Patrick.net

Fiserv - Moody's Case-Shiller Forecast - SFBA

By SFace   Follow   Fri, 24 Feb 2012, 11:34am   11,309 views   135 comments
Watch (0)   Share   Quote   Permalink   Like   Dislike (1)  

Case-Shiller lags anywhere from 3-5 months at the field level., but...

Companies (particurarly banks) pay a lot of money to access subscription services generated by Fiserv and Moody's. Their good reputation is on the line

« First     « Previous     Viewing Comments 16-55 of 135     Next »     Last »     See most liked comments

1. Hysteresis Follow Befriend (2) 14 threads 648 comments

   16   3:41pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   CrazyMan says He's trying his best to prop up the market so he doesn't lose anymore money? It's amusing to watch people cheer lead RE when it's obvious they're worried about their own equity stake. +1

2. CrazyMan Follow Befriend 449 comments Boulder Creek, CA

   17   3:45pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   Tina, sounds like you're a RE agent that has something to lose as well.

3. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

   18   3:48pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   joshuatrio says http://patrick.net/forum/?p=612891 I agree.

4. SFace Follow Befriend (2) 61 threads 1,306 comments Premium

   19   4:02pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   thomas.wong1986 says And your point being here on patrick is what ??? Cheerleading, please, it's pointless. My only motivation is studying behaviors and how people reacts to behavior. Housing is fascinating in that regard. The social aspect of how people react, respond and choose what they choose and not choose what they choose. I try to add value by adding what I believe is true and correct things that doesn't make sense. Nothing more, take it for what its worth. Calculators and graphs are useless and explains nothing. Application and how things interwined and reaction is more interesting and useful. Ultimately of course to make money. Ultimately, I also believe house price have bottomed based on the facts as I understand them. The case Shiller in three months may reveal what is going on already.

5. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

   20   4:35pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   I think it's amusing that anyone who has a different opinion than the bears must either be a real estate agent or a homeowner desperate to prop up prices. Nevermind that it is totaly ridiculous to think that posting on pat.net will affect home prices... I think you guys might want to bone up on "groupthink". Start with the Bay of Pigs.

6. tdeloco Follow Befriend (2) 11 threads 218 comments San Jose, CA

   21   6:40pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   That graph is ludicrous. The whole point of the Case-Shiller index is to point out that home prices always go back to 100. Overvalued is over 100, undervalued is under 100, but prices will always go back to 100. Now, if you say it'll go up in nominal terms, that's another matter. Inflation can drive home prices up, but the value must come back down in real terms. It would be better if these guys claimed that the "new norm" is at the 125 or the 150 mark, and therefore the 100 mark should be moved up accordingly. That would imply that homes are currently undervalued and must go back to "the norm".

7. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   22   8:26pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   tatupu70 says I think it's amusing that anyone who has a different opinion than the bears must either be a real estate agent or a homeowner desperate to prop up prices. Nevermind that it is totaly ridiculous to think that posting on pat.net will affect home prices... 1 out of 50 in Calfornia is a real estate agent or directly related to RE business. God knows how many others out of state REA we imported... Vested interest .. there is plenty... http://www.bizjournals.com/sacramento/stories/2006/05/22/daily20.html?from_rss=1 New record: Nearly a half-million real estate licenses Nearly 500,000 people hold real estate licenses in California -- the most ever -- the California Department of Real Estate reported Tuesday. That equates to one real estate licensee for every 52 adults. In 2005, the number of real estate licensees soared to a record of more than 476,000, up 14 percent from the previous year and a 57 percent increase over five years ago. As of April, the trend continued with the number of licensees climbing to 495,000.

8. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

   23   8:31pm Fri 24 Feb 2012   Share   Quote   Permalink   Like   Dislike (1)   SFace says Cheerleading, please, it's pointless. My only motivation is studying behaviors and how people reacts to behavior. To study and render an objective opinion on hehavior you pretty managed to compromise your independence when you said.. "Ultimately, I also believe house price have bottomed based on the facts as I understand them." But "studying behaviors" is not your real objective.

9. B.A.C.A.H. Follow Befriend (6) 5 threads 2,359 comments

   24   10:32pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (2)   Dislike   Jeez there you go again, dignifying with argument someone who branded their handle with American Express Black.

10. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    25   11:59pm Fri 24 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   B.A.C.A.H. says Jeez there you go again, dignifying with argument someone who branded their handle with American Express Black. His handle is just and illustration of greed and self interest in a hope of a W-shaped recovery, after the V shaped didnt workout, and we are all back to the good ole days during the boom. .

11. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    26   1:37pm Sat 25 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   thomas.wong1986 says and we are all back to the good ole days during the boom. . It seems like BA prices and the forecast of BA are the only beacon of hope for the bulls. LOL.

12. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    27   3:24pm Sat 25 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   Yahoo! Jobs must be back full force. Wow, just a couple of weeks ago I thought I saw an article saying our unemployment rate was over 11% (the real number, not any voodoo or adjusted). Amazing how time flies and the world gets better in a few weeks. http://www.forbes.com/sites/peterferrara/2012/02/09/dont-be-fooled-the-obama-unemployment-rate-is-11/ No job improvement, then you can bet your grandmother's china that we will not see any housing improvement. The government is out of bullets to shoot. Time will be our witness here. Don't say I didn't warn you.

13. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

    28   5:10pm Sat 25 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   SFace says Companies (particurarly banks) pay a lot of money to access subscription services generated by Fiserv and Moody's. Their good reputation is on the line Their prediction contradicts 400 years of recorded data. There has never been a V-shaped recovery after a bubble collapse. There has never been a housing bubble even close to the proportion of this one we just had. A bubble of this magnitude justifies a crash of an equal magnitude followed by at least 2 decades of flat prices. Forget house buying until 2030 and look for 1975 prices coming back.

14. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

    29   5:13pm Sat 25 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   RentingForHalfTheCost says Yahoo! Jobs must be back full force. Wow, just a couple of weeks ago I thought I saw an article saying our unemployment rate was over 11% (the real number, not any voodoo or adjusted). Amazing how time flies and the world gets better in a few weeks. http://www.forbes.com/sites/peterferrara/2012/02/09/dont-be-fooled-the-obama-unemployment-rate-is-11/ No job improvement, then you can bet your grandmother's china that we will not see any housing improvement. The government is out of bullets to shoot. Time will be our witness here. Don't say I didn't warn you. So Morningstar is biased, but Forbes is OK?

15. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    30   10:32pm Sat 25 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   tatupu70 says So Morningstar is biased, but Forbes is OK? I've been following Peter for years. There are honest individual contributors that don't have to sell their soul to survive. Just good reportable facts do them justice. http://blogs.forbes.com/peterferrara/ Also, it is about the money trail. Forbes are not paid by anyone to report a particular way about jobs. Most main stream media outlets get a good source of money from the real estate industry. In return they keep quiet on anything negative about the housing market. Just the nature of the beast. If you dumped 10's of thousands to a paper each month running listing and kept seeing that same paper talk badly about the prospects of the housing market, you would most likely complain or move your listings somewhere else. I didn't invent this stuff, it is basic survival 101.

16. toothfairy Follow Befriend 40 threads 856 comments Oakland, CA

    31   7:20am Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   SFace says Companies (particurarly banks) pay a lot of money to access subscription services generated by Fiserv and Moody's. Their good reputation is on the line sometimes these forecasts are a self fulfilling prophesy. If the forecast is up banks and businesses position themselves accordingly in terms of lending and business deals and ends up going up. same thing happens on the way down.

17. swebb Follow Befriend (3) 29 threads 490 comments Denver, CO

    32   9:17am Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   tdeloco says That graph is ludicrous. The whole point of the Case-Shiller index is to point out that home prices always go back to 100. Overvalued is over 100, undervalued is under 100, but prices will always go back to 100. I don't agree with this. Wikipedia (I know) says: "The national index is normalized to have a value of 100 in the first quarter of 2000." But nothing about this representing some "right" value, above which houses are overpriced, and below which houses are underpriced. I don't see why values would have to revert to some norm, especially as population grows (and land doesn't), or some event or transformation happens to make a location more valuable. I bet Houston prices are higher than they would otherwise be if it weren't for the importance of oil...I bet the completion of the Erie canal was followed by a rise in values in newly connected cities. Statehood for Hawaii probably started a trend of increasing house (land) values.

18. SFace Follow Befriend (2) 61 threads 1,306 comments Premium

    33   10:17am Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   tdeloco says That graph is ludicrous. The whole point of the Case-Shiller index is to point out that home prices always go back to 100. Overvalued is over 100, undervalued is under 100, but prices will always go back to 100. (include Thomas' stupid graph he posted about 100 times about reverting back to the mean) That may be true if there are no transformative changes (that impact real estate prices) over the past decade. Transformative changes may include: 1) Interest Rates. 2) Supplies and household growth. 3) Income and net wealth 4) Taxes 5) Others such as lending environonment So with regards to SF over the last decade: 1) Interest rate went from 6-7% - 4% 2) No new SFH homes were added while new households were added. (Of course Condo's balanced that out as a competitive choice somewhat.. 3) Income grew but millionaires and wealth grew even faster. 4) MID is more lucrative and property tax rate is the same. Add-on's property tax in SF are non-existent. Combined, taxes have been landlord friendly. So no, it cannot revert to 100 given the above. Where it should be is of course where everyone likes to know.

19. robertoaribas Follow Befriend (23) 55 threads 3,798 comments Scottsdale, AZ robertoaribas's website

    34   11:40am Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   Even Dr. Robert Shiller said that rates can effect the long term trend of his index... interest rates are roughly 2/3 of what they were when the 100 level was set, that certainly figures into affordability.

20. tdeloco Follow Befriend (2) 11 threads 218 comments San Jose, CA

    35   1:03pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   swebb says Wikipedia (I know) says: "The national index is normalized to have a value of 100 in the first quarter of 2000." The original Case-Shiller spans 120 years and is normalized at 1890 values. That puts the version you mentioned normalized at approx 125 (eyeballed). What's fascinating is that we've had exponential population growth during the past century, yet the chart remains stable hovering near the 100 index. Population Growth: Full Case-Shiller graph: swebb says I don't see why values would have to revert to some norm, especially as population grows (and land doesn't) Your argument should've shown changes in the 120-year chart. I only see a 10-point shift for the years 1945-1997, a new norm for the 52-year span. Lots of things happened within this time frame, including steady decline in income taxes. Then, everything seemed out-of-whack after the year 2000. As I've argued, it is better to re-normalize the graph and move the 100-point mark. SFace says 1) Interest Rates. 2) Supplies and household growth. 3) Income and net wealth 4) Taxes 5) Others such as lending environonment Income Taxes rates are at their lowest in decades. Interest rates have also been at their lowest. I don't think either rate can move further down, so home prices should stabilize rather than grow exponentially. That constrains home prices to be a function of income. Just for the sake of example, if home prices stabilize at 5x a person's salary, when the average Joe earns $10k, home prices stabilize at $50k, and when average Joe earns $100k, home prices stabilize at $500k, assuming all other things remain constant. swebb says I bet Houston prices are higher than they would otherwise be If you look at the people actually living in them, the average should still be some number (say 5x) compared to the person's salary. Do realize that people who buy property in downtown areas tend to be highly paid. Prices are a function of their affordability (assuming all other things remain constant).

21. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 171 threads 4,211 comments Premium

    36   1:15pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (2)   Dislike   And income is whatever you say it is - or whatever the broker tells you to claim on the application he's helping you fill out with fictions.

22. tdeloco Follow Befriend (2) 11 threads 218 comments San Jose, CA

    37   1:17pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   SFace says So no, it cannot revert to 100 given the above. Where it should be is of course where everyone likes to know. I agree. Furthermore, the 100-point mark chosen by Moody's or Wikipedia seems completely arbitrary to me. Why is it 25 points higher with respect to the full graph?

23. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    38   2:39pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   tatupu70 says I think it's amusing that anyone who has a different opinion than the bears must either be a real estate agent or a homeowner desperate to prop up prices. Nevermind that it is totaly ridiculous to think that posting on pat.net will affect home prices... I think you guys might want to bone up on "groupthink". Start with the Bay of Pigs. Only because about 99% of the time it turns out to be true.

24. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    39   2:42pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   thomas.wong1986 says New record: Nearly a half-million real estate licenses Holy crap. Make no wonder we are screwed so bad. These clowns are now littering the unemployment lines. We just can't stop them from reaching in our pockets. Dammit.

25. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    40   2:44pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   dunnross says SFace says Companies (particurarly banks) pay a lot of money to access subscription services generated by Fiserv and Moody's. Their good reputation is on the line Their prediction contradicts 400 years of recorded data. There has never been a V-shaped recovery after a bubble collapse. There has never been a housing bubble even close to the proportion of this one we just had. A bubble of this magnitude justifies a crash of an equal magnitude followed by at least 2 decades of flat prices. Forget house buying until 2030 and look for 1975 prices coming back. +1

26. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    41   2:49pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   tdeloco says What's fascinating is that we've had exponential population growth during the past century Not really. It is closer to linear since 1960 and now is actually slowing. Many predict that we will be actually stagnant past 2030.

27. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

    42   2:51pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (1)   Dislike   RentingForHalfTheCost says tatupu70 says I think it's amusing that anyone who has a different opinion than the bears must either be a real estate agent or a homeowner desperate to prop up prices. Nevermind that it is totaly ridiculous to think that posting on pat.net will affect home prices... I think you guys might want to bone up on "groupthink". Start with the Bay of Pigs. Only because about 99% of the time it turns out to be true. lol--I rest my case.

28. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    43   2:53pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   tatupu70 says RentingForHalfTheCost says tatupu70 says I think it's amusing that anyone who has a different opinion than the bears must either be a real estate agent or a homeowner desperate to prop up prices. Nevermind that it is totaly ridiculous to think that posting on pat.net will affect home prices... I think you guys might want to bone up on "groupthink". Start with the Bay of Pigs. Only because about 99% of the time it turns out to be true. lol--I rest my case. Glad you feel good. It'll offset the 20% drop that is coming your way soon.

29. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

    44   4:05pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost says tatupu70 says RentingForHalfTheCost says tatupu70 says I think it's amusing that anyone who has a different opinion than the bears must either be a real estate agent or a homeowner desperate to prop up prices. Nevermind that it is totaly ridiculous to think that posting on pat.net will affect home prices... I think you guys might want to bone up on "groupthink". Start with the Bay of Pigs. Only because about 99% of the time it turns out to be true. lol--I rest my case. Glad you feel good. It'll offset the 20% drop that is coming your way soon. You could be right. You could be wrong. I'm pretty comfortable with the direction of my local market, but it's certainly possible that there are more losses to come. I'm open to either possibility--I am not a bear, but I come here to see what others think. Bulls, bears, neither... I just get the impression that your mind is made up and you only want to read things that agree with your viewpoint.

30. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    45   4:44pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   tatupu70 says I just get the impression that your mind is made up and you only want to read things that agree with your viewpoint. Data changes my mind. The real kind, not that fake stuff. Show me the data! No one has yet. Momentum is a bitch. I only see a wind pushing things down and lots of people crying that it cannot continue with absolutely no data to back up their claims. What kind of data? - Improving Jobs - Improving Salaries - Growth in GDP - Lowering of the Debt (not adding another trillion or more each year!) - A reduction in distressed properties (nothing but an increase happening) - No real inflation (did you see the price at the pump lately) - etc. etc. Everything is pointed in the absolute wrong direction for home prices. Not a few things, not a mix of things. Everything. The only thing the bull pundents got to grab onto is that we have low interest rates. What they are not realizing is that we have them because we just fell off a cliff. Imagine for one second the price of a BA home now, if interest rates stayed at the 6% range. That would show you how much has changed since 2007. Rates have had to drop over 100% relative just to stop the country from going bankrupt. Then we had to start buying up our own paper? Simply ludicrous.

31. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

    46   4:52pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost says Data changes my mind. The real kind, not that fake stuff. There's the rub. Any data I show will be the "fake" kind. Any data you show will be the "real" kind. Or stated another way--any data that agrees with your viewpoint is real, any that opposes your viewpoint is fake.

32. tdeloco Follow Befriend (2) 11 threads 218 comments San Jose, CA

    47   5:10pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   tatupu70 says There's the rub. Any data I show will be the "fake" kind. Any data you show will be the "real" kind. Your point is "confirmation bias"; I get it. Sadly, I agree with RentingForHalfTheCost. There is a mountain of data pointing towards the other direction compared to a few positive data points, and everyone is already claiming "bottom" and that it's all recovery from here. Also, the way they measure unemployment had always been rigged. I understood this over a decade ago (well before the bubble). My understanding hasn't changed. It was true then; it is still true now. When people no longer qualify for unemployment benefits, they drop out of this count (even if they didn't get a job).

33. tdeloco Follow Befriend (2) 11 threads 218 comments San Jose, CA

    48   5:24pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   More bearish data: http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php If you watch the video, it seems like we are headed for a recession. ECRI measures the economic cycle. I regularly look at the WLI (weekly leading index), as one of my lead economic indicators. From what I understand, the definition of a recession is when the annual GDP expansion is lower than the population growth (be it 1% or 2%). Fact of the matter is, it has been negative for the past few months. We're not growing, we're contracting.

34. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

    49   6:23pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   tdeloco says From what I understand, the definition of a recession is when the annual GDP expansion is lower than the population growth (be it 1% or 2%). There are probably several definitions that people like to use, but that is not the generally accepted definition. Most define it as negative GDP

35. JodyChunder Follow Befriend (3) 16 threads 1,378 comments Victorville, CA Premium

    50   6:28pm Sun 26 Feb 2012   Share   Quote   Permalink   Like (3)   Dislike   SFace says Calculators and graphs are useless and explains nothing. Application and how things interwined and reaction is more interesting and useful. That's pretty funny. Ever since you've been on here you've been proffering some rinky dink prediction of imminent appreciation in housing based upon this that or the other chart. Objective analysis of consumer beahavior is not evident in anything you've conveyed. It's just up up up with you.

36. thomas.wong1986 Follow Befriend 16 threads 4,426 comments

    51   7:03pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   SFace says That may be true if there are no transformative changes (that impact real estate prices) over the past decade. Transformative changes may include: 1) Interest Rates. 2) Supplies and household growth. 3) Income and net wealth 4) Taxes 5) Others such as lending environonment So with regards to SF over the last decade: 1) Interest rate went from 6-7% - 4% 2) No new SFH homes were added while new households were added. (Of course Condo's balanced that out as a competitive choice somewhat.. 3) Income grew but millionaires and wealth grew even faster. 4) MID is more lucrative and property tax rate is the same. Add-on's property tax in SF are non-existent. Combined, taxes have been landlord friendly. So no, it cannot revert to 100 given the above. Where it should be is of course where everyone likes to know. There isnt anything new form the above points. They been around for decades.. still prices do correct to the long run. Where you born yesterday ? sure sounds like it. From the local economic boom of the 80s to the eventual corrections, it has happened all before.

37. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,010 comments Pleasanton, CA Premium

    52   11:36pm Sun 26 Feb 2012   Share   Quote   Permalink   Like   Dislike   tatupu70 says RentingForHalfTheCost says Data changes my mind. The real kind, not that fake stuff. There's the rub. Any data I show will be the "fake" kind. Any data you show will be the "real" kind. Or stated another way--any data that agrees with your viewpoint is real, any that opposes your viewpoint is fake. Now you are showing that you are suffering from the exact things you are claiming I am suffering from. Instead of making up situations and assuming behavior, show some data! I got more than the 20% in waiting, and if you can show me data that it makes sense to buy in the BA, shit I'll use you for the realtard. ;)

38. tdeloco Follow Befriend (2) 11 threads 218 comments San Jose, CA

    53   1:38am Mon 27 Feb 2012   Share   Quote   Permalink   Like   Dislike   tatupu70 says There are probably several definitions that people like to use, but that is not the generally accepted definition. Most define it as negative GDP Ok, so I was wrong. What I'm trying to say is that there is a need to increase the GDP relative to the growth of the workforce. This shouldn't be the population growth per se, but the difference between the people entering the workforce minus leaving the workforce. If the GDP remains constant despite the increase in workforce, then either real unemployment is growing or everyone's salary is decreasing. Workforce - 2. (Economics) The total number of people who could be employed

39. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

    54   4:21am Mon 27 Feb 2012   Share   Quote   Permalink   Like   Dislike (1)   RentingForHalfTheCost says I got more than the 20% in waiting, and if you can show me data that it makes sense to buy in the BA, shit I'll use you for the realtard. ;) No--I certainly wouldn't make a recommendation to buy in the BA. When I lived in northern, CA, I rented too.

40. tatupu70 Follow Befriend (3) 15 threads 5,641 comments

    55   6:49am Mon 27 Feb 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost says Instead of making up situations and assuming behavior, show some data! The Morningstar article I posted has lots of data. http://finance.yahoo.com/news/housing-bottom-120000751.html If you read the article instead of disregarding it, you would have seen the data. Ignore the conclusions if you like, but the numbers don't lie.

« First     « Previous comments     Next comments »     Last »