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Your 'work' would be bullshit anyway.
AGAIN:
Then according to Wookie, Utah, Colorado, Idaho, Montana, West Virginia, Tennessee, Nebraska, Missouri, Oklahoma, and Arkansas are 'coastal areas'.
Dude, the topic of this thread is "housing prices peak 2". The topic of this thread is not "let's try to prove Wookieman wrong".
B.A.C.A.H. says
Dude, the topic of this thread is "housing prices peak 2". The topic of this thread is not "let's try to prove Wookieman wrong".
Sure. Let him get away with posting crap on this and other rhreads.
Dude I told you my reasoning. The NATIONAL loses are due to coastal areas. Not a 2% loss in Arkansas or Oklahoma.
No. You changed your tune.
A 2% loss in Arkansas is a nothing burger. A 15% loss in CA move the needle but doesn't really matter to much of the country.
Do you not know what coastal areas are dude
^^^^ part of your tune is changing definitions. Once again, you got caught but insist otherwise.
Oklahoma isn't on the coast.
Some are not on the coasts.
https://www.yahoo.com/finance/news/sellers-flooding-home-market-while-175657593.html
The bulk of the loses is in coastal areas
WookieMan says
The bulk of the loses is in coastal areas
More of you twisting things around because you can't admit you were full of shit.
https://finance.yahoo.com/news/falling-rents-could-good-news-145527021.html
Falling Rents Could Be Good News for Inflation
More of those 'coastal states (only)' taking hits in the R/E!
More of those 'coastal states (only)' taking hits in the R/E!
Coastal markets drive the national narrative. It's not even a debate.
Coastal markets drive the national narrative. It's not even a debate.
WookieMan says
Coastal markets drive the national narrative. It's not even a debate.
Keep posting gaslighting bullshit because you can't admit you were wrong in your initial statement.
WookieMan says
Coastal markets drive the national narrative. It's not even a debate.
Keep posting gaslighting bullshit because you can't admit you were wrong in your initial statement.
What props up those regions like in California ?
I don't know of any municipality or agency within California that isn't facing a fiscal crisis. And that's in an up economy.
Looks like the Case/Shiller had another up month (new record high) recovering from a slight downturn from the previous 2 months.
The City of Los Angeles has a $1 billion+ city budget deficit,
EBGuy says
The City of Los Angeles has a $1 billion+ city budget deficit,
Thanks for a very well-written post EBGuy. I wonder if the respective muni bond ratings will suffer.
Don't understand bonds, but they'll just raise property taxes. That's what they did in Chicago when pensions were on the verge of collapse.
WookieMan says
Don't understand bonds, but they'll just raise property taxes. That's what they did in Chicago when pensions were on the verge of collapse.
Can't do that in LA or even the rest of the cities. Prop 13.
The City of Los Angeles has a $1 billion+ city budget deficit,
San Diego is over $300 million in debt.
The City of Sacramento has a $66 million budget deficit.
San Francisco has a $876 million budget deficit.
Oh ffs!
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.