Tuesday, May 19, 2009

Nice to know they understand their own market...


Casey, writing on behalf of his real-estate huckster boss, has posted a video by "Buyer Brad" and notes that:

Brad is fighting multiple offers trying to buy a house in Sacramento in the sub 200K price range. Is the market heating back up or what?

Brad also tells us a little bit about the tax credits he is taking advantage of. Maybe the tax credit is the that's the reason for the activity.
TrueCasey then quizzically asks:


Anybody else experiencing this?
It is sad that he and his sugar-mama don't realize how stupid they look.

After all, this trend has been reported on quite widely, especially since the latest tax credits became law. In the hardes-hit areas (which include all of Sacraento), prices have declined to the point where buyers are coming in. The tax credits are also big enough that in the sub-$200K market, they really make a difference.

Of course, employment is still a shambles, especially in government-heavy places like Sacramento (we voted against the latest tax increases this morning, meaning that more layoffs in CaseyTown are virtually assured), there are still a ton of option-ARMs out there that have not yet reset which will over the next year or two, and the higher-priced regions are just now beginning to feel the real pinch and are likely a 12-18 months behind.

But, back to the main point, none of this is real news. Even the mainstream press has caught on to this, as evidenced by this piece in the LA Times this morning.

But Casey is wondering if this is really going on and whether anybody else has noticed.

Nice way to tell your clients that you know less about the market than anybody who just reads a newspaper occasionally.

We wonder if he even bothered checking with his boss before posting this drivel, supposedly on her behalf. We suspect, that as usual, he didn't.

And that's the view from the FalseCasey HQ, where we are pondering the words of arch-villan Ernst Stavro Bloefeld regarding Bond-girl Tiffany Case: "If only they were brains."

6 comments:

Dolph said...

If my memory serves me correct, didn't Casey call Obama the anti-christ and he will fight against him?

Now he happily carries water for Obama's policies. Wow, I guess when money is there to be made, sleazy people change their tunes.

I doubt Casey changed due to using his brain.

Dolph said...

I find they deserve each other. Funny...how can they not see what's going on here?

False Casey said...

Who said anything about TrueCasey having brains, or any chance of having brains.

We are referring, of course, to the scene towards the end of Diamonds are Forever, in which Bloefeld observes Tiffany Case's ass cheeks and notes "if only they were brains."

We get the same feeling when observing Ms. Lynn's bolt-ons.

False Casey said...

We just posted a new comment to the big-titted Angel blog. We doubt it will see the light of day.

TrueCasey wrote:

Yes, being first to report on a trend is a good thing. We'll of course strive for it but at least we're covering it still, from OUR perspective.We couldn't let that go, so we responded:

Casey,

You are not the first to report this trend.

It's been reported on CNBC multiple times in the past couple of months. It was reported in the LA Times this morning. A quick google search shows that it's been reported in lots of the Sacramento media too.

Asking the question is very weak, because anybody watching the mainstream media coverage has already known that the bottom end is seeing lots of activity right now (whether it remains so for long is still in question). And anybody following the real estate blogs has been aware of this for at least 2-3 months.
And that's the way it is here at FalseCasey HQ, where we just voted for more layoffs in Sacramento, and we wonder what will happen to the minimum payments on TrueCasey's corporate credit if one of his parents ends up a victim.

WeWantTheFunk said...

FalseCasey's comment is up, and TrueCasey has replied:

False Casey... that's EXACTLY what I already said, I never claimed to be the first. We're just another real estate company reporting on the trend from the field and using the voices of our own clients. I asked the question because we may have somebody in other parts of the nation who may want to comment on their real estate market, or even somebody local who may have a different take.

Appreciate my friend, appreciate. Love you and thanks for the comment.
Casey loves you! It's going to make lawnmower man so jealous.

lawnmower man said...

Nah, Casey apparently loves us all now.

The ego is showing. Angel's the star but damnit, BloggerCasey deserves credit for his work.

Also: Casey, you edit video about as fast as you write ebooks.