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.
schizo, all of the examples you quoted did not show a date. the predictions themselves were simply what would be the true worth for the house in question. now that can be 3 years from now. just because a realtor looked at that 20% discount and didn’t see the additional 20% discount to come and decided to bite doesn’t mean that is the current worth of the house. afterall, just a couple of months later, that house is no longer worth $870k.
what I demonstrated is that prices continue to fall in a steady pace. some of the folks you quoted are probably a little too far off with their $300-$400k predictions. but $600-$700k? completely reasonable. but not in September of ’07, but they didn’t say September of ’07 to begin with.
