A New York Times weblog picked up the LA Times’s article on the price reductions on the Frank Lloyd Wright homes for sale in California. The NY Times blogger wrote this:
“One owner is considering a deal to move one of the houses to Japan.”
No, that’s not what the LA paper reported. What was reported was that the listing agent for the house claimed that it was a possibility. Yeah, maybe the agent is telling the whole, unvarnished truth. And, maybe that infinite number of monkeys have just about finished the complete works of William Shakespeare too. Both events are statistically possible possible, but not likely to be occurring at this moment.
Is the Millard House about to get crated off to Japan? God knows, I haven’t a clue. But I do know that the real estate bubble wasn’t caused by an excess of honesty on the part of real estate professionals.
Fun exercise: google “realtor rosey prediction”. See what I mean?
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