OMG, an actual real estate thread. There’s math, facts, calculations, some heavy hitters and heavy arguments. This is like porn to me.
Remember when we did this all the time.
The only difference is some of the bears of yesteryear are writing what appears to be bullish comments, only their stance is the same. It’s as if guys like ocrenter and others have stood their mathematicial ground, but the marker for where the bear/bull line shifted.
For those of you who are new, I’ll give you an analogy. Let’s say this is a wet t-shirt contest instead of a real estate valuation argument and some of these posters are judges. In 2007 these posters argued that based on the size and shape, this gal should be a 7, but the other judges are giving her a 10, our piggington judges say it’s wrong and will be corrected. Now that it’s 2010, the same gal is still a 7 in their eyes, but there are people arguing that she should be a 4. They make the same argument, a natural 38c with slight iregularities, is a 7, history and the math support a 7, no more no less, but instead of being seen as mean judges, they are now accused of being the “paula abduls” of judges. Those judges never changed their math, they were right then, they are probably right now, their formulas didn’t change, the perception of their formulas have. When the likes of sdrealtor and ocrenter both give her a 7, guess what she’s probably a 7, and 7 aint bad. I like a 7, they are more appreciative than a 9 or a 10, but I digress, which is what I’m known for.