At least when you’re lying about a common misconception and you have a monetary tie to that misconception. Twice, on my three mile drive to work today, I heard commercials from new home builders that made me angry.<br/><br/>First one: “Blah, blah, blah, there’s never been a better time to buy a new home! Buy one from us, out in bumfuck, and you’ll have made the best investment you can make.”<br/><br/>WRONG! As I pointed out <a href=”http://www.iammike.org/index.php?misc=search&subaction=showfull&id=1194458892&archive=&cnshow=news&ucat=2&start_from=” target=”_self”>in a previous post</a>, the stock market outperforms the real estate market AND any assets you have in it are much more liquid. Car breaks down? Invested in the stock market? Sell some stocks. Car breaks down? Invested in a house? Good luck with that.<br/><br/>Second one: “Don’t miss your chance to get a new home from blah. We offer competitive blah, blah, blah, and new homes are selling fast!”<br/><br/>First of all, if new homes were selling fast, you wouldn’t have to advertise on the radio. Secondly,<a href=”http://www.census.gov/const/fsalmon.pdf” target=”_blank”>new homes are NOT selling fast</a>. You see that “Months’ Supply at Current sales rate”? See it has been between 3-7 for nearly ever? See it is currently at 11+? Yeah.<br/><br/>Salesmen, keep on selling, but I’d suggest you target <a href=”http://www.wmzq.com/main.html” target=”_blank”>WMZQ</a> listeners a bit more than folks listening to the daily news on their commute. Yes, that’s a poke at country music = stupid people.<br/>
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