patrick.net

I'm betting it's the latter, bubbly.

The OFHEO released its House Price Index(HPI) for Q1 2007 this morning.
Here are some Bay Area lowlights for those of you who don't want to sift through the report.
Quarterly appreciation for Metropolitan Statistical Areas and Divisions:
San Francisco-San Mateo-Redwood City, CA (MSAD) 0.35
San Jose-Sunnyvale-Santa Clara, CA -0.77
Oakland-Fremont-Hayward, CA (MSAD) -1.08

And some other lowlights:
Sacramento-Arden-Arcade-Roseville, CA -1.99
Modesto, CA -3.37
Merced, CA -2.91
Stockton, CA -2.62
Santa Cruz-Watsonville, CA -0.88
San Diego-Carlsbad-San Marcos, CA -1.12

15. How does the HPI differ from the S&P/Case-Shiller® Home Price indexes?
Although both indexes employ the same fundamental repeat-valuations approach, there are a number of data and methodology differences. Among the dissimilarities:
a. The S&P/Case-Shiller indexes only use purchase prices in index calibration, while the all-transactions HPI also includes refinance appraisals. OFHEO’s purchaseonly series is restricted to purchase prices, as are the S&P/Case-Shiller indexes.
b. OFHEO’s valuation data are derived from conforming, conventional mortgages provided by Fannie Mae and Freddie Mac My comment: conforming loans limited to $417,000. The S&P/Case-Shiller indexes use information obtained from county assessor and recorder offices.
c. The S&P/Case-Shiller indexes are value-weighted, meaning that price trends for more expensive homes have greater influence on estimated price changes than other homes. OFHEO’s index weights price trends equally for all properties.
d. The geographic coverage of the indexes differs. The S&P/Case-Shiller National Home Price Index, for example, does not have valuation data from 13 states. OFHEO’s U.S. Index is calculated using data from all states.

For a moment there, I thought Casey was handling fire arms.

Good riddance. If he took the "haterz" advice and quite in the first few weeks of the blog, he could have saved his reputation, probably go into bankruptcy and emerge with a relatively clean slate.

Nigel Swaby just posted about IAFF's shutdown at his DHC site. Claims Casey sent him an email explaining it was due to him violating the "contract" with wifey:

http://donthatecasey.blogspot.com/

"(kind of like the local furniture store that's perpetually 'going out of business')" LOL!

That pretty much sums up the whole downside of the bubble to date!

That's it! The FINAL Weekend of D.R Horton's 100K Off Promotion!

(Yeah, until next weekend!)

Right along with "calling bottoms" in consecutive months, quarters .... I remember the other @ssclowns but who was the "cupcake lady"?

Yeah and the Woodhulls. They're a couple of horses asses too aren't they? 9 re-fi's in 9 years. Not a record, but very respectable.

So they bought their place in DC for $254,000 in 1998 (but they think it's worth SIX TIMES that now?) Rally? So over 1.5 mil. If they owe 1/2 that I guess they're feeling pretty smug. They were able to deplete over $500,000 in tax free money to buy even MORE investment properties! Now they owe THREE times what they originally paid not to mention the other properties they're racking up bills on! Nothing like being your own GF now is there?

Summary: Just a 24-old dude who wanted all the privileges of adulthood with none of the responsibilities. Extending to stuff like honor, duty and honesty.

So he's a boomer?

passthebubbly,

Hey man! How are you doin'? I left a couple of messages for Frankie but haven't heard back in awhile. He's probably at some "sober retreat" or something like that. Anyway, good to hear from you!

That Nigel Swaby site is just weird.

Correct, except remove "site" from your sentence...

@passthebubbly,

Well you certainly are welcome here! Skibum and I came to the same conclusion at just about the same time. It just seemed like too many people were trying to "out bear" one another. I still love reading Ben's post it's just the comments that get depressing. Dow @ 4,000, buy gold etc. etc.

http://en.wikipedia.org/wiki/Casey_Serin

TJRome,

Peter P gave you the "real" Wikipedia link. Now here's the equally informative, yet even more entertaining, "Caseypedia" link: http://www.caseypedia.com/wiki/Main_Page

A house came up 4 blocks from my workplace, and it was a nice old house turned into 3 shitty rentals. The wife and I are thinking about buying it and converting it back into a real house. [snip] They’re asking 860k.

I can't seem to find anything matching that description on MLS...