Hair of The Dog Kool Aid

Lee County, Florida had a record month in June with 1705 SFR's sold vs 719 the year before.

Larry "The Liar" Yun from NAR:

"In many cases, normal homes are being compared with distressed homes sold at a discount...

which often are in sub par condition-this is causing real harm to both buyers and sellers.”

What Mr. Yun forgets is that the bubble of false values has already popped...

and this means that the normal homes are the distressed homes.

Yoy prices plunged 49% and distressed sales accounted for... 72% of all sales; 56.5% bank owned and 15.5% short sales.

Only 33% of REO foreclosures are actually being marketed, the other 66% are being held back by the bailed out banks...

for fear that marketing these homes would further crash the unsupported and unaffordable pricing levels.

Couple this with unemployment in Lee County at 14%, a national high, nationally almost 10%, and GROWING...

and yet these mental midgets think the market has "turned" on a dime? It's like a those who voted for Bush twice saying, "it's Obama's fault".

Strange "daze" and rationale indeed, sounds like someone has broken out the kool aid...

from which the ignorant and stupid who are in denial, are inebriated again.