Zillow EXEC Claims Housing Has Bottomed…LOL!

In an interview with Yahoo finance – Zillow Senior Principal Economist, Skylar Olsen, said the impact of the CoronaHoax on real estate has eased and that the housing market has bottomed.

LOL!  Who is this guy kidding?

In the financial industry this is a classic case of someone “Talking Their Book.”

“…In Plain English” that means someone is making certain claims about a stock/industry/trend hoping you’ll buy what they’re selling.

I’d like to ask Mr. Olsen a few questions.

Hey, Skyler you say that the impact from the CoronaHoax has eased.

Seriously? Where?

Somewhere between 36 and 50 MILLION people are currently out of work.

What’s gonna happen when these folks, who have no income, stop making their mortgage payments?

And what about the small businesses who were forced to close?  Are they still paying their rent/mortgage to their landlords?

And what about the owners of commercial real estate and office space who’ve seen their tenants off load 30-40% of their workers to working from home?

How quickly will these business owners bring these workers back when they’re saving a small fortune and realize they don’t need that much office space anymore?

The residential housing market is expected to see more foreclosures and defaults than we saw during the 2008 meltdown.  And the commercial/office space real estate looks worse.

And, Sky, consider this…back in 2008 we didn’t have 36 MILLION people lose their means of making a mortgage payment within a seven-week span.

Let’s go one more level here, Sky.

The states enforcing self-imprisonment haven’t begun to feel the effect of their stupidity by cutting off tax revenue.  So, what will they do to make up their losses?  They’ll simply raise the real estate taxes 20-40%.

What a horrible double whammy.

The poor guy who’s out of work and can’t pay the mortgage will soon be hit with a massive increase in real estate taxes.

Sorry, Skyler, the magnitude of the biggest hoax in history has yet to be felt…the housing market has NOT bottomed.

So, for those of you thinking of buying real estate, you need to exercise patience.  A year from now you might see prices 50-60% cheaper than they are today.

Ironically (or NOT) the stock market is poised to benefit from the collapsing housing prices.

Read about it (HERE)

In an interview with Yahoo finance – Zillow Senior Principal Economist, Skylar Olsen, said the impact of the CoronaHoax on real estate has eased and that the housing market has bottomed.

LOL!  Who is this guy kidding?

In the financial industry this is a classic case of someone “Talking Their Book.”

“…In Plain English” that means someone is making certain claims about a stock/industry/trend hoping you’ll buy what they’re selling.

I’d like to ask Mr. Olsen a few questions.

Hey, Skyler you say that the impact from the CoronaHoax has eased.

Seriously? Where?

Somewhere between 36 and 50 MILLION people are currently out of work.

What’s gonna happen when these folks, who have no income, stop making their mortgage payments?

And what about the small businesses who were forced to close?  Are they still paying their rent/mortgage to their landlords?

And what about the owners of commercial real estate and office space who’ve seen their tenants off load 30-40% of their workers to working from home?

How quickly will these business owners bring these workers back when they’re saving a small fortune and realize they don’t need that much office space anymore?

The residential housing market is expected to see more foreclosures and defaults than we saw during the 2008 meltdown.  And the commercial/office space real estate looks worse.

And, Sky, consider this…back in 2008 we didn’t have 36 MILLION people lose their means of making a mortgage payment within a seven-week span.

Let’s go one more level here, Sky.

The states enforcing self-imprisonment haven’t begun to feel the effect of their stupidity by cutting off tax revenue.  So, what will they do to make up their losses?  They’ll simply raise the real estate taxes 20-40%.

What a horrible double whammy.

The poor guy who’s out of work and can’t pay the mortgage will soon be hit with a massive increase in real estate taxes.

Sorry, Skyler, the magnitude of the biggest hoax in history has yet to be felt…the housing market has NOT bottomed.

So, for those of you thinking of buying real estate, you need to exercise patience.  A year from now you might see prices 50-60% cheaper than they are today.

Ironically (or NOT) the stock market is poised to benefit from the collapsing housing prices.

Read about it (HERE)