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Economists And Strategists Are Stunned By Housing Fade, Told You So
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2014 May 23, 10:32am 9,538 views 26 comments
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Strategist
2014 May 27, 12:03pm
The bears will be stunned by this revelation.
Stunned by what?? That you idiots in CA overpay for housing....
Yeah, I guess I'm stunned by that....
The bears will be stunned by this revelation.
Stunned by what?? That you idiots in CA overpay for housing....
Yeah, I guess I'm stunned by that....
Homes in California are free. Know why?
Home appreciate in California by 6%, but the interest rate is only 4%.
Who'se the idiot?
Strategist
2014 May 27, 12:03pm
But our "Real Estate Professionals" say it's a great time to buy!
What to do, what to do.
Buy.
Bubbabeefcake
2014 May 27, 12:22pm
But our "Real Estate Professionals" say it's a great time to buy!
What to do, what to do.
Beware of falling knives.....
Strategist
2014 May 27, 12:28pm
The bears will be stunned by this revelation.
Stunned by what?? That you idiots in CA overpay for housing....
Yeah, I guess I'm stunned by that....
Homes in California are free. Know why?
Home appreciate in California by 6%, but the interest rate is only 4%.
Who'se the idiot?
Based on your thought process, you should make all 3/2 houses in CA sell for $5 million!!! After all, you gain 2%, so all prices should be ramped up!!
Just think of the return on investment!!! Hell, make it $10 million...
he h he
You know i'm right......Don't you?
Strategist
2014 May 27, 12:29pm
But our "Real Estate Professionals" say it's a great time to buy!
What to do, what to do.
Beware of falling knives.....
No falling knives. Just falling money, catch all you can.
Bubbabeefcake
2014 May 27, 12:53pm
But our "Real Estate Professionals" say it's a great time to buy!
What to do, what to do.
Beware of falling knives.....
No falling knives. Just falling money, catch all you can.
Bernanke bucks falling from the printing press until the Hawk dives in....she sure is a purdy bird
Strategist
2014 May 27, 1:44pm
he h he
You know i'm right......Don't you?
OK Make it $15 million for a 3/2.... Just think of the 2% return on that investment!!!
Wether it's $500,000 per home or $15 million it's still 2%. It's the percent return that counts.
Besides I don't have $15 million.
And it's more then 2% when you add in the rents.
When has a realtor ever said it's not a good time to sell or a good time to buy? Never.
It's always a good time for a realtor to get a commission.
smaulgld
2014 May 27, 11:18pm
Well this new report contradicts that! According to a new report by the California Association of Realtors, showing true signs of improvement, California’s housing market continued to perform better than expected in April with both the median home price and home sales increasing month to month.
Law of small numbers!
http://smaulgld.com/housing-recovery-law-small-numbers/
Home sales increasing in April from March's dismal numbers is a not a sign of a recovery.
At least the article points out that April sales in 2014 were down 7% from April 2013.
Bubbabeefcake
2014 May 28, 12:28am
Well this new report contradicts that! According to a new report by the California Association of Realtors, showing true signs of improvement, California’s housing market continued to perform better than expected in April with both the median home price and home sales increasing month to month.
Law of small numbers!
http://smaulgld.com/housing-recovery-law-small-numbers/
Home sales increasing in April from March's dismal numbers is a not a sign of a recovery.
At least the article points out that April sales in 2014 were down 7% from April 2013.
.....the sawtooth downward trend, it seems so eerily familiar
with both the median home price and home sales increasing month to month
Home sales increasing in April from March's dismal numbers is a not a sign of a recovery. At least the article points out that April sales in 2014 were down 7% from April 2013.
Agree with smaulgld on this one -- the YOY number is much more important. The sales number *always* increases from March to April because housing sales are seasonal. Using the MOM number is manipulative and just spin.
ttsmyf
2014 May 28, 7:05am
Last three quarters for national Real Homes are flat.
2013 Q3, 2013 Q4, 2014 Q1
See here:
http://www.showrealhist.com/RHtable.html
Strategist
2014 May 28, 10:57am
Besides I don't have $15 million.
Ask your wife for a raise in your allowance...
She said I'm not worth it.
Dan8267
2014 Jun 19, 8:12am
From the webpage,
0
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Amateurs. Professionals don't leak SQL statements and error internals to the whole world.
Strategist
2014 Jun 19, 9:29am
From the webpage,
0
Error: 0
SQL=SELECT c.id, c.created_by, d.username FROM joo_content c, joo_users d WHERE c.id=2185:economists-stunned-by-housing-fade-told-you-so AND d.id=c.created_by
Amateurs. Professionals don't leak SQL statements and error internals to the whole world.
Better make some changes @Bubbabear
What happens on patnet, never stays on Patnet.
Realtors are always singing to their own tune. They are as trustworthy as 2nd hand car salesmen! Just like Behzax trying to convince everyone here of something that had it been obvious and true it wouldn't need to be so overstated as such. And Strategist must have invested heavily drumming up ridiculous economics talking about returns as if hard assets somehow magically work like ATM machines. Are any of you tracking how long expensive homes are sitting on the market? No really, anyone?! Only the crappy homes are the ones selling and once the more expensive homes have price reductions in order to sell, it doesn't take a genius to speculate what is going to happen to the cheaper home prices. 2% return my foot. You still have to maintain rental property and pay property tax which I am sure is more than the 2% that you're gleaming about. Mooo...
ttsmyf
2014 Jun 19, 11:55am
Winnie,
The system is severely corrupt: These VERY instructive histories are kept out of sight -- which is intellectual savagery.
Intro
http://www.showrealhist.com/yTRIAL.html
The Public Be Suckered
http://patrick.net/?p=1230886
California’s housing market continued to perform better than expected
how do you define better than expected. at best home prices track inflation, and has so for the past 80 years. Not possible to overperform as we have seen.
fact is people cling to the notion that RE is the only investment for them with expectations of 10% or more appreciation every year. thats called a bubble ... it never went away in CA...
When has a realtor ever said it's not a good time to sell or a good time to buy? Never.
It's always a good time for a realtor to get a commission.
in all of the mess created with RE bubble not one question has been raised on how Realtors have help inflate home prices... Not one!
Stunned by what?? That you idiots in CA overpay for housing....
Yeah, I guess I'm stunned by that....
LOL! The many who overpaid are not Californian.. No Californian would overpay given we saw prices fall from 1989 to mid 90s... but someone from Connecticut and New York certainly would, and many have.
On the flip side, many Californians who sold, retired early moving south.
bubblesitter
2014 Jun 19, 1:31pm
Database is down? No problem, I'll display the table designs/SQL statements for users to figure it out. LOL.
http://streettalklive.com/index.php/component/flexicontent/2-the-daily-x-change/2185-economists-stunned-by-housing-fade-told-you-so.html
#housing