For someone who is so meticulously into data you surprise me with your inability to grasp the simple point of my first post here a few days ago. The only point I made is that the erstwhile erudite prognostications (apparently not) of so many here are way off and pretty much detached from reality. As an example I sited one property that was put on the market at 925K, followed by the raft of PIG predictions (which were way off to the low side) by many who fancy themselves as having a clear vision as to how this will all play out, followed by an ACTUAL SALE which occured post sub-prime blow up. This apples to apples analysis simply illustrates how infused with emotion and biased the so call “predictions” of these types are. Your point “not fast enough?” is not even relevant. Sure the property listed for 925K and sold for 870K, a fairly decent decline. Duh! . . . prices have fallen and will continue to fall. My point was that the predictions were all way off which pretty much undermines and renders irrelevant the value of such “predictions” by persons who claim they can predict the future. They often are seen advising people “oh you’ll be able to buy that property for “X” (dollar sum) less in “Y” months from now.”
But . . . kudos to you (give credit where it is due) for your efforts posting “facts” for the most part about what the market is doing (as opposed to inane the sky is falling blather). That is useful and helpful.
