I remember those posts, Good times! I see it math vs. vocabulary. sdr was one of many “math” bears here on piggington pre-2007. Now he’s a “math” bull, yet his valuations have remained essentially the same. Most of the math bears bought houses and chose not to fight with those showing up late to the game, sdr, weel, he is what I call “likes to fight guy.”

For instance, if in 2006 he felt property x was worth 700k and it was selling for 1.1 million, he’d say so, they called him a bear. If in 2011 it is for sale at 650k and he thinks it’s slightly undervalued, he’d say so, they call him a bull. He hasn’t changed, but the label he gets has.

Then there are the vocabulary bulls and bears, math means nothing to them. No matter the price or the math, they have their rhetoric and it won’t change.