A real estate economist, let’s call him Cameron, tells a reporter, let’s call him Brian, that it’s not his role to say “whether or not it’s a good time to buy.” Brian writes his article. The editor readies it for print. The article claims the economist says “it just might be” a good time to buy real estate. Huh?
It’s a true story. Read it and believe it:
With home sales — and prices — dropping in B.C., is now a good time to invest in real estate?
The B.C. Real Estate Association says it just might be, pointing to a large drop in carrying costs for an investment property today compared to a year ago.
“It doesn’t matter what the market is doing, I don’t say whether or not it’s a good time to buy,” association chief economist Cameron Muir said in an interview Monday. “That being said, I would suspect investors are actively looking in the marketplace for bargains. If you compare today vs. a year ago, investing in real estate is more attractive than it was then.”
Friends, today I write a post in defense of Cameron Muir. It may be the most controversial I’ve ever typed. If you think this is heretical, remember why you read this blog. You come here for fresh perspective, so-so jokes, and the hope that I went easy on your chosen profession.
Muir says a lot of things in the interview. What I don’t see is a recommendation to buy. His talking points say buying is “more attractive” now than it was last year, but there’s no call to action. None. The Sun hyped him.
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