OT– Mr. Mortgage, Where Are You?

[DWCAP]

[quote=temeculaguy]

If they are yearning for a new leader, maybe I can be of help, I’ll give it the ole college try.

All houses will be foreclosed upon, tsuinami, tsuinami, blah, blah, everyone is underwater, government intervention will fail, you can buy a house in carmel valley or on the beach for 100k but even that will be knife catching, houses will be ten cents.

How’d I do?[/quote]

You forgot lots of charts showing arrows pointing out obvious increases/decreases. I always like the arrows, as if somehow I wasnt able to figure out directions on a graph.

And I wont bag on the guy totally, some of his information was usefull in understanding what is happening and what wasnt. Your average person reading the news paper thinking prices are going up cause the median is going up could learn a thing or two, especially from some of his earlier work.
Our recient expereince with the bubble taught us how much people dont know Jack or Sh$% about real estate and how far alot of people will go to sell RE to those people. Someone on the opposite side will hopefully balance out the conversation alittle.

[moneymaker]

Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.

[moneymaker]

Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.

[moneymaker]

Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.

[moneymaker]

Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.

[moneymaker]

Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.

[Aecetia]

Without me your life would be: “solitary, poor, nasty, brutish, and short”… and boring, very boring. I am your foil. Because of me, you shine like a star.

[Aecetia]

Without me your life would be: “solitary, poor, nasty, brutish, and short”… and boring, very boring. I am your foil. Because of me, you shine like a star.

[Aecetia]

Without me your life would be: “solitary, poor, nasty, brutish, and short”… and boring, very boring. I am your foil. Because of me, you shine like a star.

[Aecetia]

Without me your life would be: “solitary, poor, nasty, brutish, and short”… and boring, very boring. I am your foil. Because of me, you shine like a star.

[Aecetia]

Without me your life would be: “solitary, poor, nasty, brutish, and short”… and boring, very boring. I am your foil. Because of me, you shine like a star.

[patb]

[quote=threadkiller]Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.[/quote]

don’t mistake a plateau for a bottom.

certainly the fed is printing money like mad, but, there are an amazing load of defective mortgages still out there.

[patb]

[quote=threadkiller]Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.[/quote]

don’t mistake a plateau for a bottom.

certainly the fed is printing money like mad, but, there are an amazing load of defective mortgages still out there.

[patb]

[quote=threadkiller]Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.[/quote]

don’t mistake a plateau for a bottom.

certainly the fed is printing money like mad, but, there are an amazing load of defective mortgages still out there.

[patb]

[quote=threadkiller]Ok, inventory is low, prices are coming up, Rich’s chart has an inflection point where the second derivative is zero, and yet no one wants to call a bottom. I recognize this craziness, I’ve seen this before, ah yes it’s called rationalization. We just passed a bottom, is it the lowest we will ever see? Maybe not, a bottom none the less.[/quote]

don’t mistake a plateau for a bottom.

certainly the fed is printing money like mad, but, there are an amazing load of defective mortgages still out there.

[Author]

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