I've mostly ignored the Real Estate Blogs in Bend, because they are so obviously puff daddies.
You know, anyone who believe that nonsense probably deserves to be fleeced.
But when that nonsense strays over into the media, I call foul.
There was a piece on KOHD that proclaimed that rents were due to rise in Central Oregon.
You know, I kind of doubt this. But it certainly would be in the best interest of the real estate industry to make people BELIEVE this is true. They may even listen to the echo chamber and raise rents.
But is there a NEED for a raise in rents, with abundant empty and cheap housing and a falling populations?
Meanwhile, the Bulletin has an article: "Underwater Mortgages Could Rise in Oregon."
Well, yeah. The sun could rise tomorrow.
This quote seemed especially pertinent: ""Oregon remains largely dependent on wood products and construction industries..."
Well, that goes double for Bend.
"Until we can clear through these homes, we're not going to have people building homes."
What prompted the title of this blog and got me to write it, was this: The so called "experts" in the article neatly divide between people working for institutions who observe and monitor the real estate industry, ---- and those who work in the real estate industry.
The article also neatly divides between people who seem to have realistic appraisal of the market,----and those who seem to be horny bull moose nuts.
I'll let you guess which is which.
3 days ago