Fannie and Freddie: Hopelessly unproductive works

[(former)FormerSanDiegan]

Why stop at 90% ? After a 40% decline in many markets that’s just not shocking enough for the blogosphere. We need a bold blogger to step up and make an even bolder prediction, like say a 150% decline. Now that would get my attention.

90% ? … meh.

[Nor-LA-SD-guy]

hmm While I think you could see 90% off in a few markets (I have seen 75% off already a few times)

I think these would be special cases and most likely not where the majority of us want to live.

But good luck with that 90% (or Even 75%) off on SD coastal .

PS, I will be buying right behind you (or maybe in front).

[Nor-LA-SD-guy]

hmm While I think you could see 90% off in a few markets (I have seen 75% off already a few times)

I think these would be special cases and most likely not where the majority of us want to live.

But good luck with that 90% (or Even 75%) off on SD coastal .

PS, I will be buying right behind you (or maybe in front).

[Nor-LA-SD-guy]

hmm While I think you could see 90% off in a few markets (I have seen 75% off already a few times)

I think these would be special cases and most likely not where the majority of us want to live.

But good luck with that 90% (or Even 75%) off on SD coastal .

PS, I will be buying right behind you (or maybe in front).

[Nor-LA-SD-guy]

hmm While I think you could see 90% off in a few markets (I have seen 75% off already a few times)

I think these would be special cases and most likely not where the majority of us want to live.

But good luck with that 90% (or Even 75%) off on SD coastal .

PS, I will be buying right behind you (or maybe in front).

[Nor-LA-SD-guy]

hmm While I think you could see 90% off in a few markets (I have seen 75% off already a few times)

I think these would be special cases and most likely not where the majority of us want to live.

But good luck with that 90% (or Even 75%) off on SD coastal .

PS, I will be buying right behind you (or maybe in front).

[Arraya]

here is her interview on deflation

http://www.energybulletin.net/node/50573

A few other good ones;

From the Top of the Great Pyramid
http://theautomaticearth.blogspot.com/2008/11/debt-rattle-november-26-2008-from-top.html

Markets and the Lemming Factor
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-6-2008-markets-and.html

Energy, Finance and Hegemonic Power
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-7-2008-energy.html

Entropy and Empire
http://canada.theoildrum.com/node/2381

[Arraya]

here is her interview on deflation

http://www.energybulletin.net/node/50573

A few other good ones;

From the Top of the Great Pyramid
http://theautomaticearth.blogspot.com/2008/11/debt-rattle-november-26-2008-from-top.html

Markets and the Lemming Factor
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-6-2008-markets-and.html

Energy, Finance and Hegemonic Power
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-7-2008-energy.html

Entropy and Empire
http://canada.theoildrum.com/node/2381

[Arraya]

here is her interview on deflation

http://www.energybulletin.net/node/50573

A few other good ones;

From the Top of the Great Pyramid
http://theautomaticearth.blogspot.com/2008/11/debt-rattle-november-26-2008-from-top.html

Markets and the Lemming Factor
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-6-2008-markets-and.html

Energy, Finance and Hegemonic Power
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-7-2008-energy.html

Entropy and Empire
http://canada.theoildrum.com/node/2381

[Arraya]

here is her interview on deflation

http://www.energybulletin.net/node/50573

A few other good ones;

From the Top of the Great Pyramid
http://theautomaticearth.blogspot.com/2008/11/debt-rattle-november-26-2008-from-top.html

Markets and the Lemming Factor
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-6-2008-markets-and.html

Energy, Finance and Hegemonic Power
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-7-2008-energy.html

Entropy and Empire
http://canada.theoildrum.com/node/2381

[Arraya]

here is her interview on deflation

http://www.energybulletin.net/node/50573

A few other good ones;

From the Top of the Great Pyramid
http://theautomaticearth.blogspot.com/2008/11/debt-rattle-november-26-2008-from-top.html

Markets and the Lemming Factor
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-6-2008-markets-and.html

Energy, Finance and Hegemonic Power
http://theautomaticearth.blogspot.com/2008/12/debt-rattle-december-7-2008-energy.html

Entropy and Empire
http://canada.theoildrum.com/node/2381

[garysears]

90% off is doomer fantasy. It is hard to conceive how the Detroit scenario could happen to the whole nation. If it does, the places with jobs will retain much more value than places without.

I don’t have Detroit historical wage info but I found this site which shows by zipcode income and housing prices.

http://realestate.aol.com/Detroit-MI-neighborhood

Take a look on realtor.com just for fun to see what you can get for your money.

Also see this price heat map:

http://www.trulia.com/home_prices/Michigan/Detroit-heat_map/

I found a site that claimed the average (not median)city price peaked in 2003 at just under $98,000. Last August it was $11,600.

http://mjperry.blogspot.com/2009/08/average-home-price-in-detroit-falls-to.html

Here is the population data from wiki (from the census peak):

Census City Metro Region
1950 1,849,568 3,219,256 3,700,490
1960 1,670,144 4,012,607 4,660,480
1970 1,514,063 4,490,902 5,289,766
1980 1,203,368 4,387,783 5,203,269
1990 1,027,974 4,266,654 5,095,695
2000 951,270 4,441,551 5,357,538
2008* 912,062 4,425,110 5,354,225
*Estimate

[garysears]

90% off is doomer fantasy. It is hard to conceive how the Detroit scenario could happen to the whole nation. If it does, the places with jobs will retain much more value than places without.

I don’t have Detroit historical wage info but I found this site which shows by zipcode income and housing prices.

http://realestate.aol.com/Detroit-MI-neighborhood

Take a look on realtor.com just for fun to see what you can get for your money.

Also see this price heat map:

http://www.trulia.com/home_prices/Michigan/Detroit-heat_map/

I found a site that claimed the average (not median)city price peaked in 2003 at just under $98,000. Last August it was $11,600.

http://mjperry.blogspot.com/2009/08/average-home-price-in-detroit-falls-to.html

Here is the population data from wiki (from the census peak):

Census City Metro Region
1950 1,849,568 3,219,256 3,700,490
1960 1,670,144 4,012,607 4,660,480
1970 1,514,063 4,490,902 5,289,766
1980 1,203,368 4,387,783 5,203,269
1990 1,027,974 4,266,654 5,095,695
2000 951,270 4,441,551 5,357,538
2008* 912,062 4,425,110 5,354,225
*Estimate

[garysears]

90% off is doomer fantasy. It is hard to conceive how the Detroit scenario could happen to the whole nation. If it does, the places with jobs will retain much more value than places without.

I don’t have Detroit historical wage info but I found this site which shows by zipcode income and housing prices.

http://realestate.aol.com/Detroit-MI-neighborhood

Take a look on realtor.com just for fun to see what you can get for your money.

Also see this price heat map:

http://www.trulia.com/home_prices/Michigan/Detroit-heat_map/

I found a site that claimed the average (not median)city price peaked in 2003 at just under $98,000. Last August it was $11,600.

http://mjperry.blogspot.com/2009/08/average-home-price-in-detroit-falls-to.html

Here is the population data from wiki (from the census peak):

Census City Metro Region
1950 1,849,568 3,219,256 3,700,490
1960 1,670,144 4,012,607 4,660,480
1970 1,514,063 4,490,902 5,289,766
1980 1,203,368 4,387,783 5,203,269
1990 1,027,974 4,266,654 5,095,695
2000 951,270 4,441,551 5,357,538
2008* 912,062 4,425,110 5,354,225
*Estimate

[garysears]

90% off is doomer fantasy. It is hard to conceive how the Detroit scenario could happen to the whole nation. If it does, the places with jobs will retain much more value than places without.

I don’t have Detroit historical wage info but I found this site which shows by zipcode income and housing prices.

http://realestate.aol.com/Detroit-MI-neighborhood

Take a look on realtor.com just for fun to see what you can get for your money.

Also see this price heat map:

http://www.trulia.com/home_prices/Michigan/Detroit-heat_map/

I found a site that claimed the average (not median)city price peaked in 2003 at just under $98,000. Last August it was $11,600.

http://mjperry.blogspot.com/2009/08/average-home-price-in-detroit-falls-to.html

Here is the population data from wiki (from the census peak):

Census City Metro Region
1950 1,849,568 3,219,256 3,700,490
1960 1,670,144 4,012,607 4,660,480
1970 1,514,063 4,490,902 5,289,766
1980 1,203,368 4,387,783 5,203,269
1990 1,027,974 4,266,654 5,095,695
2000 951,270 4,441,551 5,357,538
2008* 912,062 4,425,110 5,354,225
*Estimate

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