I hope that my points on data variability and the reliability of monthly zip code stats is not lost by my sarcasm. All of my points, (including pointing you to the DQnews site so that you can get the various monthly number by county before opening your weekend LA Times), was intended to improve the reporting on this site.
If there is too much chicken little “prices have already dropped 50%” reporting here, the people will simply ignore it the next month when prices are much different in that same zip code. Perspective is important.
In late 2005 and early 2006 on this board, there was much slicing and dicing of articles and reports of continued median price increases because they didn’t reflect what was actually going on in the market. Over-exaggerating what is CURRENTLY going on to the down side is also dangerous. That is why some, like me, insist on avoiding exaggeration.
There is no doubt that the RE market is tanking and that prices are dropping. I would also agree that LS 2008 might be the earliest potential re-entry point (for SD, I think LA will be later)
One more thing …
You typed:
“I realize anyone is free to add their opinion, but when I am personally attacked, I am not going to just sit here. Sure you can challenge what I say, but don’t challenge me personally. That is infantile.”
I am sorry if you took offense, but all of my posts were directed at your points and not you. Having said that, I hope you still don’t think that I am “stupid” and “a friggin’ idiot”.
