Case-Shiller Up in April, But It's All Spring Bounce

Submitted by Rich Toscano on June 29, 2011 - 6:47pm
As foreshadowed by the median price data, the Case-Shiller index for San Diego home prices rose in April.  Here's a look at the CS index since the start of the rebound that began in early 2009:



continue reading at voiceofsandiego.org

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Submitted by urbanrealtor on June 30, 2011 - 8:49pm.

Dear Buddha:
I want a rocket and a pony and.....uhhhh....a new chart set showing payment and ppsf over time with median income held constant.

Its all I have ever wanted.

That and maybe some empirical evidence showing that lower marginal tax rates in the highest brackets lead to job creation.

But I would settle for the charts and the pony.

Submitted by Rich Toscano on June 30, 2011 - 9:08pm.

There's something very similar here:

http://piggington.com/shambling_towards_...

(except it's CS index instead of ppsf, and per capita income instead of median income bc the latter is not available as far back historically)

This is from Feb but I am planning to update it soon.

Submitted by urbanrealtor on June 30, 2011 - 10:45pm.

Yes.
I know.
It is posted on the front window of Principle Real Estate Group.
Would love to see the updated version.

And the pony.

Anytime soon?

Submitted by Jazzman on July 1, 2011 - 8:24am.

Am I wrong here, or didn't we get seasonal blips even at the height of the bust?

Submitted by Rich Toscano on July 1, 2011 - 8:53am.

Jazzman wrote:
Am I wrong here, or didn't we get seasonal blips even at the height of the bust?

This graph would answer that question best:

Submitted by Rich Toscano on July 1, 2011 - 8:55am.

urbanrealtor wrote:
Yes.
I know.
It is posted on the front window of Principle Real Estate Group.
Would love to see the updated version.

And the pony.

Anytime soon?

Understood. :-)

I'm hoping to get to that within the next couple weeks.

On that other issue, would you settle for two cats?

Submitted by pencilneck on July 1, 2011 - 10:18am.

According to experts the average weight of a pony is 600-650 lbs and a house cat is 9-12 lbs. By weight this makes a pony worth around 59.5 cats. But weight, strictly speaking, is probably irrelevant when it comes to house pets.

Assuming that Urbanrealtor wants to keep the pony as a pet makes the hedonic adjusting of one pony to an unknown quantity of cats a little more complicated. Rather than weight, the most important aspect of a pet is obviously its surface area. Taking the cubic roots of their average weights makes a pony worth at least 4.1 cats.

Nice try Rich.

Submitted by FormerSanDiegan on July 1, 2011 - 11:26am.

Jazzman wrote:
Am I wrong here, or didn't we get seasonal blips even at the height of the bust?

Seasonal variations have been there all along.

The difference is that during the ride up, and rapid descent down, the magnitude of the longer term changes far exceeded the magnitude of the seasonal or short-term effects. Now that House price action is essentially flat, seasonal fluctuations are larger than or of the same order of magnitude as the long-term changes and thus appear more important.

As the market flattens or remians relatively flat, people will "rediscover" seasonal patterns in homoe price data.

Submitted by FormerSanDiegan on July 1, 2011 - 11:28am.

pencilneck wrote:
According to experts the average weight of a pony is 600-650 lbs and a house cat is 9-12 lbs. By weight this makes a pony worth around 59.5 cats. But weight, strictly speaking, is probably irrelevant when it comes to house pets.

Assuming that Urbanrealtor wants to keep the pony as a pet makes the hedonic adjusting of one pony to an unknown quantity of cats a little more complicated. Rather than weight, the most important aspect of a pet is obviously its surface area. Taking the cubic roots of their average weights makes a pony worth at least 4.1 cats.

Nice try Rich.

But since cats have 9 lives, and ponies have but one, wouldn't that make a pony worth ~ 0.455 cats ?

I am sure there are plenty of people who are in factor of fractional cats.

Submitted by Rich Toscano on July 1, 2011 - 1:59pm.

pencilneck wrote:
According to experts the average weight of a pony is 600-650 lbs and a house cat is 9-12 lbs. By weight this makes a pony worth around 59.5 cats. But weight, strictly speaking, is probably irrelevant when it comes to house pets.

Assuming that Urbanrealtor wants to keep the pony as a pet makes the hedonic adjusting of one pony to an unknown quantity of cats a little more complicated. Rather than weight, the most important aspect of a pet is obviously its surface area. Taking the cubic roots of their average weights makes a pony worth at least 4.1 cats.

Nice try Rich.

In my defense, one of them is grossly obese. But anyway, weight and surface area are arbitrary measures. FSD noted number of lives; I would also propose that these particular cats can outperform a pony in the following skills:

- Vomiting on the sofa.
- Making an unholy racket.
- Walking on my head when I'm trying to sleep.

Submitted by urbanrealtor on July 1, 2011 - 9:42pm.

pencilneck wrote:
According to experts the average weight of a pony is 600-650 lbs and a house cat is 9-12 lbs. By weight this makes a pony worth around 59.5 cats. But weight, strictly speaking, is probably irrelevant when it comes to house pets.

Assuming that Urbanrealtor wants to keep the pony as a pet makes the hedonic adjusting of one pony to an unknown quantity of cats a little more complicated. Rather than weight, the most important aspect of a pet is obviously its surface area. Taking the cubic roots of their average weights makes a pony worth at least 4.1 cats.

Nice try Rich.

This leads me to recall my favorite aphorism of the philosopher Jayne Cobb.

"If wishes were horses, we'd all be eating steak."

I doubt he would have settled for cat.

Though they are tasty.

Submitted by moneymaker on July 9, 2011 - 11:30am.

If you're talking surface area you need to square 4.1 giving you roughly 17 cats. A prime number of cats. Kinda makes my skin crawl as I have already been exposed to 2 cats and each has issues.

Submitted by lindismith on July 14, 2011 - 12:09pm.

Rad thread!

I miss the Piggs! Need to lurk more often!

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