Tuesday, December 16. 2008
OH GARTH
Today, Garth Turner in trying to express that ‘a certain thing is less than clear said - "I think it's obfuscation of reality" in reference to CREA’s new Weighted National Average For Sales on the MLS.
Reminds me of the first time a teacher told me to stop or she'd ostracize me. Huh?
Please Garth, if you’re trying to say CREA is “confusing things” say something like, “less than clear”, or maybe even, “they are reinventing reality” – but I think you “obfusticate” when you use words like: obfuscation, to explain what you think happened – to the, may we call it the New WNAPfSMLS ?
Now maybe I’m just upset, or maybe happy - about Garth’s admission in a recent Globe and Mail Article of December 13, 08 – How High Risk Mortgages Crept North.
Excerpt from Globe & Mail Dec 13, 08.
Shortly after the hearing, Mr. Turner said he was approached by Mr. Flaherty's parliamentary secretary, Diane Ablonczy, in the House of Commons.
"She came to my desk where I was computing away on my laptop," Mr. Turner said, recalling that she told him to "get onside."
In the end, no one raised a single question about the prospect of 40-year or zero-down mortgages. The bill sailed through the committee - including a vote of support from Mr. Turner.
"At the end of the day I sadly acquiesced," he said, adding that he regrets voting the way he did. "At the time it was politically difficult."
Thanks for that admission Garth. We got into this financial mess by wanting to be “on side” with the club. Me too. See there, now we’ve both admitted. Only I didn't hold a public office.
Reminds me of the first time a teacher told me to stop or she'd ostracize me. Huh?
Please Garth, if you’re trying to say CREA is “confusing things” say something like, “less than clear”, or maybe even, “they are reinventing reality” – but I think you “obfusticate” when you use words like: obfuscation, to explain what you think happened – to the, may we call it the New WNAPfSMLS ?
Now maybe I’m just upset, or maybe happy - about Garth’s admission in a recent Globe and Mail Article of December 13, 08 – How High Risk Mortgages Crept North.
Excerpt from Globe & Mail Dec 13, 08.
Shortly after the hearing, Mr. Turner said he was approached by Mr. Flaherty's parliamentary secretary, Diane Ablonczy, in the House of Commons.
"She came to my desk where I was computing away on my laptop," Mr. Turner said, recalling that she told him to "get onside."
In the end, no one raised a single question about the prospect of 40-year or zero-down mortgages. The bill sailed through the committee - including a vote of support from Mr. Turner.
"At the end of the day I sadly acquiesced," he said, adding that he regrets voting the way he did. "At the time it was politically difficult."
Thanks for that admission Garth. We got into this financial mess by wanting to be “on side” with the club. Me too. See there, now we’ve both admitted. Only I didn't hold a public office.
CREA steps right into it.
The real estate market has changed, and continues to change - no kidding? As the world rode the wave of press releases about increasing home prices up, we all smiled and felt warm and tingly inside. The Real Estate Industry collectively trumpeted these facts of splendour - more, more, up, up ...
The US has taken an obvious lead in market value and activity decline. NAR, the collective voice of Realtors in the US, long ago recognized the need for straight talk – ‘market in change’, then finally in reverse – decline – this was open transparent admission and reporting.
CREA just invented a new standard. Claiming “House prices are skewed” CREA just reported the Weighted National Average Price for Sales on the Multiple Listing Service. Baaaad timing. In a world looking for transparency – who are these wizards of imagined standards? Hey people up there – look to NAR …lets report the facts so they are measurable, comparable…twisted any other way, your leadership as the credible source of information may in today’s new world fade.
Today as always – “average” is just that, “average information”. For exceptional information – hopefully people will rely on their trusted full-time professional that will share information as facts and trends instead of – sugar coated, credibility busting – invented terms to hide the obvious – we live in new and changing times.
The US has taken an obvious lead in market value and activity decline. NAR, the collective voice of Realtors in the US, long ago recognized the need for straight talk – ‘market in change’, then finally in reverse – decline – this was open transparent admission and reporting.
CREA just invented a new standard. Claiming “House prices are skewed” CREA just reported the Weighted National Average Price for Sales on the Multiple Listing Service. Baaaad timing. In a world looking for transparency – who are these wizards of imagined standards? Hey people up there – look to NAR …lets report the facts so they are measurable, comparable…twisted any other way, your leadership as the credible source of information may in today’s new world fade.
Today as always – “average” is just that, “average information”. For exceptional information – hopefully people will rely on their trusted full-time professional that will share information as facts and trends instead of – sugar coated, credibility busting – invented terms to hide the obvious – we live in new and changing times.
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