Housing Market Prediction – Piggington's Econo-Almanac

This topic has 2 replies, 2 voices, and was last updated 17 years, 7 months ago by NotCranky.

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June 10, 2007 at 11:20 PM #9265

PerryChase
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I love this chart by Mish. It might not apply to the whole USA housing market; but bubble market such as San Diego may very well suffer the same fate.

http://globaleconomicanalysis.blogspot.com/2006/04/us-vs-japan-land-prices-pictorial.html

[img_assist|nid=3638|title=Prediction|desc=|link=node|align=left|width=466|height=262]

June 11, 2007 at 12:12 AM #58332

NotCranky
Participant

Perry,
If you don’t mind indulging my curiosity, what is the source of your fascination with this bubble? I might know had I been a blogger earlier on.

The point you made with the quotation of someone in REO saying that they were not wanting to drive down comps has really stuck with me today. I think they don’t want to drive down comps because they now how much of it is coming. There might be some kind of bean counting game going on behind the scenes. Do they know of some support catalyst coming if they can hold things up until it gets here or are they just delaying the inevitable and if so why.

June 11, 2007 at 12:12 AM #58359

NotCranky
Participant

Perry,
If you don’t mind indulging my curiosity, what is the source of your fascination with this bubble? I might know had I been a blogger earlier on.

The point you made with the quotation of someone in REO saying that they were not wanting to drive down comps has really stuck with me today. I think they don’t want to drive down comps because they now how much of it is coming. There might be some kind of bean counting game going on behind the scenes. Do they know of some support catalyst coming if they can hold things up until it gets here or are they just delaying the inevitable and if so why.
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