My Idea of Bottom

[Ex-SD]

OMH:

IMHO, that housing valuation chart is all wet. San Diego doesn’t have enough of the population who makes enough income to buy all the homes that are presently on the market at the present prices. When a zillion more fall into foreclosure and prices keep driven down, we will see prices that are far lower than that chart predicts.

[DWCAP]

Specifically, our model
has a standard deviation in house price valuations
of +/-15 percent, meaning that any valuation
between 15 percent overvalued and 15 percent
undervalued should be considered statistically
normal.

Basically they are saying that because historical valuations swing so wide, we cant control for it. So a 500k house could be 575k and still be considered fairly valued. It could also be that a house at 425k would meet the same valuation of “fair”. So basically they cant differeniate between 425k and 575k as that falls in their margine of error. That is a rather wide spread don’t ya think?

Plus, just a guess, but they are most likey using the median house price, and we all know the problems with using that as your gage. (if I am wrong please correct, I couldnt find how they identified a price in each area)

[DWCAP]

Specifically, our model
has a standard deviation in house price valuations
of +/-15 percent, meaning that any valuation
between 15 percent overvalued and 15 percent
undervalued should be considered statistically
normal.

Basically they are saying that because historical valuations swing so wide, we cant control for it. So a 500k house could be 575k and still be considered fairly valued. It could also be that a house at 425k would meet the same valuation of “fair”. So basically they cant differeniate between 425k and 575k as that falls in their margine of error. That is a rather wide spread don’t ya think?

Plus, just a guess, but they are most likey using the median house price, and we all know the problems with using that as your gage. (if I am wrong please correct, I couldnt find how they identified a price in each area)

[DWCAP]

Specifically, our model
has a standard deviation in house price valuations
of +/-15 percent, meaning that any valuation
between 15 percent overvalued and 15 percent
undervalued should be considered statistically
normal.

Basically they are saying that because historical valuations swing so wide, we cant control for it. So a 500k house could be 575k and still be considered fairly valued. It could also be that a house at 425k would meet the same valuation of “fair”. So basically they cant differeniate between 425k and 575k as that falls in their margine of error. That is a rather wide spread don’t ya think?

Plus, just a guess, but they are most likey using the median house price, and we all know the problems with using that as your gage. (if I am wrong please correct, I couldnt find how they identified a price in each area)

[DWCAP]

Specifically, our model
has a standard deviation in house price valuations
of +/-15 percent, meaning that any valuation
between 15 percent overvalued and 15 percent
undervalued should be considered statistically
normal.

Basically they are saying that because historical valuations swing so wide, we cant control for it. So a 500k house could be 575k and still be considered fairly valued. It could also be that a house at 425k would meet the same valuation of “fair”. So basically they cant differeniate between 425k and 575k as that falls in their margine of error. That is a rather wide spread don’t ya think?

Plus, just a guess, but they are most likey using the median house price, and we all know the problems with using that as your gage. (if I am wrong please correct, I couldnt find how they identified a price in each area)

[DWCAP]

Specifically, our model
has a standard deviation in house price valuations
of +/-15 percent, meaning that any valuation
between 15 percent overvalued and 15 percent
undervalued should be considered statistically
normal.

Basically they are saying that because historical valuations swing so wide, we cant control for it. So a 500k house could be 575k and still be considered fairly valued. It could also be that a house at 425k would meet the same valuation of “fair”. So basically they cant differeniate between 425k and 575k as that falls in their margine of error. That is a rather wide spread don’t ya think?

Plus, just a guess, but they are most likey using the median house price, and we all know the problems with using that as your gage. (if I am wrong please correct, I couldnt find how they identified a price in each area)

[patientlywaiting]

OMH, I wouldn’t surprised to see National City on the list of failed banks before this is over.

[patientlywaiting]

OMH, I wouldn’t surprised to see National City on the list of failed banks before this is over.

[patientlywaiting]

OMH, I wouldn’t surprised to see National City on the list of failed banks before this is over.

[patientlywaiting]

OMH, I wouldn’t surprised to see National City on the list of failed banks before this is over.

[patientlywaiting]

OMH, I wouldn’t surprised to see National City on the list of failed banks before this is over.

[waiting hawk]

I told ya back on March 5th,

“1. People keep wondering why banks don’t just drop the price and sell the foreclosures. THEY CANT. Banks do not have the capital to take these loses onto their books as they would become totally insolvent. The government will ultimately step in and physically take these foreclosures off their sheets for them at the expense of the taxpayers. It is the only option I can foresee coming in the future. This is not new as they did the same in the 90’s with fewer amounts of foreclosed homes.”

[waiting hawk]

I told ya back on March 5th,

“1. People keep wondering why banks don’t just drop the price and sell the foreclosures. THEY CANT. Banks do not have the capital to take these loses onto their books as they would become totally insolvent. The government will ultimately step in and physically take these foreclosures off their sheets for them at the expense of the taxpayers. It is the only option I can foresee coming in the future. This is not new as they did the same in the 90’s with fewer amounts of foreclosed homes.”

[waiting hawk]

I told ya back on March 5th,

“1. People keep wondering why banks don’t just drop the price and sell the foreclosures. THEY CANT. Banks do not have the capital to take these loses onto their books as they would become totally insolvent. The government will ultimately step in and physically take these foreclosures off their sheets for them at the expense of the taxpayers. It is the only option I can foresee coming in the future. This is not new as they did the same in the 90’s with fewer amounts of foreclosed homes.”

[waiting hawk]

I told ya back on March 5th,

“1. People keep wondering why banks don’t just drop the price and sell the foreclosures. THEY CANT. Banks do not have the capital to take these loses onto their books as they would become totally insolvent. The government will ultimately step in and physically take these foreclosures off their sheets for them at the expense of the taxpayers. It is the only option I can foresee coming in the future. This is not new as they did the same in the 90’s with fewer amounts of foreclosed homes.”

[Author]

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