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For the record, Iwog's prediction for 2014 will be dead wrong


By Iwag   Follow   Mon, 16 Sep 2013, 2:06am PDT   8,308 views   220 comments
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This asshole thinks housing prices are going to soar in 2014 and inventory is going to go to nothing and i just wanted to post this thread to have a record, just in case that slimey weasel goes back and changes his prediction, to show what an utter asshole he is when housing prices tank and his wifes investment goes down the gutter in concord.

iwog says

We are going higher in 2014. Probably much higher. Most California counties look like San Diego. Not only are the price gains continuing but new inventory is NOT forthcoming.

now this assholes prediction cannot be changed or edited, and in 2014 we all get to laugh at how wrong he was just like he was in 2010 when he told people to buy homes or else they would be fucked and then prices tanked which other posters have brought up numerous times

the real discussion should be how badly will iwog try to lie to cover up his failed predictions

will iwog lie like a realtor?
will iwog lie like a banker?
will iwog lie just like he always lies?

discuss!!!!

« First     « Previous     Comments 181-220 of 220     Last »

kmo722   Mon, 23 Sep 2013, 12:45pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 181

he's already wrong.. forget about 2014..

Iwag   Tue, 24 Sep 2013, 6:16am PDT   Share   Quote   Permalink   Like   Dislike (3)     Comment 182

bay area home prices dropped year over year in august from 2012 to 2013 and that was with lower inventory and better mortgage rates

some liar is about to get exposed

iwog   Tue, 24 Sep 2013, 6:25am PDT   Share   Quote   Permalink   Like   Dislike (3)     Comment 183

Iwag says

bay area home prices dropped year over year in august from 2012 to 2013 and that was with lower inventory and better mortgage rates

some liar is about to get exposed

Oh really?? Where did you get this particular bit of genius?

Iwag   Mon, 24 Mar 2014, 1:44am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 184

concord inventory up 30% year over year, FACT
concord sales down 20% year over year, FACT

iwog   Mon, 24 Mar 2014, 1:57am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 185

Iwag says

concord inventory up 30% year over year, FACT

concord sales down 20% year over year, FACT

iwog   Mon, 24 Mar 2014, 1:58am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 186

jojo says

Iwog, what's your take on this?

You're kidding right??

Why are you talking to a ridiculous troll?

It's still friggin March and prices are already doing exactly what I predicted they would do. Wait til June.

iwog   Mon, 24 Mar 2014, 2:02am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 187

jojo says

Iwog. That's not sales or inventory. You are not addressing sales or inventory.

1. I've never tied sales to anything I've ever said or predicted.
2. I never predicted falling inventory for Concord. I did say that inventory had not yet bottomed in many California markets (BEFORE they bottomed which means it was a prediction) and I was absolutely right.

Call it Crazy   Mon, 24 Mar 2014, 2:03am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 188

jojo says

Iwag says

concord inventory up 30% year over year, FACT

concord sales down 20% year over year, FACT

Iwog, what's your take on this?

Iwog's response is that he posts a chart that doesn't reflect neither of those questions of inventory or number of sales, but he posts a chart of Listing $/sq. ft.

You can't make this shit up people......

iwog   Mon, 24 Mar 2014, 2:06am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 189

jojo says

the chicken is dancing...

So troll #1 lies and troll #2 pretends he's right?

Are you people for real?

Iwag   Mon, 24 Mar 2014, 2:12am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 190

it makes me happy to see iwog destroy what little credibility he has left

now, lets wait for iwog to bring out all of his alt accounts to viciously defend him...

bigsby, tatupupu, strategist, cloud13 in 3.... 2.... 1......

iwog   Mon, 24 Mar 2014, 2:13am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 191

jojo says

iwog says

jojo says

the chicken is dancing...

So troll #1 lies and troll #2 pretends he's right?

Are you people for real?

anyone who disagrees with anything you say you classify as a troll.

No, people who lie about me not answering questions and people who confirm people lying about me not answering questions are trolls.

Do you disagree?

Call it Crazy   Mon, 24 Mar 2014, 2:15am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 192

jojo says

iwog says

jojo says

the chicken is dancing...

So troll #1 lies and troll #2 pretends he's right?

Are you people for real?

anyone who disagrees with anything you say you classify as a troll.

Just wait until he starts calling you all types of second grade little girl insults ... Then you'll really know he means business...

Iwag   Mon, 24 Mar 2014, 2:17am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 193

Iwog - "We are going higher in 2014. Probably much higher. Most California counties look like San Diego. Not only are the price gains continuing but new inventory is NOT forthcoming."

San Diego inventory: up 27% year over year
San Diego median sold price FLAT since july 2013

iwog   Mon, 24 Mar 2014, 2:18am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 194

jojo says

Like this?

Why are you changing the subject?

I posted a graph showing prices headed up in Concord. So?

I asked you a question. Do you disagree?

Iwag   Mon, 24 Mar 2014, 2:19am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 195

"I posted a graph showing prices headed up in Concord."

lol hahahaha

this liar can't even contain his lies when everyone is looking.

iwog   Mon, 24 Mar 2014, 2:22am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 196

jojo says

Call it Crazy says

Iwog's response is that he posts a chart that doesn't reflect neither of those questions of inventory or number of sales, but he posts a chart of Listing $/sq. ft.

You can't make this shit up people......

So you're not going to answer my question?

I answered both of YOUR questions and posted the chart.

Again......do you think that a person lying about responses is a troll?

Yes or no.

Iwag   Mon, 24 Mar 2014, 2:22am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 197

can we finally all just admit iwog is a classless troll?

the guy makes a grand prediction that inventory is going lower and prices skyrocketing in California

then when that doesnt happen in the market where he's heavily invested in, we're talking about his wifes life savings here, he dances and dances, and then post a graph of San Francisco (a market where he has ZERO investment) and says 'i was only talking about some markets in california'

what a lying asshole

iwog   Mon, 24 Mar 2014, 2:27am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 198

No answer huh jojo?

Figures.

Call it Crazy   Mon, 24 Mar 2014, 2:27am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 199

iwog says

jojo says

Like this?

Why are you changing the subject?

I posted a graph showing prices headed up in Concord. So?

I asked you a question. Do you disagree?

The question was Inventory and Total Sales, not Prices...

YOU changed it... which didn't reflect jojo's question...

Wow.... You REALLY can't make this shit up with him...

Iwag   Mon, 24 Mar 2014, 2:32am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 200

he also posted listing prices not actual sold prices

i wonder why

iwog   Mon, 24 Mar 2014, 2:39am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 201

Call it Crazy says

The question was Inventory and Total Sales, not Prices...

YOU changed it... which didn't reflect jojo's question...

1. I answered both questions.
2. I posted a chart of concord because the moron brought up Concord.

Too complicated for you?

iwog   Mon, 24 Mar 2014, 2:40am PDT   Share   Quote   Permalink   Like (1)   Dislike (2)     Comment 202

jojo says

Iwag says

he also posted listing prices not actual sold prices

i wonder why

maybe its a medical condition.

Actual sold prices are where we've been. Asking prices are where we're going. If you're looking to future market action, you have to look at asking prices.

Sold prices were flat through Winter which is extremely abnormal considering prices usually drop 5% or so during the winter.

iwog   Mon, 24 Mar 2014, 2:43am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 203

jojo says

iwog says

No answer huh jojo?

jojo says

Iwog. That's not sales or inventory. You are not addressing sales or inventory.

Right......do you need me to retype the question a third time?

I'll retype my answers a second time.

1. Sales are totally irrelevant and nothing that has ever been part of any of my predictions. Challenging me on them is retarded.
2. I never predicted a bottoming of inventory in Concord, however I did say that inventory was still declining in much of California.

So while I remain reasonable and answer pretty much everything, you're going to do what exactly? Keep running?

Call it Crazy   Mon, 24 Mar 2014, 2:46am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 204

iwog says

Call it Crazy says

The question was Inventory and Total Sales, not Prices...

YOU changed it... which didn't reflect jojo's question...

1. I answered both questions.

2. I posted a chart of concord because the moron brought up Concord.

Too complicated for you?

Apparently too complicated for YOU, or your reading comprehension...

Just as a refresher for the mentally impaired.....

Inventory and Total Sales IS NOT equal to Listing $/sq. ft...

You can try and spin your ignorance any way you want, but it won't help....

Iwag   Mon, 24 Mar 2014, 2:47am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 205

"I never predicted a bottoming of inventory in Concord, however I did say that inventory was still declining in much of California"

listen to this asshole

now he wasn't talking about the real estate market where he's 100% invested in, he's talking about 'other markets' where he has no financial ties at all

lol

Han   Mon, 24 Mar 2014, 2:49am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 206

iwog says

No answer huh jojo?

Figures.

Iwog, despite the fact that you provide thoughtful analysis and have been correct about many facets of California real estate, right now what you are doing is giving the trolls more ammunition - what they want is for you to get agitated (which may or may not have occurred), and keep replying and adding to this thread (which has certainly occurred).

Iwag's sole purpose is to bait you (and others on this forum), so every time you reply to his comments you are pretty much getting tooled.

But, if that's what you and SubOink and others want, then so be it - please enjoy :-)

By the way, I do not consider CiC or Jojo trolls...they may not agree with you, but I do not believe they are trolls.

iwog   Mon, 24 Mar 2014, 2:49am PDT   Share   Quote   Permalink   Like   Dislike (3)     Comment 207

jojo says

iwog says

Actual sold prices are where we've been. Asking prices are where we're going.

Anyone can ask for any price. If it fails to sell it is meaningless.

I've watched these charts for years now. A jump in asking prices almost always precedes a jump in selling prices.

If yo don't know this, it's clear you don't have the experience I do.

wave9x   Mon, 24 Mar 2014, 2:51am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 208

Iwag says

bay area home prices dropped year over year in august from 2012 to 2013 and that was with lower inventory and better mortgage rates

some liar is about to get exposed

Since you used Concord as your example, here are stats for Concord...
8/12 median sale $/sqft $198
8/12 median sale $290k

8/13 $/sqft $273 (38% YoY increase)
8/13 median sale $404k (39% YoY increase)

Iwag   Mon, 24 Mar 2014, 2:55am PDT   Share   Quote   Permalink   Like (2)   Dislike (2)     Comment 209

i never said concord in THAT post that you referenced. is that what you do iwog? take post out of context and then lie about their conclusions?

exfatguy   Mon, 24 Mar 2014, 3:01am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 210

Whether iwog is correct because he's a genius or just because he's guessed right, the fact is, he's right. Prices aren't ever going to go down. The United States housing market is global now, and there are a billion or more people in this world that can and will pay all-cash for any house regardless of location and regardless of condition.

My daughter just sold her Barbie dollhouse on Ebay. She was asking $10.00, and after a short bidding war it sold for $375,000 to an investor in China that immediately relisted it for double.

Call it Crazy   Mon, 24 Mar 2014, 3:10am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 211

jojo says

Iwag says

concord inventory up 30% year over year, FACT

concord sales down 20% year over year, FACT

Iwog, what's your take on this?

Here are quotes form Iwog's favorite Go-To site... It doesn't specifically state Concord, but it addresses the general area:

Home sales in Redfin’s 11 West Coast markets fell 13.4 percent in February from the year before, hitting a five-year low in the first two months of the year, and steep price increases are likely to blame.

Sales fell the most in Las Vegas (-22.7%), Sacramento (-21.8%) and Ventura, Calif. (-20.8%). But most West Coast markets have more inventory than this time last year and aren’t hampered by bad weather as many East Coast areas have been, which leaves affordability as the likely culprit for the sales slump.

In February, home inventory grew by double digits in Phoenix (38.5%), Sacramento (23.9%), Riverside, Calif. (22.8%), Ventura, Calif. (22.1%), San Diego (18.6%) and Los Angeles (17.8%), compared with a year ago.

Call it Crazy   Mon, 24 Mar 2014, 3:12am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 212

jojo says

Where a new listing might have attracted 10 or 12 offers last spring, 3 or 4 are coming in now; where 3 or 4 offers would have arrived, the seller is getting 1.

Interesting... And this from Redfin:

According to Redfin Los Angeles agent Eric Tan, “This time last year, sellers could name their price and still get 20 to 30 offers. This year, even homes that are priced competitively are only seeing two to three offers come in, often at or below list price. Pricing appropriately is crucial.”

RentingForHalfTheCost   Mon, 24 Mar 2014, 3:21am PDT   Share   Quote   Permalink   Like   Dislike     Comment 213

Call it Crazy says

jojo says

Where a new listing might have attracted 10 or 12 offers last spring, 3 or 4 are coming in now; where 3 or 4 offers would have arrived, the seller is getting 1.

Interesting... And this from Redfin:

According to Redfin Los Angeles agent Eric Tan, “This time last year, sellers could name their price and still get 20 to 30 offers. This year, even homes that are priced competitively are only seeing two to three offers come in, often at or below list price. Pricing appropriately is crucial.”

God is currently ignoring the need of Realtors to feed their families. After years and years of making sure they had the best, he is finally now turning his back. See what happens when you get greedy. Regular almonds wasn't enough, you had to go organic. Regular bread wasn't enough, you had to push for wheat germ free. Regular yogurt wasn't enough, you had to switch to Greek non-fat. Well now you need to switch back and actually suck it up and jump into the real work force. You know, the one where you actually have to contribute to society somehow. Not just get a cut of a simple sale event. God is not your friend anymore.

wave9x   Mon, 24 Mar 2014, 3:57am PDT   Share   Quote   Permalink   Like   Dislike     Comment 214

Iwag says

bay area home prices dropped year over year in august from 2012 to 2013 and that was with lower inventory and better mortgage rates

some liar is about to get exposed

Stats for the entire Bay Area:

8/12 median sale $410k
8/13 median sale $540k (31.7% YoY increase)

http://www.dqnews.com/Articles/2013/News/California/Bay-Area/RRBay130913.aspx

Prices way up in every single county.

Iwag   Mon, 24 Mar 2014, 4:06am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 215

i meant month over month

lattitude   Mon, 24 Mar 2014, 4:29am PDT   Share   Quote   Permalink   Like   Dislike     Comment 216

That Paragon link's author retracted his view that the market was slowing down in the March report (and now says the opposite is true).

lattitude   Mon, 24 Mar 2014, 4:54am PDT   Share   Quote   Permalink   Like   Dislike     Comment 217

http://www.paragon-re.com/03_14_SF_Home_Market_Heats_Up_Again

"We recently speculated on tentative signs that suggested a further market normalization, but now the indicators are pointing in a different direction. The inventory of homes available to purchase on any given day is even lower than before last year's furious market; buyer demand has emerged from its midwinter hibernation like a hungry bear; and prices are under increasing pressure once again."

Call it Crazy   Mon, 24 Mar 2014, 5:08am PDT   Share   Quote   Permalink   Like   Dislike     Comment 218

lattitude says

The inventory of homes available to purchase on any given day is even lower than before last year's furious market; buyer demand has emerged from its midwinter hibernation like a hungry bear; and prices are under increasing pressure once again."

I call BS on their statements. Either that, or Redfin is wrong. This quote above goes directly again the quotes from Redfin in my post #224 above...

According to Redfin, inventory is higher YoY by double digits and the number of sales (buyer interest) is down YoY by double digits...

So, who's correct.....

SubOink   Mon, 24 Mar 2014, 5:10am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 219

Iwag says

For the record, Iwog's prediction for 2014 will be dead wrong

Not sure where you have been ...so far the only one who's predictions have turned out completely wrong are yours - LOL

Don't be mad!

iwog   Mon, 24 Mar 2014, 5:12am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 220

jojo says

lattitude says

That Paragon link's author retracted his view that the market was slowing down in the March report (and now says the opposite is true).

Do you have a link?

You've got a lot to learn.

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