Home prices back to 2003 levels – according to the UT

[patientlywaiting]

I think that prices in terms of years is very useful for a quick reference, especially for people who don’t follow the market like we do on this board.

With new applications like zillow and sdlookup, a potential buyer can look at a resale and say “if it’s over 2003 prices, then it’s too much,” or “if it’s at 2002 prices, then it’s a pretty good deal.”

When talking to friends, it’s easy to talk to them in terms of price years. I find that people can easily put that into perspective. On the other hand, talk to them about rent, holding costs, opportunity costs and you lose them within 2 minutes.

[patientlywaiting]

I think that prices in terms of years is very useful for a quick reference, especially for people who don’t follow the market like we do on this board.

With new applications like zillow and sdlookup, a potential buyer can look at a resale and say “if it’s over 2003 prices, then it’s too much,” or “if it’s at 2002 prices, then it’s a pretty good deal.”

When talking to friends, it’s easy to talk to them in terms of price years. I find that people can easily put that into perspective. On the other hand, talk to them about rent, holding costs, opportunity costs and you lose them within 2 minutes.

[patientlywaiting]

I think that prices in terms of years is very useful for a quick reference, especially for people who don’t follow the market like we do on this board.

With new applications like zillow and sdlookup, a potential buyer can look at a resale and say “if it’s over 2003 prices, then it’s too much,” or “if it’s at 2002 prices, then it’s a pretty good deal.”

When talking to friends, it’s easy to talk to them in terms of price years. I find that people can easily put that into perspective. On the other hand, talk to them about rent, holding costs, opportunity costs and you lose them within 2 minutes.

[patientlywaiting]

I think that prices in terms of years is very useful for a quick reference, especially for people who don’t follow the market like we do on this board.

With new applications like zillow and sdlookup, a potential buyer can look at a resale and say “if it’s over 2003 prices, then it’s too much,” or “if it’s at 2002 prices, then it’s a pretty good deal.”

When talking to friends, it’s easy to talk to them in terms of price years. I find that people can easily put that into perspective. On the other hand, talk to them about rent, holding costs, opportunity costs and you lose them within 2 minutes.

[patientlywaiting]

I think that prices in terms of years is very useful for a quick reference, especially for people who don’t follow the market like we do on this board.

With new applications like zillow and sdlookup, a potential buyer can look at a resale and say “if it’s over 2003 prices, then it’s too much,” or “if it’s at 2002 prices, then it’s a pretty good deal.”

When talking to friends, it’s easy to talk to them in terms of price years. I find that people can easily put that into perspective. On the other hand, talk to them about rent, holding costs, opportunity costs and you lose them within 2 minutes.

[SD Realtor]

PW I understand what you are saying. For most people, if you go into any deeper analysis then what is beyond a headline and they glaze over pretty quickly. I guess my point is that the headlines don’t mean anything, ya know what I am saying? Headlines like this are major generalizations that do exactly what you said, they grab attention. So yes I guess you are correct, for a quick reference headlines like this are useful. However if your local submarket does not correlate then it may be somewhat confusing.

However I would argue that if anyone uses a temporal reference as a decision to purchase then I would argue that is a bad decision. There are much better indicators to use to decide when to buy.

Realtor

[SD Realtor]

PW I understand what you are saying. For most people, if you go into any deeper analysis then what is beyond a headline and they glaze over pretty quickly. I guess my point is that the headlines don’t mean anything, ya know what I am saying? Headlines like this are major generalizations that do exactly what you said, they grab attention. So yes I guess you are correct, for a quick reference headlines like this are useful. However if your local submarket does not correlate then it may be somewhat confusing.

However I would argue that if anyone uses a temporal reference as a decision to purchase then I would argue that is a bad decision. There are much better indicators to use to decide when to buy.

Realtor

[SD Realtor]

PW I understand what you are saying. For most people, if you go into any deeper analysis then what is beyond a headline and they glaze over pretty quickly. I guess my point is that the headlines don’t mean anything, ya know what I am saying? Headlines like this are major generalizations that do exactly what you said, they grab attention. So yes I guess you are correct, for a quick reference headlines like this are useful. However if your local submarket does not correlate then it may be somewhat confusing.

However I would argue that if anyone uses a temporal reference as a decision to purchase then I would argue that is a bad decision. There are much better indicators to use to decide when to buy.

Realtor

[SD Realtor]

PW I understand what you are saying. For most people, if you go into any deeper analysis then what is beyond a headline and they glaze over pretty quickly. I guess my point is that the headlines don’t mean anything, ya know what I am saying? Headlines like this are major generalizations that do exactly what you said, they grab attention. So yes I guess you are correct, for a quick reference headlines like this are useful. However if your local submarket does not correlate then it may be somewhat confusing.

However I would argue that if anyone uses a temporal reference as a decision to purchase then I would argue that is a bad decision. There are much better indicators to use to decide when to buy.

Realtor

[SD Realtor]

PW I understand what you are saying. For most people, if you go into any deeper analysis then what is beyond a headline and they glaze over pretty quickly. I guess my point is that the headlines don’t mean anything, ya know what I am saying? Headlines like this are major generalizations that do exactly what you said, they grab attention. So yes I guess you are correct, for a quick reference headlines like this are useful. However if your local submarket does not correlate then it may be somewhat confusing.

However I would argue that if anyone uses a temporal reference as a decision to purchase then I would argue that is a bad decision. There are much better indicators to use to decide when to buy.

Realtor

[Author]

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