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temeculaguy.
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June 13, 2008 at 5:55 AM #222501June 13, 2008 at 6:35 AM #222346
Ex-SD
Participant4plexowner: I was thinking the exact same thing. Thanks for posting the charts. Maybe now he’ll get the big picture. We are NO WHERE near the bottom.
June 13, 2008 at 6:35 AM #222449Participant4plexowner: I was thinking the exact same thing. Thanks for posting the charts. Maybe now he’ll get the big picture. We are NO WHERE near the bottom.
June 13, 2008 at 6:35 AM #222463Participant4plexowner: I was thinking the exact same thing. Thanks for posting the charts. Maybe now he’ll get the big picture. We are NO WHERE near the bottom.
June 13, 2008 at 6:35 AM #222495Participant4plexowner: I was thinking the exact same thing. Thanks for posting the charts. Maybe now he’ll get the big picture. We are NO WHERE near the bottom.
June 13, 2008 at 6:35 AM #222511Participant4plexowner: I was thinking the exact same thing. Thanks for posting the charts. Maybe now he’ll get the big picture. We are NO WHERE near the bottom.
June 13, 2008 at 7:07 AM #222361LA_Renter
Participant“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”
This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.
PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”
“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”
June 13, 2008 at 7:07 AM #222464Participant“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”
This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.
PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”
“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”
June 13, 2008 at 7:07 AM #222478Participant“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”
This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.
PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”
“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”
June 13, 2008 at 7:07 AM #222509Participant“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”
This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.
PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”
“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”
June 13, 2008 at 7:07 AM #222526Participant“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”
This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.
PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”
“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”
June 13, 2008 at 7:10 AM #222371eccen in esc
Participanteccen in esc
hasta la vista Piggs. I just bought. Going out to the sticks to grow food and drill a well. Got a pretty good deal. I will still be checking in here from time to time – good luck
June 13, 2008 at 7:10 AM #222474Participanteccen in esc
hasta la vista Piggs. I just bought. Going out to the sticks to grow food and drill a well. Got a pretty good deal. I will still be checking in here from time to time – good luck
June 13, 2008 at 7:10 AM #222487Participanteccen in esc
hasta la vista Piggs. I just bought. Going out to the sticks to grow food and drill a well. Got a pretty good deal. I will still be checking in here from time to time – good luck
June 13, 2008 at 7:10 AM #222519Participanteccen in esc
hasta la vista Piggs. I just bought. Going out to the sticks to grow food and drill a well. Got a pretty good deal. I will still be checking in here from time to time – good luck
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