Falling home prices “would certainly help to hold back the recovery,” economist Paul Dales of Capital Economics told the Wall Street Journal. “You end up in a home-price-depreciation death spiral,” chimed in Amherst Securities Group’s Laurie Goodman.

In other words, according to the experts, cheaper housing is a bad thing.

Jim Klinge, America’s most realistic realtor, begs to differ.

“There’s a rampant brush of ignorance going around,” Klinge told The Daily Caller from his home base in northern San Diego. “The current sellers are priced higher than they should be; higher than they were in April.”

Klinge has been selling homes in California since the early 1990s, and is famous among California real estate types for his video series, “Jim the Realtor,” in which Klinge videotapes the crazier aspects of selling houses in the wake of the mortgage crisis.

“The mainstream media is addicted to spewing the most negative spin on everything that happens,” he said.

Read more: http://dailycaller.com/2010/08/27/maybe-falling-home-prices-arent-a-bad-thing-for-the-economy/#ixzz0xnhW47Wh