May 3, 2007 at 1:30 PM #8995
Powayseller’s latest publicity stunt for her lame website involves writing hate letters about Rich to the voiceofsandiego.org.
Having seen other rants she’s written, we know that the “countless mistakes” she mentions are just differences of opinion. But that doesn’t stop her from implying that the columns contain outright incorrect information, which is total BS.
You can comment on the letter at the above link on the voiceofsandiego.org site. Feel free to offer a counterpoint.
May 3, 2007 at 1:39 PM #51746
Wow – that’s quite a nastygram. She’s always been full of vitriol, but now she has gone TOO FAR.
May 3, 2007 at 1:43 PM #51748crParticipant
Cheap plug, but I’m not about to take advice on buying from a Realtor. She used to be a regular contributor here, why the fallout?
May 3, 2007 at 1:50 PM #51751
Cooprider, she used to post a lot and get quite strident when people disagreed with her. She started off with decent ideas but disintegrated over time – got quite upset when anyone had a different point of view, ESPECIALLY when they were right.
The classic “jump the shark” post is “S&P dropping to 600 by spring 07.” People keep bringing it back from the dead.
May 3, 2007 at 1:55 PM #51753
May 3, 2007 at 1:56 PM #51754masayakoParticipant
You say Rich’s analysis is Lacking, I just want to know: Where are the proofs?
Do you have any data to back what you say?
In God I trust, everyone else (including you) please bring data.
May 3, 2007 at 2:03 PM #51757
Someone needs to check the IP logs at VOSD and compare them to the Piggington IP log — I doubt that’s really her. It looks to me like a blatant attempt by a PS-hater to discredit her. She was never rude to Rich as far as I can remember and she’s not going to bash anyone for being too data-oriented since that’s what her whole website is about. Whoever posted it exhibits the characteristic poor spelling of an insecure faux-intellectual; one doesn’t “pour over data”, one “pores over data”.
May 3, 2007 at 2:05 PM #51758
sounds just like powayseller to me.
May 3, 2007 at 2:07 PM #51759
Wow, I think she has an honest to goodness mental disorder. She would completely go off the deep end now and again when she was posting here. Maybe she is bipolar. In any event, Rich chastised her previously (with good reason) and she seems to be intent on getting revenge by attacking him (while also drumming up traffic on her website). In addition to being disgusting, it is very sad, for she clearly has a lot of natural intelligence, which seems to have been hijacked by psychosis.
May 3, 2007 at 2:46 PM #51764AnonymousGuest
I’m not convinced PS wrote that, it sounds so foolish as if it had to be a joke. We all know PS is a little whacky/moody sometimes but I always chalked that up to menopause.
May 3, 2007 at 2:58 PM #51765
Before anyone tries to throw me under the bus, it was unequivocably not my work. I’m surprised someone hasnt tried to attribute it to me as an attempt to discredit her. I have nothing but the utmost respect for Rich and would never do anything like that. I doubt that it was submitted by her as that seems well below her.
BTW, I am responsible for global warming.
May 3, 2007 at 3:00 PM #51766
If the webmaster of this site has time, maybe they can ask the VOSD webmaster for the IP address that posted that letter — they should be able to search the logs here on this site and see if it shows up; if it does, you’ll know who posted it (please tell us if you find it!). I suspect someone is trying to make PS look bad. If not, then maybe she is just resorting to crazy tactics to try and drum up traffic for her site — but she’d have to be pretty freaking stupid to try something as lame as that…
May 3, 2007 at 3:11 PM #51769
Or, someone could call PS to verify – her phone number is on her website. I’d ask sdr to do it, but he’s too busy arguing with Al Gore.
May 3, 2007 at 3:17 PM #51771
I’m sure poway is thrilled that Piggington no longer links to her website. Oh well, you pay your money and you take your chances, as they say.
That’s some beautiful work there, lurkor. Simply outstanding.
May 3, 2007 at 3:42 PM #51773AnonymousGuest
The post is classic ps — misspellings, blunt, poor form. Poor girl either has a screw loose or is completely, utterly tone deaf.
Perry, you are partly responsible for this because of your lack of rebukes for/cheering on despite her past poor behavior. Present your hand for the ruler, sir!
May 3, 2007 at 4:12 PM #51778BugsParticipant
Regardless of who wrote that or what their motivations are, I assume the comments on PS’s web site that bear her name are an accurate reflection of her point of view.
I think Rich lets his work speak for him instead of the other way around, and I appreciate that. He seems to lay all the information he comes across out there and allows it to take it’s own form, even though some of the datapoints may conflict at times with the overall trends. BTW, that is the way the data behaves out in the real world – sometimes it’s more consistent than others. A lot of why I find Rich’s work credible is because when it’s inconsistent or inconclusive, he says so. He doesn’t try to jam every little square piece into the round hole for the express purposes of calling it all round.
As for him not using his every waking moment to run down every lead and pursue every story that comes to his attention, that’s not very difficult to understand. He isn’t running a pay site, this isn’t a business for him, and Piggington’s was never intended to be anything other than a blog or casual forum. We SHOULD have different expectations for a site like Piggington’s than we would for a site purporting to provide investment guidance or which is oriented to providing a professional service.
I’m here because of his work, not because of his personality or because I think he’s cute (although I’m sure some people do consider him to epitomize the image of a Greek God).
The only time I remember Rich getting involved in the user forums was on a couple occasions in the meetup threads and once to threaten to regulate the close quarters combat that was going on at the time between PS and her loyal opposition.
Who would have ever imagined Rich’s following would get big enough to have a vocal fundamentalist splinter group?
May 4, 2007 at 6:08 AM #51814lostkittyParticipant
Havent posted here in months… but…
I am here to present my hands for the ruler lashings.
I hang my head in shame (for always sticking up for her) and disappointment (if she really posted that – which I suspect she did).
I am a devoted member of the Professor’s following, and am appalled by this.
May 3, 2007 at 3:50 PM #51776
I think it is very possible she wrote that piece. She has attacked Rich before.
If she did not write it, she will post here and deny it. She still reads Piggington’s (because still posts on occasion) so she will probably see this thread.
May 3, 2007 at 4:13 PM #51779(former)FormerSanDieganParticipant
I occasionally check her site for content. She posted a similar thing on her own website, using similar words. The posting on voiceofsandiego says some of the same things she posted on hers.
Some excerpts and the link below …
One more thing: some people on the piggington forums ask what happened to powayseller. After I wrote that “Rich and I missed the boom”, which is true, he really lost his cool, and frankly I did not like contributing to a site where now the host was calling me some bad names. That was on top of having to deal with personalities like jg and others who often put me down, for no reason. I just got tired of dealing with them.
I also lost respect for the low level of reporting on that site, and the host’s reluctance to learn from others. I had sent him referrals, realtors he could interview, and they all told me he never called. I sent him emails with corrections to stories in the last few months, but no corrections were ever issued. So there is an air of super sensitivity, and that goes to the clash we had: Rich allowed all name calling in the forum, but absolutely would not tolerate any critique of his reports.
Sounds similar to the post on VOSD.
The unspoken rule over there is “do not disagree with the God”. The worship over there went against my sensibilities.
I hope that nobody worships me like that. I would never want that. Please always use your common sense, and don’t blindly believe people who try to teach you about real estate from behind a desk. I stopped reading Rich’s reports, because he uses data to speculate, instead of using facts/interviews to understand. So he comes up with some colorful graphs, but some of them frankly are wrong and misleading.
I realize he dropped me from his RSS Feeds for his website, so my reports are no longer posted over there. This was likely because he did not like that I corrected his story that NODs are must-sell inventory, leading to price drops. He was also mad, as I said above, that I wrote that ” I and he missed the real estate boom”.
I have no problem admitting that, or acknowledging any mistakes. I constantly question other people, so I can keep learning. Demand that of your advisors! Be careful getting your real estate advice from people who do not want to learn, who refuse to disclose their own real estate investing history, or who have a need to be worshipped rather than understood.
A big difference you will find here is that I welcome your comments, no matter how much you disagree with me.
– – – – – – – –
May 3, 2007 at 4:30 PM #51782
Holy cow, maybe that really was her! I never read her site so I just gave her the benefit of a doubt. After reading that bit I’m glad I didn’t waste my time…
May 3, 2007 at 4:46 PM #51784SD RealtorParticipant
I believe it was her.
May 3, 2007 at 5:14 PM #51786lurkorParticipant
Read the above rant copied from her crap site and then read the voice of sd letter. No question it’s written by the same person.
Anyone who read that “missed the boom” post she mentions in the above rant knows that she is totally misrepresenting what actually happened. I recall Rich “lost his cool” because she was spreading false info about his private financial life, and then she wouldn’t stop when he asked her to. Funny how that part got left out.
It’s one thing for her to say funny, stupid stuff like “I stopped reading Rich’s reports, because he uses data to speculate,” but it’s another thing to spread lies and rumors and attack someone personally just because you disagree about some things. She is truly a despicable person.
May 3, 2007 at 5:19 PM #51787
Are her housing forecasts as solid as her S&P 500 forecasts?
May 3, 2007 at 5:24 PM #51788
Solid? Did you mean soiled?
May 3, 2007 at 5:31 PM #51790
Eh, six-a-one, half dozen the other.
So is poway a housing bull now?
May 3, 2007 at 5:41 PM #51791(former)FormerSanDieganParticipant
“Did you say soiled? heh, heh, .. Thats. Awwwwwwsome LMAO
May 3, 2007 at 7:11 PM #51794
There is one of two scenarios.
1.) She didnt do it and doesn’t deserve this attention or scrutiny
2.) She did it seeking attention and we shouldn’t reward her with our attention
Ignoring her seems to satsify both possiblities rather well.
May 3, 2007 at 7:33 PM #51796
That was on top of having to deal with personalities like jg and others who often put me down, for no reason. I just got tired of dealing with them.
Aw, JG, how come you got mentioned and I didn't? I think my feelings are hurt. 🙂
May 3, 2007 at 8:36 PM #51801
I concur with Bugs — let the work speak for itself. If people disagree with your opinions, let them be.
Rich is focusing on the big picture. Powayseller pursues every single lead that prove her points. She is a fundamentalist/evangelical splinter of the bubble blogosphere. She won’t relent until everyone is converted to her side.
One may not like powayseller’s opinions but she does have a right to free speech. She has the right to write to the VOSD editor to express her opinions. He can choose to print her writing or not. I fail to see what the big deal is.
May 3, 2007 at 9:14 PM #51806AnonymousGuest
PD, your retorts are always well-reasoned, defensible, and civil. Mildy catty, sometimes, but always highly enjoyable.
Me, I’m the red state, religious, ex-military Neanderthal, aka ‘whipping boy.’ Can’t you see the sign on my back that says, ‘Kick me’?
Perry, Perry, tsk, tsk. At some point, unsubstantiated public comments that color a person’s ability to earn a living start moving towards actionable slander.
May 7, 2007 at 8:45 PM #52016kev374Participant
I don’t condone the public attacks at all or any sort of unprofessionalism but my unbiased view is that her site looks good.
May 8, 2007 at 3:41 PM #52106
I too think that powayseller’s site looks good.
Here’s what my advice to powayseller would be:
1) Layoff the attacks on others. Let them be and continue to produce your own excellent reports. It’s OK to point out other people’s mistakes but do so only in passing, saying that you differ from the author — no need to tear them apart.
2) Fixating on other people’s work is counter-productive. You should be busy on your own work rather than spending time reading other’s people writing.
3) It’s not your job to save the world. If might serve you better if others are obviously wrong. Your work will shine all the more. Why would you want to correct them and give away your competitive advantage?
4) People are under no obligation to issue corrections just because you e-mail them. They don’t work for you.
5) Relax a little and think “que sera sera.”
May 3, 2007 at 4:42 PM #51783
Suddenly, I’m interested in posting over there just to see how well she keeps learning.
We could start a pool to see how long it takes her to start deleting posts under the guise of “Moderating” her forum.
May 3, 2007 at 5:11 PM #51785capemanParticipant
That's pretty funny. Claiming someone's data and their statistical interpretation of the data is wrong because they won't interview people.
I stopped reading Rich's reports, because he uses data to speculate, instead of using facts/interviews to understand.
That makes no sense at all. Real data and real numbers are about as factual as you can get. Interviews and opinions from those in the trench are just that… opinions. I would not trust what RE agents and most economists have to say since they have been the benefactors and in most respects the promoters of the current asset bubble. There has never been a precedent for the current bubble so someone's “expert” opinion on what will happen next is pure SPECULATION.
She should probably get her terminology down since there is a big difference between interpretation and speculation. Rich has been really good at presenting and interpreting data so that we as readers can digest it and decide if it makes sense.
That is the proper way to educate and enlighten people.
May 3, 2007 at 3:11 PM #51770lurkorParticipant
It sounds like pure Powayseller to me. If it’s a fake, it’s damn good.
I clicked over to her site (damn, I guess her ploy worked) and this chart caught my eye:
That’s some serious professionalism, just what i would expect from a pay site. Do you think she hired a graphic design firm to add that blue line, or did she pull that off herself? It seriously looks like something a toddler would do with a crayon.
May 3, 2007 at 2:01 PM #51756bubParticipant
Thanks for the heads up brooke. I just left a comment.
Damn she is “totally whacked”(as the kids like to say).
Gonna say a little prayer for her husband and children. She can go to hell.
May 3, 2007 at 1:41 PM #51747
For good housing market analyses, go to my website.
Hey Professor Berkland – do you know what "spell check" is?
Why would ANYONE pay for analysis from someone who can't even spell analysis?
Poweyseller = amateur hour.
May 3, 2007 at 3:50 PM #51775
I’m no powayseller supporter, but I, too, have a feeling this is not her post. I’m sure she’ll post here soon if it isn’t her.
May 3, 2007 at 8:49 PM #51804
I’d suggest boycotting her site but that would be redundant.
May 3, 2007 at 10:09 PM #51809CoronitaParticipant
Is this person the same one that predicted the S&P 500 would hit 600 by May 2007?
May 4, 2007 at 4:23 AM #51813anxvarietyParticipant
In her posts I’ve heard allusions to certain substances that only a person who has lived with someone doing such would be able to pick up on.. that said, if you read back she had irrational beef with Rich when he wasn’t willing to disclose(rightfully) her constant antagonistic requests as to what he earned in his private real estate transaction(s) – she was way outta line. I might have the details wrong, but it was outta line.
May 4, 2007 at 7:50 AM #51816ltokudaParticipant
Wow! I always thought Powayseller was a bit wacky. But now I’m inclined to think there’s something medically wrong with her. I hope she gets help.
May 4, 2007 at 7:57 AM #51818MANmomParticipant
I thought the funniest part of her rant on her website was the part about “fearing for her life”…huh?
May 4, 2007 at 8:50 AM #51831sakina96Participant
Where can I find the original thread that PS references…”Rich and I missed the boom”.
I’ve never cared for PS (to say it lightly), I’m glad that even some of her previous supporters are finally realizing that she is certifiable.
May 4, 2007 at 10:18 AM #51843
I checked out her website a few days ago and saw the link on the home page re. why I left piggington. I checked it today, and she removed the link from her home page. Good idea on her part.
Yeah, MANmom, I totally agree with you. That was so funny it was awesome. If I had to rate piggingtonians on a scary whacko meter, powayseller would rank quite a bit higher than sdrealtor.
May 4, 2007 at 10:32 AM #51850BugsParticipant
May 4, 2007 at 11:05 AM #51852DrewParticipant
When I first came to piggington about 15 months ago, I thought to myself, “wow, this powayseller gal has her data together”. However, after seeing the tone of her posts cascade into emotional rants and attacks, I lost faith in her ability to provide an objective analysis.
Her final posts on piggington and comments like these on the VOSD site (if its really her) are akin to crooked attorneys or investigators that wrongly prosecute innocent people. I know this is a horrendous apples/oranges comparison 🙂 But its the same type of mentality — letting your emotions dictate rather than the facts.
Personally, I think piggington is great because of the “everyone else bring data” philosophy. Also I prefer the objective opinions that people like sdrealtor, SD Realtor, etc. post here, because frankly, it keeps me “honest”. As much as I would like to see housing prices plummet to a level that would allow me to use my previous home’s equity to purchase another home outright, I think that people marching to this beat will most likely be in for a big letdown.
May 4, 2007 at 11:13 AM #51853lnilesParticipant
[img_assist|nid=3328|title=Whoa.|desc=Whoa. Looks like she remembered to take her medication today and deleted the “why I left piggington” rant. I still love her website though, those crayon drawing overlays on the charts really crack me up.|link=node|align=left|width=466|height=285]
May 4, 2007 at 11:45 AM #51854
AH, jeez, lniles – that’s funny. Yer killin’ me.
I like how she lists one of her consulting credentials as “avoided investing in tech stocks in 1999” – a credential shared by her and most 10-year olds.
Strangely, “gambled big on the S&P 500 crash of Spring 2007 and lost my ass” isn’t listed.
May 4, 2007 at 3:04 PM #51874
I sure hope you all dont think I’m a scary whacko. Heck I’m just having a little fun and trying to keep everyone honest.
For those new here, the exchanges between PS and myself were pretty entertaining, at least from my perspective. Here’s a little history for how it all got going. She posted enough information about that sale of her home that anyone with MLS access could easily figure out who she was. When I figured out who she was I took here to task for calling herself “powayseller” which is an outright incorrect statement. Her house was in an unicorporated portion of San Diego County and actually had a Lakeside mailing address. It was not in Poway by any definition but had access to Poway Schools. I called her “Lakesideseller” and “PowaySchooldistrict seller” and it infuriated her. She got caught with her hand in the cookie jar and never recovered. She maintained that I was a creepy stalker and tried to claim she feared for her safety. I told her over and over that I would never identify her and that she had nothing to fear but her embaressment at getting caught in a lie was too much for her to admit. BTW, I’m about as harmless as they come and can honestly say I’ve never raised a hand in anger to anyone in my life.
Nonetheless, I became the villian and she the crusader of bubblehead rights. It was fun while it lasted until it became apparent to me that she was not playing with a full deck and was far more caustic than myself so about 6 months ago I lost interest in the whole spate. Plus by that time, she had alienated enough people, that it was equally entertaining to watch her irrational rants as a spectator.
I can honestly say, I hope she find peace in her life because she’s not in good place right now. She’s become too infatuated with her self proclaimed pseudo-celebrity status and though she is obviously very bright she doesnt seem to be making smart decisions these days.
May 4, 2007 at 3:20 PM #51877
So, PS is BS, screen-name and otherwise. Thanks for giving us the backstory.
May 4, 2007 at 3:22 PM #51878daveljParticipant
Why don’t people take me more seriously? I mean, I’ve been totally right about everything that I’ve ever posted on the internet except for all those times when I’ve been completely wrong and it’s been pointed out to me in the most unceremonious fashion by those evil Piggingtonians. Anyhow, back to the drawing board. Note to self: Remember to order the steel bars for the windows and the new security system. I fear for my safety, Diary. Really, I do. Especially from sdrealtor and Rich. If I die under strange circumstances, Diary, please point the police in the direction of the aforementioned. I’m sure they will be found culpable.
May 4, 2007 at 3:25 PM #51879
As I walk through the halls at work, the words “Rich Poo Poo Head” pop into my head for no apparent reason and I simply bust out laughing. That really struck my funny bone.
May 4, 2007 at 3:37 PM #51881
I had a couple of minor spats with “lakesideseller” (thanks for the backstory, sdrealtor) when she began posting very shallow analysis which made it obvious for anyone with an economics background to understand that she had absolutely no economic training/experience. She misused terms and concepts and refused to listen when it was pointed out to her.
She railed against people who thought they were geniuses for buying a home and riding the equity wave up, but then fell into the same trap by considering herself some kind of investment guru because she sold before the crash.
I wonder how long she’ll keep her website alive? It’s obvious that it’s a waste of time and money – her motivation has to be waning. I give it mid-summer, tops.
May 4, 2007 at 4:03 PM #51883avidsaverParticipant
As one of the regular “novice lurkers” on this site, I have to say that I’m pretty disappointed by her letter (with the “if it was really her” disclaimer). What was her point? Boy am glad I didn’t follow her advice to keep 80% of my assets in cash! Woulda missed out on the equity run-ups this year…
May 4, 2007 at 5:24 PM #51888
I’m thinking the answer to this thread:
is “yes”, then ?
May 4, 2007 at 7:44 PM #51894DrewParticipant
The term, “delusions of self grandeur” comes to mind when I read that post.
May 4, 2007 at 10:17 PM #51900zkParticipant
I agree with PD the most. Powayseller is a bright person whose mind has been “hijacked.” It’s too bad, really. Check out the symptoms of narcissistic personality disorder:
1.has a grandiose sense of self-importance
2.is preoccupied with fantasies of unlimited success, power, brilliance, beauty, or ideal love
3.believes that he or she is “special” and unique and can only be understood by other special people
4.requires excessive admiration
5.strong sense of entitlement
6takes advantage of others to achieve his or her own ends
8.is often envious or believes others are envious of him or her
May 5, 2007 at 8:28 AM #519044plexownerParticipant
I’ve checked out powayseller’s site three times – on each occasion I found bad grammar, mis-spellings and incorrect data being presented as fact
The most obvious data mistake was her saying that the US needs $35 billion per day from strangers when the real number is $3.5 billion
OK, it’s only a mistake with a decimal point but why would I want to read about economics from someone who can’t spell, use correct grammar or check their work for accuracy?
I also found ps’s description of herself amusing to the point of LOL’ing – this is a person who posts things like “I forgot about inflation” claiming to be an economist
Lord save anyone who follows ps’s advice blindly
May 5, 2007 at 10:14 AM #51908
Man, why all the vitriol?
I’m not defending powayseller’s personality or social skills, but isn’t what she says simply the opposite of what the REIC doles out everyday?
Much of what powayseller distributes is correct. Her level of accuracy is superior to that of the Real Estate boosters’ who can only say that “this time it’s different.”
I don’t mind the message so I’m willing to give the messenger some slack. Like I say before, she’s no different from the extremist/missionary/evangelist out to spread the “word.” She won’t let anything stand in the way. Some might say that she’s “driven.”
May 5, 2007 at 10:50 AM #51910
It’s the lying that’s the problem.
Perry, she is welcome to offer an alternate view but my problem is with her lying and abusive behavior. Rich always took the time to answer her constant emails about economic stuff and advice on starting a website. He was very patient (too patient) when she started spreading UNTRUE rumors about his private financial history and basically calling him a liar, and he even let her stay on the forum despite this behavior. He smacked her down on the forums a couple times, but considering the things she said to him, he has been incredibly patient with her.
After all that, for some reason we don’t understand at all, she started personally attacking Rich and spreading lies about him.
– She makes it seems like Rich rules this site like a tyrant, that he won’t accept criticism, and she calls him a “self-anointed guru.” The fact is that he has never banned a user, not even ps, except for comment spammer bots. And he never deleted a non-spam post, with one exception: when powayseller herself demanded it because she claimed it contained private info about her, and Rich gave her the benefit of the doubt. That’s the only post he ever deleted. And anyone who has talked with Rich knows that he is fine with people questioning his arguments and he actually likes it because it makes the arguments stronger.
– Rather than taking any responsibility for purposely starting untrue rumors about Rich’s history of real estate transactions and insulting his integrity, she completely mischaracterizes what happened in the that one thread and makes it sound like Rich is some sort of irrational and insecure hothead. Yes, she pissed him off. She pissed him off because she posted false info about him, and even though he asked her to stop she continued and then purposely started a false rumor with the intent to back him into a corner of giving out personal info he didn’t want to give. It was amoral and incredibly mean-spirited and Rich should have banned her on the spot, but he didn’t. Now she claims he “lost it” because she said he missed the boom, which is an outright lie. Go dig up the thread if you are interested and you will see.
– What she says are “mistakes” that she corrected in the voiceofsandiego letter are just different interpretations she had. The wrong interpretations, in my opinion, but I can see the difference between different interpretations and “mistakes.”
So Perry, if people want to disagree with Rich or even say he’s wrong or an idiot that’s fine. But she has personally attacked him despite his patience with her antics and worse she has published outright lies with the intent to make him look bad. Her behavior is disgusting and I think zk is right on with his diagnosis, especially the part about her taking advantage of others.
For new people, if you are wondering how I know all this stuff, it’s because Rich is my husband and I can tell you he is upset about her inexplicable personal vendetta against him and the lies she is spreading. On the positive side, thanks to everyone who has offered words of support here at at the voiceofsandiego. I really appreciate your coming to the defense of Rich and he does too. Rich wanted to make sure I mentioned his gratitude. The nice things people said are the one bright spot in this whole ugly mess.
May 5, 2007 at 8:26 AM #51903privatebankerParticipant
Powayseller is an absolute joke. I remember how naive she was when this site first came out. All of a sudden, she is a real estate expert (self-proclaimed).
History of PowaySeller:
– Starts out asking naive questions about RE/Economy
– Is on the site from morning till night with nothing better to do. I recall seeing her posts time stamped at 2 am on a number of occasions.
– From time to time, she would post a comment about her local observations
– As her confidence grew, she would copy and paste news stories from other sites
– With a growing ego, she begins questioning other people’s comments
– Ego still growing, she starts commenting on her own RE & economic views and simultaneously becomes an expert in all investments. Openly giving amateur investment advice to people she does not know.
– Regularly attacks other people’s posts and gets attacked in return
– Proclaims that she will never post on site again
– Some people say hey miss her comments (what were they thinking)
– She comes back (what a shock!) and begins being a typical idiot posting bird brain comments
– She successfully pisses off Rich et al
– Begins her own website providing the world with her “expert” views on the economy, investments and real estate.
Like I said, she is an absolute joke.
May 5, 2007 at 11:53 AM #51912powaysellerParticipant
My beef is with the content of the reports.
He implies that falling $/sq ft is due to price drops, but in fact, it is due to a shift in the mix of homes sold. Although prices are dropping, it is not reflected in $/sq ft. That measure suffers from the same problems as median. As the distribution of homes sold changes, and we sell fewer entry level homes, the median rises, the average rises, and the $/sq ft falls. This occurs even if prices are flat.
He wrote that NODs are must-sell inventory, but in fact most homes in NOD status are not even listed for sale on the MLS, and even REOs are still listed too high. Few people in foreclosure list their homes for sale; they just don’t have the equity to care, or to pay a realtor. Consequently, the rise in NODs and REOs is not yet affecting prices. REOs seem to be among the worst, as lenders in faraway places think the San Diego market is still on fire; after all, the hear the median is rising! (I emailed him about this as soon as I read the story.)
He wrote that high NODs could be due to duplicate entries for the same home from piggyback loans, but there is no proof. foreclosure.com shows only 1 entry per home. (I emailed him about this as soon as I read the story.)
Brooke, if you really want to help Rich, then encourage him to improve his analysis and stop jumping to conclusions. Push him to do better.
May 5, 2007 at 11:56 AM #51913
So here we have it, admission through lack of denial. She did do it.
Powayseller, toot your own horn all you like but quit attacking Rich, it makes you look like a mentally unstable freak. Additionally, it completely destroys any credibility you might have had.
May 5, 2007 at 12:06 PM #51914
He wrote that high NODs could be due to duplicate entries for the same home from piggyback loans, but there is no proof.
COULD is the key word here. You seem to have missed it, PS. This is in stark contrast your observations and conclusions, which you consistently present as absolute fact.
If I am not mistaken, Rich and Piggingtons provided important information that convinced you to sell your house, thereby saving you an amount that is probably approaching $100,000. And you treat him like this? What is wrong you?! If you disagree with him or have conflicting information, fine. Present it in a civil manner here on Piggingtons.
But LAY OFF THE PUBLIC ATTACKS!!!!
May 5, 2007 at 12:31 PM #51915
Posted by Powayseller last summer: http://piggington.com/take_a_minute_out_to_thank_rich
Rich, let me start this post by thanking you for your hard work, dedication, foresight, and courage to start this Econo-Almanac. When you started, the media and most people were still saying that housing can only go up. You went out on a limb, and you educated many people, probably thousands who come here. Thanks again, and if anyone else has a minute to add to this post, I think he deserves a hand!
May 5, 2007 at 12:49 PM #51916
Rich doesn’t just deserve a hand, he deserves a standing ovation for all the good info that he presented which convinced me to decide NOT to jump back into the market after my last home sale two years ago.
Due to Rich, I have saved at least $100,000 and plenty of headaches – I don’t stay awake at night wondering what I got myself into. I’ve also had a heck of a good time reading all these posts, most of which were written by people with rare intelligence.
Thank you, Rich!!! You have made ME rich!!!!
May 6, 2007 at 9:18 AM #51919zkParticipant
The internet is full of ridiculous rantings and lunatic noise. But in the ten years I’ve been surfing the net, this is the most pathetic thing I’ve ever read:
“Brooke, if you really want to help Rich, then encourage him to improve his analysis and stop jumping to conclusions. Push him to do better.”
Holy crap, Schahrzad, you really are mentally ill. Despite copious evidence, you don’t get the fact that you have no idea what you’re talking about. Rich’s analysis of anything and everything makes yours look like it’s done by a foolish 9 year old.
I wrote a comment in response to your post on VOS; I don’t know whether they’ll post it. But in it, I suggest you get mental help. All these people on piggington saying that you’re whacked won’t convince you of anything. All the logic and reason in the world won’t convince you of anything. The only way you’ll realize what and who you really are is to get professional help. And until you realize what and who you are, you won’t be able to reach your full potential. Good luck.
PC, saying ps is not as bad as those in the REIC is like saying Bush isn’t as bad as Hitler. I know you like to be nice, and that’s nice. You seem to me to be the type of guy who knows what “enabling” means. You’re enabling ps. Help her out and stop doing that.
May 7, 2007 at 3:48 PM #52001lindismithParticipant
I’ve been away on vacation and am just back now, catching up on the market. I just have to shake my head when I see this.
Chris Johnston once told me that every forum has someone who’s a bit of a nutcase.
I think she offered a lot of great insight here initially, but she just ended up rubbing everyone the wrong way, often unintentionally. Around the time she pissed of Docteur, the dye was cast, and I think her internet persona was born – she found provoking people to be her shtick.
She has so much potential, and it all just seems wasted because of her ego, and lack of simple social skills online. It’s too bad because she’s a really nice person offline.
May 7, 2007 at 4:53 PM #52005
Hey – maybe Docteur will come back now !!!
May 7, 2007 at 5:11 PM #52008
I wish he would. I was pretty ticked off when PS drove him away.
May 7, 2007 at 7:49 PM #52014
I was thinking exactly the same thing not 30 minutes ago. I’d love to have Docteur back.
May 5, 2007 at 3:04 PM #51920
PowaySeller – You are so backpedaling here.
You say your beef is with the content of Rich’s report. That’s fine. Present your case, just like you did now, (just leave out the nastygram to Brooke). Feel free to respond here or at the Voice. No one would have a major issue with that. You could even promote your site by including your links. No prob.
But that’s not what you did. You tactlessly and tastelessly attacked Rich; and I quote: “The poor analysis by Rich Toscano on the housing market has got to stop.”
The right thing for you to do at this point is to publicly apologize. Think about it.
May 5, 2007 at 3:41 PM #51922
Poway took a gamble in an attempt to draw Piggington readers to her private service. I’ve seen the same tactic employed, every bit as artfully, on other subscription sites (I’m a basketball junkie of my alma mater.)
Of course, the risk associated with such a move was that Rich would remove CHF from the Bubble Bloggers links, which he did.
May 5, 2007 at 3:49 PM #51924lostkittyParticipant
I sent her an email last year when this all started suggesting she should publicly apologize to Rich. She sent me numerous emails back trying to convince me that I was wrong to suggest it.
I deleted my link to her site, not that she cares since I refused to join or pay… ridiculous
May 5, 2007 at 4:12 PM #51925
Uh, HereWeGo, you are giving her way too much credit. I doubt, very much, that was an intentional, logical, move on her part to get more to her site. From her history here, it was more of the “I’m right, and anyone who dares to disagree with me, is wrong.” philosophy.
May 5, 2007 at 10:35 PM #51931AnonymousGuest
As I’ve said before PS is nothing more than an attention whore. She no longer garners the attention she so craves on this site, and clearly nobody is looking at her own site, so she must resort to antics like this to keep getting attention. She has been pulling gimmicks on this blog forever. The solution is simply to IGNORE HER. That is the worst punishment you can possibly inflict.
May 5, 2007 at 3:41 PM #51923
“My beef is with the content of the reports.”
What does that have to do with you publicly launching personal attacks and spreading lies about my husband?
Another clumsy attempt at misdirection by ps.
I can’t believe you have the nerve to come here and post. You are now banned from the site. You are the first banning ever-congratulations.
May 6, 2007 at 8:52 AM #51937
“You are the first banning ever-congratulations.”
I’m glad to see something good has come of this.
In the words of the great San Diegan, Jeff Spicoli :
Awesome – totally awesome !
I’m done with this thread and, thankfully, powayseller.
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