patrick.net

Mandy Lifeboats says

Do you think he'll lose FACE if his fellow agents catch him?

Mosdef!

robertoaribas says

Hey look what he says at minute 9, october of 2012...

"overall, I think the market has maxed out. If you are looking to sell, get on the market."

Yeah, if you took that advice, you lost a 30% gain till today!

You cannot look at it just from that perspective. First of all it takes time to make up your mind to sell and then some preparation, easily a couple of months to "get on the market", so one would likely have missed out on a much smaller price increase. Also, if somebody sold their place for 30% less before the point when prices started tumbling during the 2007/2008 crisis, they would have done very well! Lastly, can't go broke selling for a profit.

Vegas is the canary in the coal mine...

You answered your own question with your defensiveness... Take a pill. Vegas is the canary in the coal mine... Comment stands...

robertoaribas says

kmo722 says

Vegas is the canary in the coal mine...

yeah, and that bird is singing just fine... so your point is?

mell says

Also, if somebody sold their place for 30% less before the point when prices started tumbling during the 2007/2008 crisis, they would have done very well!

in late 2006, both Vegas and Phoenix were approaching 2 years of housing inventory. In that video, by his numbers, that zip code now has 5 weeks of inventory....

so your comparison is ridiculous.

given his data, the most logical prediction is continued, but slower home price increases for the next six months.

You wish...

robertoaribas says

mandy, well in this post, I answer with a lot of FACTS, and then receive an insult for my trouble. If kmo bothered to respond to any of the number of deductive logical elements I write, i wouldn't insult him/her. However, you'll notice that is not the case. Sadly, either kmo lacks the intelligence, or realizes the issue is lost, and thus responds with banal nonsense.

first of all jackass.. my comments were not directed at you.. second of all, jackass, Vegas IS the canary in the coal mine.. I did not say the canary is dead yet.... it will have its day again.. probably sooner than you think.. again, your defensiveness has proven my point.. Vegas is the canary in the coal mine.. was in 2006 and will be again.. and, by the way, Phoenix ain't too far behind.. you want facts, check the price history and sales of Vegas (and Phoenix) before the crash.. there are your facts, so stuff them..

Mandy Lifeboats says

I am also cautious because it's not just this guy Lebo who is saying this. Two other local high volume realtors have been very vocal about dumping their personal and investment properties in anticipation of another downturn

and that about sums up the total contributions of most RE "professionals" to our country and economy...

.. robertoaribas says

in late 2006, both Vegas and Phoenix were approaching 2 years of housing inventory

I just read some of your BS postings by the way (no, I don't read even close to all of them as I don't really care what you think or say).. I am quite humored by the fact that you made this post as a way of trying to disprove my point about Vegas.. very telling that you are clueless.. again, your post here has proven my point that Vegas is the canary in the coal mine...

Mandy Lifeboats says

In regard to your investments, well done.

perhaps we should all stroke his ego like that before each post... perhaps that is what he really covets..

any chance the local-ness of RE is making some of the differences between your view and some others?