April 6, 2006 at 5:58 PM #6459powaysellerParticipant
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!April 6, 2006 at 6:35 PM #24033AnonymousGuest
All right Poweyseller, you did it again! You’ve convinced me to post! Yes, thank you! I love this site and I love reading the Professor’s work. Not only is it thorough, intelligent and extremely informative, it’s amazingly well written. Not to mention your awesome sense of humor. You’ve had me crackin’ up on numerous occasions. So, again, thank you!!!April 6, 2006 at 8:36 PM #24040RightSideParticipant
Well I can agree with you on this, Rich has done an oustanding job and I think he should raise his rates and close off the forums to only premium subscribers…my only other request is that we limit powayseller to only 1 post a day…April 6, 2006 at 9:23 PM #24043BugsParticipant
I like this site because data talks and B.S. walks.April 6, 2006 at 9:28 PM #24045speakerParticipant
I know one thing with great certaintity:
Rich has potentially saved me and the Mrs. a boat load of money. I say this not because I am delusional about timing the market and hoping to buy at the bottom but rather I am now much more informed and thus less likely to fall victim to toxic financing and/or overbidding for an overvalued home.
The Net is chock full of real estate bubble blogs but very few of them actually inform, inspire, and make the real estate industry sweat the way The Econo-Almanac does for the San Diego area. Your day will come shortly, Professor, when your work hits the mainstream. only then will you truly make the Learah’s of the real estate industry sweat. Actually, Learah IS the industry….but I digress. It’s kinda’ prohpetic when you consider that the national media views the San Diego real estate market as the proverbial canary in a coal mine and the Professor was the first to say (with unbiased, objective data to boot!) “Hey, this canary is coughing up blood!”
I would like to add one last thing:
if you don’t like Poway posting so much, then by all means step up and post to the forums!!
“End of line.”April 6, 2006 at 10:05 PM #24047lendingbubblecontinuesParticipant
Thanks Rich- you rock!
Many of us in here are still waiting to hear you define your self-proclaimed sophistication from the Bressi Ranch thread…April 6, 2006 at 10:08 PM #24048lendingbubblecontinuesParticipant
PrivateBanker did call your bluff and I must say I smell a lot of horse manure myself.April 6, 2006 at 10:15 PM #24050sdrealtorParticipant
Its great to have a place where I can learn more about the psychology of the other side of the housing hysteria. Best of all occasionally there outstanding nuggets (Thanks BUGS!) that we can all learn from regardless of our positions.April 6, 2006 at 10:55 PM #24051zkParticipant
Always good stuff, Rich. As they’ve said, informed, intelligent and frequently very funny.
I rarely post here because it’s like preachin’ to the choir on this website. If I posted here, I’d generally get agreement. I can get that from myself. I wonder if anyone knows of a website with a forum that’s more populated by bulls (preferably not RE professionals). I always like to hear both sides of the issue. As much as we try to stay objective, few of us are as good at it as Rich. And on a website that leans the other way, I might get more of a different perspective. Of course, you can always find bulls in the ranks of RE professionals. And if a guy’s a bull, you sorta suspect he’s in the business, even if he says he’s not. So that makes it a bit hard to figure out who’s biased and who’s not. Still, it couldn’t hurt to find a forum or two and check them out. Plus, of course, it’d be more fun to stick my opinions into places where they’re not expecting them. Any ideas?April 7, 2006 at 4:04 AM #24058lostkittyParticipant
Thanks Rich. You are one brilliant guy. Way ahead of the trends and basing your opinions/forecasts on statistics. Then graphing it all and helping to educate consumers (and hopefully a few realtors as well!). Your site is much appreciated.April 7, 2006 at 8:08 AM #24061privatebankerParticipant
Thank you for your thoughtful reports on this feeding frenzy of a real estate market. I’ve shared many of your insights with clients and colleagues and all were truly amazed. You have opened many eyes and have probably saved many people from financial ruin as a result.
I look forward to learning more of your discoveries.
The Private BankerApril 7, 2006 at 8:49 AM #24064sdduuuudeParticipant
You can add me to the list of people who are wealthier because of this site. I sold a property in August of 2005, which appears to be the peak month in my zip code. I was $300/month short on rent in vs. owning costs out. I was gonna hold until I read this site.
For those of you new to this site, you might consider it a “housing bubble” site. Well, it isn’t. It is a “housing analysis” site. Rich speaks objectively with data, which make the site great.
It just so happens the data today indicates we are in a bubble.
I fully expect to be reading this site a few years down the road when the data shows a different story and Rich is the only one saying to “buy” when everyone else is scared to. I’ll have my down payments ready.
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