Housing Prices Near Bottom according to MotleyFool

[cr]

I normally find Motley Fool reliable but in this instance I am reminded of David Lereah and Jim Cramer 2 years ago: ignorant, lying, and spreading propaganda.

I’d be less surprised if the fool was put up to this article by the NAR than if even one of their arguments held water.

It’s not ever worth refuting because the primary key to housing affordabililty is not once mentioned in that entire article.

[Bugs]

In appraising we often have occasion to use the following cliche:

Cost does not equal value.

Trite and overused, but true nonetheless. That’s where the MFs reasoning fails.

[Bugs]

In appraising we often have occasion to use the following cliche:

Cost does not equal value.

Trite and overused, but true nonetheless. That’s where the MFs reasoning fails.

[Bugs]

In appraising we often have occasion to use the following cliche:

Cost does not equal value.

Trite and overused, but true nonetheless. That’s where the MFs reasoning fails.

[Bugs]

In appraising we often have occasion to use the following cliche:

Cost does not equal value.

Trite and overused, but true nonetheless. That’s where the MFs reasoning fails.

[Bugs]

In appraising we often have occasion to use the following cliche:

Cost does not equal value.

Trite and overused, but true nonetheless. That’s where the MFs reasoning fails.

[JWM in SD]

JWM in SD

The fool seems to be very schizophrenic on this subject. Seth Jayson of the fool has written some of the most scathing articles about the RE market and the NAR in particular that i have seen on the net.

This seems very peculiar for them to run this story.

I just scanned Seth Jayson’s article archive by month for 07 and into 08. Negative RE stories almost each month in 07 and nothing going into 08.

Hmmmmmmmm

[JWM in SD]

JWM in SD

The fool seems to be very schizophrenic on this subject. Seth Jayson of the fool has written some of the most scathing articles about the RE market and the NAR in particular that i have seen on the net.

This seems very peculiar for them to run this story.

I just scanned Seth Jayson’s article archive by month for 07 and into 08. Negative RE stories almost each month in 07 and nothing going into 08.

Hmmmmmmmm

[JWM in SD]

JWM in SD

The fool seems to be very schizophrenic on this subject. Seth Jayson of the fool has written some of the most scathing articles about the RE market and the NAR in particular that i have seen on the net.

This seems very peculiar for them to run this story.

I just scanned Seth Jayson’s article archive by month for 07 and into 08. Negative RE stories almost each month in 07 and nothing going into 08.

Hmmmmmmmm

[JWM in SD]

JWM in SD

The fool seems to be very schizophrenic on this subject. Seth Jayson of the fool has written some of the most scathing articles about the RE market and the NAR in particular that i have seen on the net.

This seems very peculiar for them to run this story.

I just scanned Seth Jayson’s article archive by month for 07 and into 08. Negative RE stories almost each month in 07 and nothing going into 08.

Hmmmmmmmm

[JWM in SD]

JWM in SD

The fool seems to be very schizophrenic on this subject. Seth Jayson of the fool has written some of the most scathing articles about the RE market and the NAR in particular that i have seen on the net.

This seems very peculiar for them to run this story.

I just scanned Seth Jayson’s article archive by month for 07 and into 08. Negative RE stories almost each month in 07 and nothing going into 08.

Hmmmmmmmm

[kev374]

Yes, but those hard costs (and the weather tax) have always been higher than Texas which is why houses have always cost more in CA than in TX.

However, if the cost of construction has skyrocketed in the last 5 years and the author is saying that it is the reason homes are so expensive in CA, then by that same logic homes in Texas should have increased by that same ratio.

[kev374]

Yes, but those hard costs (and the weather tax) have always been higher than Texas which is why houses have always cost more in CA than in TX.

However, if the cost of construction has skyrocketed in the last 5 years and the author is saying that it is the reason homes are so expensive in CA, then by that same logic homes in Texas should have increased by that same ratio.

[kev374]

Yes, but those hard costs (and the weather tax) have always been higher than Texas which is why houses have always cost more in CA than in TX.

However, if the cost of construction has skyrocketed in the last 5 years and the author is saying that it is the reason homes are so expensive in CA, then by that same logic homes in Texas should have increased by that same ratio.

[kev374]

Yes, but those hard costs (and the weather tax) have always been higher than Texas which is why houses have always cost more in CA than in TX.

However, if the cost of construction has skyrocketed in the last 5 years and the author is saying that it is the reason homes are so expensive in CA, then by that same logic homes in Texas should have increased by that same ratio.

[Author]

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