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Registered Apr 20, 2012
zesta's most recent comments:
- On Fri, 28 Feb 2014, 2:59am PST
What happens if nobody buys the Baby Boomers' houses?,
When I read today’s featured story on Baby Boomers, I wondered what would happen if succeeding generations simply decided not to buy their houses.
I wonder what would happen to Google if people simply decided not to use the internet?
I wonder what would happen to Toyota if people simply decided not to drive?
- On Mon, 30 Dec 2013, 1:42pm PST
3 years since we bought!!,
you dismiss home prices never correct to long term mean...which they do!
Detroit, MI--> GREAT BUY!!! It's going to revert to 1950s prices + inflation, no doubt. Don't mind that it's lost more than 50% of the population, the graph never lies.
There's nothing like investing based on a graph.
- On Mon, 9 Sep 2013, 4:09am PDT
Bay Area rents soaring,
Here's a good example of how badly Case-Shiller does.
The C/S Index is faulty pre-1987.
He uses different data sets for different periods of time. It's not entirely his fault since good data simply wasn't available then. I don't think he does a good job of explaining the differences in the data set.
That ubiquitous graph of housing prices from 1890 - 2006 is junk.
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