cooperthedog – I carefully read your post, but missed your rebuttal to my critique of Gin’s analyis, with regard to the job market, MEW, foreclosures, the 2 year lagging indicator of the median, and the granulated data of various markets which show that homes have fallen by 10-15% (except the high end is 10% of sales vs. 8.5% last year, skewing UPWARD the median). I gave you ONE example for your benefit of someone upside down on their mortgage, but you will find many more by 3 members here with their own blogs, tracking foreclosures in the SD County area. Three families in my son’s school have lost their homes to foreclosure – NOD in very nice areas of Poway, near Tierra Bonita School. These price drops are occurring everywhere, yet the median is down only 1%? Did you guys ever think of asking WHY? Or perhaps you don’t know that prices are dropping because you are not talking with realtors, and are ivory tower educators?
I will not trade the Case-Shiller index, because it is not liquid enough. Chris Johnston, a trader, warned us to avoid these, as they are illiquid.
I do not use the L word lightly, but in Gin’s case, it was well put. I gave you the reasons WHY I called him ignorant or lying. Instead of saying my name calling is childish, go after my arguments as well. cooperdog, rebut me and make me look like a fool!
