- This topic has 24 replies, 6 voices, and was last updated 17 years ago by
NotCranky.
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May 21, 2007 at 2:48 PM #54171May 21, 2007 at 2:48 PM #54184
DaisyDuke
ParticipantI haven’t logged in for some time because I didn’t have anything to contribute. I read this thread and was concerned I somehow posted info on foreclosures that is confusing people. So this email is just to maybe (hopefully) clear up a question.
When I posted foreclosure data from RealtyTrac, the numbers for OC, LA and SD they were “raw” numbers. The NODs can sometimes include a piece of property that has more than one default against it so that might be the cause for elevated numbers.
There, now I go back into silence and watch the world turn!
DD
May 21, 2007 at 3:05 PM #54173Diego Don
Participant“Rustico said on May 21, 2007 – 12:20pm.
although the revisonist history of the 1991 bubble burst doesn’t show it, the market did in fact implode for the most part.I don’t buy that “long and slow” has been reasoned out here yet?”
Interesting, I wasn’t paying attention to real estate at that time. My impression was a slow esculator ride down. But it was peaks and valleys? Or falling off peaks then valleys, then falling, valley, falling. Or falling, dead cat bounce, falling, dead cat bounce.
Ya, I’m on the sidelines watching. Would be nice to see a chart of the last housing decline. So I could know what to expect. Would be nice too if I quit spending so much time reading Piggington’s because I don’t think I will be buying for a long time (happy/bitter renter/investor) ;). But I can’t stop reading Piggington’s.
May 21, 2007 at 3:05 PM #54186Participant“Rustico said on May 21, 2007 – 12:20pm.
although the revisonist history of the 1991 bubble burst doesn’t show it, the market did in fact implode for the most part.I don’t buy that “long and slow” has been reasoned out here yet?”
Interesting, I wasn’t paying attention to real estate at that time. My impression was a slow esculator ride down. But it was peaks and valleys? Or falling off peaks then valleys, then falling, valley, falling. Or falling, dead cat bounce, falling, dead cat bounce.
Ya, I’m on the sidelines watching. Would be nice to see a chart of the last housing decline. So I could know what to expect. Would be nice too if I quit spending so much time reading Piggington’s because I don’t think I will be buying for a long time (happy/bitter renter/investor) ;). But I can’t stop reading Piggington’s.
May 21, 2007 at 9:15 PM #54177NotCranky
ParticipantI think I might have to call myself on lack of data before some one else does :)! An implosion was my street level perception and I would even say experience of what was happening. I do know that foreclosure and other data alone does not support what I am saying about a great early 90’s bust on a county wide level and I shall make a mental note to remember that.I think that would show a slide,county wide, through the 90’s with some extreme lows spread around in each year and then growing strength since around 98′. I am still tryin to figure out why the union tribune would have us believe that the median price decrease was something like 15% peak(89) to trough (98) I mistrust that and call it ” Revisionist” But I think I am starting to see the light as to why I could have seen what I did and a number like that isn’t a lie or at least not as big of a lie as I have been in the habit of believing it was. If my perception is not completely on track it may be skewed by the fact that I was of a “Bargain Hunting” mentality in general and more familiar with areas at that time that did in fact have some very large and broad price declines early on . It is that old logic problem of using the exceptions for the rule.It was ugly though!But that is about the last cycle and I can be wrong about this new one until proven otherwise!Faster and deeper it is!
Best wishesMay 21, 2007 at 9:15 PM #54190ParticipantI think I might have to call myself on lack of data before some one else does :)! An implosion was my street level perception and I would even say experience of what was happening. I do know that foreclosure and other data alone does not support what I am saying about a great early 90’s bust on a county wide level and I shall make a mental note to remember that.I think that would show a slide,county wide, through the 90’s with some extreme lows spread around in each year and then growing strength since around 98′. I am still tryin to figure out why the union tribune would have us believe that the median price decrease was something like 15% peak(89) to trough (98) I mistrust that and call it ” Revisionist” But I think I am starting to see the light as to why I could have seen what I did and a number like that isn’t a lie or at least not as big of a lie as I have been in the habit of believing it was. If my perception is not completely on track it may be skewed by the fact that I was of a “Bargain Hunting” mentality in general and more familiar with areas at that time that did in fact have some very large and broad price declines early on . It is that old logic problem of using the exceptions for the rule.It was ugly though!But that is about the last cycle and I can be wrong about this new one until proven otherwise!Faster and deeper it is!
Best wishesMay 21, 2007 at 10:55 PM #54240jonnycsd
ParticipantHi, been lurking a while and enjoying the reading. Rich has a couple nice charts with Case Shiller valuations, both nominal and real, right here:
http://piggington.com/historical_home_prices_payments_rents_rates
J
May 21, 2007 at 10:55 PM #54251ParticipantHi, been lurking a while and enjoying the reading. Rich has a couple nice charts with Case Shiller valuations, both nominal and real, right here:
http://piggington.com/historical_home_prices_payments_rents_rates
J
May 22, 2007 at 10:08 AM #54297ParticipantHi Jonny,
Yeah that’s ths story. Thanks for putting it up.
I “lurked” for close to 1 1/2 year before posting. I wonder what the record is?
Best WishesMay 22, 2007 at 10:08 AM #54310ParticipantHi Jonny,
Yeah that’s ths story. Thanks for putting it up.
I “lurked” for close to 1 1/2 year before posting. I wonder what the record is?
Best Wishes -
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