Tuesday, February 28, 2006

Dear West: Stop Overpricing Your Homes

Dear WREM,

Lately, I've benefitted and I've been bitten by your marvelous home sale market. I've made money (more than I should, I feel) and lost money (ahem!) on quaint homes in your hip, gotta-be-there cities.

But I've noticed, my dear WREM, that you have some ego problems. You seem to believe in the never-ending spike in your value, and that the line of suckers stretches for miles behind me.

Today, dear WREM, I believe you need to reconsider. You see, WREM, I've just seen the January existing-home sales figures. And, I hate to break it to you, but nobody's market is crumbling faster than yours.

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