| dannybsmith
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In United States
Registered May 27, 2008
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dannybsmith's most recent comments:
- On 26 Sep 2012
in
API test scores and real estate prices,
dannybsmith said:
Goran_K says
some of the top universities try to pick from the Top 5-10% of the class. So going to a hyper-competitive school can actually hurt an applicants case because it's so much harder to bubble to the top, where if they had gone to a slightly less competitive school, they would have been in the Top 5%.
Not really true. I went to a top 10 university. I was only in the top 25% of my high school class. It was a very competitive, private prep school. Universities take the competitiveness of your school into consideration. - On 21 Sep 2012
in
Is the house mortgage interest deduction really at risk?,
dannybsmith said:
Don't get your hopes up, people. The NAR will never, NEVER, EVER let this thing go away. They are a powerful lobbying group, but if cutting it were every seriously proposed, the would circle the wagons and make a lobbying push that would make the NRA blush.
It's terrible, wasteful public policy, and all it does is artificially boost home prices. But it's not going anywhere EVER. - On 21 Sep 2012
in
Here's Why There's No Housing Recovery And Prices Will Collapse,
dannybsmith said:
vrpirata says
This guy keep making the same mistake of compensating ONLY for inflation. He NEEDS to compensate also for Interest Rates!!!
The scary thing about your thesis, the flip side of the interest rate decline you are talking about, is the fact that - yes, interest rates have been declining for 30 straight years with only a minor bump or two in the road. They can't decline any further. How much of the housing appreciation of the last 30 years was DIRECTLY tied to consistently falling rates?
...and what happens when rates rise?
And to all those who say "prices are going up," I invite you to look at any housing price chart for the last 5 years. We've had a spring bounce every year. And what happens after that?
See you folks at the bottom.
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