patrick.net

egads101 says

Making up a name like IWAG, and telling LIBELOUS lies is trolling.

Hmmm, Bob interesting, but why would I bother?

You certainly would, and as a Community College professor you have access to all kinds of IP addresses, both in your State, and out of State.

Welcome to the internet Bob. When will get tired of being caught?

smaulgld says

They do not add anything to the thread's topic which is whether there will be an interest rate shock.

We have a property for sale that has lost, from what the Real Estate agent tells me, $50K in sales price since May.

$50K from $725K is a little less than 10%, since May, but the last offer we got was for only $620K.

That is a lot of loss in pricing for a great location, in city, since May.

egads101 says

You blog all day, while your wife cleans toilets to make you money. How proud, such a success.

Now Bob, we have gone over this time, and time, and time again.

We have employees, Bob. We own a business.

Tell us all again about yourself, it never gets old.

David Losh says

That is a lot of loss in pricing for a great location, in city, since May.

And May was when the Fed started its taper talk

smaulgld says

And May was when the Fed started its taper talk

I have partners. In February I had to send my guys in to prepare the property for sale, because the dinosaur Real Estate agent wanted to wait until May. She also stopped our work because she thought we could sell where is as is, what a moron.

That cost us big time.

The second thing to come up was that the partners wanted to wait until next year. I pointed out that Bernanke will be gone next year, and that waiting would cost us more.

Well, in the mean time we just had another Market Analysis done on our Wyoming property, and it is half the price of what we could have gotten if we sold in 2006, or even 2010, from what the other Real Estate agent is saying.

Real Estate outside of the Case Shiller Index is pretty dismal. Even with the exuberance not all markets were doing well, now it's starting to show some wear.