Want to know the definition of narcissism, it’s in this next sentence. Rich was talking about me.
First off, it is so well established that realty trac blows. Rt.66, your constant defense of it is troubling, almost makes me think you are somehow connected to them. Maybe you just love them like I love my iphone, but we’ve had this argument and conducted sample investigations over and over, they report 200%-300% more entries than competing websites in my research and all the pay websites kinda suck in the accuracy column. You want to read the black and white supermarket tabloids, knock yourself out, but understand when you base everything on numbers that everyone else laughs at, you will not be preaching to the choir, even the other bears don’t usually join you.
Back to the narcissism, I was one of the bears here, as the prices changed, as the formulas changed, as the graphs changed, so did my opinion.
Sometimes CAR, JP, cellar,sduude and others throw up good arguments and I go back to nuetral for a while, even feel my bearinsh roots. In reality, none of those posters are perma bears, they are just stuck in certain sticky markets. But the real disapointment is the perma bears lately just suck, their arguments are cliche and remind me of the polar opposite circa 2005 David Lereah.
This how I see it, the camp is a moving target. When I got out in 2005 my place was appraised at 600k thereabouts. the following timeline only applies to my specific situation, my specific purchase, i know the beach hasn’t dropped like this, but this is the last few years, what the camps were saying and how I viewed them, overly simplified for fun of course.
600k
bull-“r/e always goes up”
bear-“this makes no sense”
TG= advantage bear, action-sell and rent
same house 500k
bull-“it’s cheaper, great time to buy”
bear-“the historical value still doesn’t work”
TG- advantage bear, action, keep renting
same house 400k
bull-” it’s a great time to buy”
bear-“financing changes and rent/price ratio still out of whack”
TG-advantage bear, find piggington, rent, goof off
same house 300k
bull-“half off, rent nuetral, less risk, nearing building cost”
bear-“unemployment, spam, ammo, obama, tsuinami”
TG-It’s a tie, I’m gonna start making lowball offers
same house, scratch that, better house, under 300k, well under.
bull, “cheaper to buy than rent, back to pre bubble fundamentals”
bear”obama, unemployment, realtytrac, tsuinami, tsuinami, tsuinami, tsuinami
TG “advantage bull, where’s my checkbook”
