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dunnross
@
2012 Feb 5, 11:35pm
How do you figure? I think it's a good point showing that the FHFA graph that Thomas posts as gospel is really not. The trendline is open to much interpretation.
The point on the FHFA graph is not the trend line. Indeed, the trend line didn't serve as a resistance for Detroit and Las Vegas. The point is 100% of all bubbles deflate completely, and this one, has a long way to go.
RentingForHalfTheCost
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2012 Feb 6, 12:43am
Trend line has the correct slope, but the wrong direction. Doesn't take into consideration all the under qualified buyers that should not have been part of the buying pressure. That means the graph has a real and an imaginary component in the past. It make the future prediction based on the past results complicated. If you removed the imaginary then it would be pretty straight forward. The trend is down. Not a wish, a fact and the earlier everyone starts to realized this the quicker we can feel that sharp pain and start the recovery process. I own 4 homes so am really not hoping for this, but also like crunching numbers and the numbers tell me we the majority are in denial.
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This is the actual trend line which is actually much steeper than that one FHFA chart that keeps floating around here.