Weekend Fun, or Possibly Quasi-Fun

Submitted by Rich Toscano on March 13, 2009 - 6:00pm

Below, please find a few tidbits to aid in any weekend procrastination you might be planning.

First, I'll be on KOGO (that would be the radio, AM 600) on Sunday at noon chatting with my buddy Scott Lewis, editor of voiceofsandiego.org, about housing and ye olde inflation/deflation debate. I know what we'll be talking about because we already recorded the segment, which was about 20 minutes long.

So tune in to hear the part where I know I have another a point to make, but I totally forget what it was, resulting some nice dead air. Smooooth.

The show should be archived here at some point.

Second, Jon Lansner of the OC Register is celebrating the 3-year anniversary of his housing blog by interviewing other housing bubble chroniclers. I'm up today.

Third, exactly a month ago I noted that the little Redfin price per square foot widget at the lower right exhibited a divergence between the direction of asking prices and selling prices. The post in question resulted in a lot of great comments speculating as to what it all means. For whatever it's worth, the divergence has since gotten bigger in the detached housing graph:

Here's one possible interpretation:

Have a great weekend, everyone...

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LoL! Best financial chart
Submitted by patientrenter on March 13, 2009 - 6:10pm.

LoL! Best financial chart I've seen in a while. You have a great weekend too, Rich.

Gator divergence. It'll bite
Submitted by peterb on March 14, 2009 - 10:28am.

Gator divergence. It'll bite ya.

Looks like asking is near to $260/sq.ft. and closing at $210/sq.ft.
So a 1500 sq ft house is selling for ~$300K, but they were asking ~$390K. Perhaps it's banks listing at debt and the market keeps lowering? Seems counter intuitive for this divergence to be occuring in a free market.

Rich, Good luck to the very
Submitted by Russell on March 14, 2009 - 4:47pm.

Rich,
Good luck to the very informative "Voice of San Diego". I have appreciated articles by Scott and ,of course, yours. My better half and I will tune in tomorrow.Procrastinating plenty thanks.
Take care.

Thats as good as the
Submitted by barnaby33 on March 14, 2009 - 11:43pm.

Thats as good as the calculated risk graph of the Dow that traces out the mortgage pig!
Josh

Rich, You were great on KOGO
Submitted by mixxalot on March 15, 2009 - 12:09pm.

Rich,

You were great on KOGO today! Way to go.

Did they pod cast it?
Submitted by peterb on March 16, 2009 - 6:18pm.

Did they pod cast it?

peterb wrote:Did they pod
Submitted by Rich Toscano on March 17, 2009 - 10:05am.

peterb wrote:
Did they pod cast it?

Here's a link to an mp3 of the show...

http://a1135.g.akamai.net/f/1135/18227/1...

rich

Rich, thanks. I thought it
Submitted by peterb on March 17, 2009 - 11:44am.

Rich, thanks. I thought it went very well. decent arguements, flowed well. Cant wait to get my check from the govt for a $1M.

Surprised you didn't work a
Submitted by sdduuuude on March 17, 2009 - 4:07pm.

Surprised you didn't work a Doug Henning background into this.

Perhaps the bifurcating lines
Submitted by Rich Toscano on March 17, 2009 - 7:45pm.

Perhaps the bifurcating lines represent his Glorious Mustache?

thestachethestache

It is extremely vital that we
Submitted by FormerSanDiegan on March 18, 2009 - 7:50am.

It is extremely vital that we resolve the Doug Henning mustache model vs. the Alligator model. Personally I am in the Mustache camp. I expect the trend to fully trace around the mouth and converge somewhere around the famed magician's chin (If he only had a beard, that would be perfect). In the long run these things must converge. I don't think the divergent alligator model is sustainable in the long run.

I think they'll converge into
Submitted by Rich Toscano on March 18, 2009 - 12:36pm.

I think they'll converge into a Colonel Sanders-style van dyke.

rich