when properties remain on the market too long the sellers will panic and drop the price fearing that they are holding bubble-prone property. Then, more sellers will panic when the news gets out that prices are dropping causing them to sell lower which causes another drop. Stubborn buyers will be the catalyst. Be stubborn; don't be an ass."


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