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There is no real estate bubble !


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2006 Sep 6, 3:39pm   13,566 views  160 comments

by StuckInBA   ➕follow (0)   💰tip   ignore  

tombstone

I now agree with the housing bulls. There is no housing bubble.

The bubble is no longer "is", it is now "was".

Yes, I think it's time to officially declare that there is no longer a housing bubble in USA. There was one, whose size, implications and aftermath are the only remaining questions. The MSM has jumped on the bandwagon. The bulls (NAR, CAR and their mouthpieces) have no clue as to how to describe the situation.

The depth and speed of the unwinding process seems to have surprised everyone. Take a look at the DQ charts for Bay Area.

http://www.dqnews.com/ZIPSJMN.shtm

San Mateo and Santa Cruz have -ve YOY gains for the median. Santa Clara is holding to a 0.1% gain. The price per SQFT is also rapidly trending downwards. Sales have fallen over the cliff. No matter how faulty and lagging these indicators are, they will make headlines. I was hoping to see that (-ve YOY median in Santa Clara county) happen by the end of this year. Seems like we are way ahead of schedule.

Maybe we all wish this to get over quickly, but we know it won't. Still, do you think it's happening faster than you had expected ? Or slower ? Or about the same ?

- StuckInBA

#housing

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158   astrid   2006 Sep 11, 4:04am  

brahma,

Nothing wrong with vegetarianism. The problem is when they start proslytizing, especially when they proslyetize with misleading information. Also, they're a pain in social gatherings.

159   Peter P   2006 Sep 11, 6:28am  

Try some vegetarian Indian cuisine, the vast array of vegetarian dishes possible will show how evolutionally deprived this country is when it comes to vegetarian cooking.

I have tried many different type of veggie cuisines and I do like some. Truffles, for example, are truly wonderful.

I actually like veggies a lot (esp. arugula, broccoli rabe, chards, exotic mushrooms) but I like to cook them with chicken broth and/or bacon drippings.

However, there is no point restricting myself to just vegetables when there are so much out there.

Sorry, I do believe that the detiny of a farm animal is to be harvested. BTW, how do you know that you are not being cruel to vegetables when you harvest them?

Often meat itself is tasteless but the seasonings provide the taste, aroma and flavor.

Try kobe beef and toro. They have more flavor than seasonings.

I heard somewhere that many vegetarians have converted after trying kobe beef.

160   Peter P   2006 Sep 11, 6:34am  

I guess you will never grasp the hidden truth of animal cruelty until you yourself truly are victimised in a very bad way by lets say..the system…with very little possibility for redemption or recourse for no fault of yours.

I am sorry but animal cruelty really does not bother me. Do you know how many humans are suffering as we speak? I do not have time or energy to worry about food being mistreated.

No fault? How can you be sure?

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