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May 6, 2008 at 4:06 PM #12660May 6, 2008 at 4:20 PM #199867SDEngineerParticipant
This article was eviscerated last week on numerous blogs linked to on Piggington.
Suffice it to say, Plummer’s a tool, and he completely ignores items that agree with the massive overall price drop, and disagree with his thesis, like the Case-Shiller national housing index (which has been around a LOT longer than the 7 years the Composite-20 index has been). Way too many flaws to bother regurgitating here, I suggest you look through the blog links for relevent links that took him apart.
May 6, 2008 at 4:20 PM #199909SDEngineerParticipantThis article was eviscerated last week on numerous blogs linked to on Piggington.
Suffice it to say, Plummer’s a tool, and he completely ignores items that agree with the massive overall price drop, and disagree with his thesis, like the Case-Shiller national housing index (which has been around a LOT longer than the 7 years the Composite-20 index has been). Way too many flaws to bother regurgitating here, I suggest you look through the blog links for relevent links that took him apart.
May 6, 2008 at 4:20 PM #199936SDEngineerParticipantThis article was eviscerated last week on numerous blogs linked to on Piggington.
Suffice it to say, Plummer’s a tool, and he completely ignores items that agree with the massive overall price drop, and disagree with his thesis, like the Case-Shiller national housing index (which has been around a LOT longer than the 7 years the Composite-20 index has been). Way too many flaws to bother regurgitating here, I suggest you look through the blog links for relevent links that took him apart.
May 6, 2008 at 4:20 PM #199961SDEngineerParticipantThis article was eviscerated last week on numerous blogs linked to on Piggington.
Suffice it to say, Plummer’s a tool, and he completely ignores items that agree with the massive overall price drop, and disagree with his thesis, like the Case-Shiller national housing index (which has been around a LOT longer than the 7 years the Composite-20 index has been). Way too many flaws to bother regurgitating here, I suggest you look through the blog links for relevent links that took him apart.
May 6, 2008 at 4:20 PM #199993SDEngineerParticipantThis article was eviscerated last week on numerous blogs linked to on Piggington.
Suffice it to say, Plummer’s a tool, and he completely ignores items that agree with the massive overall price drop, and disagree with his thesis, like the Case-Shiller national housing index (which has been around a LOT longer than the 7 years the Composite-20 index has been). Way too many flaws to bother regurgitating here, I suggest you look through the blog links for relevent links that took him apart.
May 6, 2008 at 4:23 PM #199872SDEngineerParticipantCalculated Risk’s response to this article here:
http://calculatedrisk.blogspot.com/2008/05/flawed-house-price-indices-flawed.html
May 6, 2008 at 4:23 PM #199915SDEngineerParticipantCalculated Risk’s response to this article here:
http://calculatedrisk.blogspot.com/2008/05/flawed-house-price-indices-flawed.html
May 6, 2008 at 4:23 PM #199941SDEngineerParticipantCalculated Risk’s response to this article here:
http://calculatedrisk.blogspot.com/2008/05/flawed-house-price-indices-flawed.html
May 6, 2008 at 4:23 PM #199964SDEngineerParticipantCalculated Risk’s response to this article here:
http://calculatedrisk.blogspot.com/2008/05/flawed-house-price-indices-flawed.html
May 6, 2008 at 4:23 PM #199998SDEngineerParticipantCalculated Risk’s response to this article here:
http://calculatedrisk.blogspot.com/2008/05/flawed-house-price-indices-flawed.html
May 6, 2008 at 4:25 PM #199877HLSParticipantIs there a plunge protection team that is spreading filth throughout the media ?
The “value” of a home is not what an appraiser or real estate agent says it is, it’s what someone will actually pay for it, and after you deduct selling costs & commissions, THAT is what it’s really worth.
The false sense of security that people have(had)about the value/worth of their house is beyond insane.
If 10% of the population HAD to sell their house today, they would find out that it’s probably worth at least 25% less than they thought, if they are lucky.
Many houses are virtually unsaleable today at anywhere near what the owner thinks it is worth, and idiotic articles penned by people who just don’t get it aren’t doing the average consumer any favors.
As long as people don’t have to sell, they can believe what they want. They have been misled by a number of factors.
Ignorance is bliss.
May 6, 2008 at 4:25 PM #199918HLSParticipantIs there a plunge protection team that is spreading filth throughout the media ?
The “value” of a home is not what an appraiser or real estate agent says it is, it’s what someone will actually pay for it, and after you deduct selling costs & commissions, THAT is what it’s really worth.
The false sense of security that people have(had)about the value/worth of their house is beyond insane.
If 10% of the population HAD to sell their house today, they would find out that it’s probably worth at least 25% less than they thought, if they are lucky.
Many houses are virtually unsaleable today at anywhere near what the owner thinks it is worth, and idiotic articles penned by people who just don’t get it aren’t doing the average consumer any favors.
As long as people don’t have to sell, they can believe what they want. They have been misled by a number of factors.
Ignorance is bliss.
May 6, 2008 at 4:25 PM #199945HLSParticipantIs there a plunge protection team that is spreading filth throughout the media ?
The “value” of a home is not what an appraiser or real estate agent says it is, it’s what someone will actually pay for it, and after you deduct selling costs & commissions, THAT is what it’s really worth.
The false sense of security that people have(had)about the value/worth of their house is beyond insane.
If 10% of the population HAD to sell their house today, they would find out that it’s probably worth at least 25% less than they thought, if they are lucky.
Many houses are virtually unsaleable today at anywhere near what the owner thinks it is worth, and idiotic articles penned by people who just don’t get it aren’t doing the average consumer any favors.
As long as people don’t have to sell, they can believe what they want. They have been misled by a number of factors.
Ignorance is bliss.
May 6, 2008 at 4:25 PM #199970HLSParticipantIs there a plunge protection team that is spreading filth throughout the media ?
The “value” of a home is not what an appraiser or real estate agent says it is, it’s what someone will actually pay for it, and after you deduct selling costs & commissions, THAT is what it’s really worth.
The false sense of security that people have(had)about the value/worth of their house is beyond insane.
If 10% of the population HAD to sell their house today, they would find out that it’s probably worth at least 25% less than they thought, if they are lucky.
Many houses are virtually unsaleable today at anywhere near what the owner thinks it is worth, and idiotic articles penned by people who just don’t get it aren’t doing the average consumer any favors.
As long as people don’t have to sell, they can believe what they want. They have been misled by a number of factors.
Ignorance is bliss.
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