Home › Forums › Housing › Are home prices just silly right now? › XBoxBoy wrote:Leorocky
[quote=XBoxBoy][quote=Leorocky]Shadowstats is not a reputable source.[/quote] I often wonder how much faith to put in Shadowstats. [/quote]
Roughy 0 faith, would be my suggestion.
I discussed it a bit in this thread, noting among other things that he pretty much just adds a fixed number to BLS CPI each month:
http://piggington.com/interesting_site
That is fairly useless, but worse yet the plug number he adds appears to be way off. Here’s more from Doug Short showing some real-world numbers to demonstrate that the shadowstats numbers can’t possibly be right:
http://www.advisorperspectives.com/dshort/updates/Regression-to-Trend-Aternate-CPI.php