- This topic has 225 replies, 27 voices, and was last updated 16 years, 2 months ago by
masayako.
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February 24, 2008 at 2:29 PM #159454February 24, 2008 at 4:27 PM #159100
pencilneck
ParticipantThis may be too obvious to even state but … remember inflation. We’ve already seen a 20% reduction in many areas during a year with an official inflation rate of 4.2%. And there are many critical of the official rate of inflation and say that inflation is much higher that the officially recorded number.
When adjusted for inflation a decline of 70% in many markets doesn’t seem at all improbable.
February 24, 2008 at 4:27 PM #159395ParticipantThis may be too obvious to even state but … remember inflation. We’ve already seen a 20% reduction in many areas during a year with an official inflation rate of 4.2%. And there are many critical of the official rate of inflation and say that inflation is much higher that the officially recorded number.
When adjusted for inflation a decline of 70% in many markets doesn’t seem at all improbable.
February 24, 2008 at 4:27 PM #159407ParticipantThis may be too obvious to even state but … remember inflation. We’ve already seen a 20% reduction in many areas during a year with an official inflation rate of 4.2%. And there are many critical of the official rate of inflation and say that inflation is much higher that the officially recorded number.
When adjusted for inflation a decline of 70% in many markets doesn’t seem at all improbable.
February 24, 2008 at 4:27 PM #159413ParticipantThis may be too obvious to even state but … remember inflation. We’ve already seen a 20% reduction in many areas during a year with an official inflation rate of 4.2%. And there are many critical of the official rate of inflation and say that inflation is much higher that the officially recorded number.
When adjusted for inflation a decline of 70% in many markets doesn’t seem at all improbable.
February 24, 2008 at 4:27 PM #159490ParticipantThis may be too obvious to even state but … remember inflation. We’ve already seen a 20% reduction in many areas during a year with an official inflation rate of 4.2%. And there are many critical of the official rate of inflation and say that inflation is much higher that the officially recorded number.
When adjusted for inflation a decline of 70% in many markets doesn’t seem at all improbable.
February 24, 2008 at 5:24 PM #159120stansd
Participantpencilneck:
Wholeheartedly agree, but 70% on a nominal basis is crazy. I don’t think folks here are thinking real when they post their numbers.
Stan
February 24, 2008 at 5:24 PM #159415Participantpencilneck:
Wholeheartedly agree, but 70% on a nominal basis is crazy. I don’t think folks here are thinking real when they post their numbers.
Stan
February 24, 2008 at 5:24 PM #159427Participantpencilneck:
Wholeheartedly agree, but 70% on a nominal basis is crazy. I don’t think folks here are thinking real when they post their numbers.
Stan
February 24, 2008 at 5:24 PM #159433Participantpencilneck:
Wholeheartedly agree, but 70% on a nominal basis is crazy. I don’t think folks here are thinking real when they post their numbers.
Stan
February 24, 2008 at 5:24 PM #159508Participantpencilneck:
Wholeheartedly agree, but 70% on a nominal basis is crazy. I don’t think folks here are thinking real when they post their numbers.
Stan
February 24, 2008 at 5:35 PM #159130kewp
ParticipantStan,
Roll the entire boom back to lowest point of the previous bust. Add a *ton* of inventory on top of that. Mix with high unemployment.
Thats why we think prices are going to overshoot on the way down.
I mean, when a towns economy can support a hundred families and there are two hundred homes, whats that going to do the cost of a house? Supply far, far exceeds demand.
February 24, 2008 at 5:35 PM #159425ParticipantStan,
Roll the entire boom back to lowest point of the previous bust. Add a *ton* of inventory on top of that. Mix with high unemployment.
Thats why we think prices are going to overshoot on the way down.
I mean, when a towns economy can support a hundred families and there are two hundred homes, whats that going to do the cost of a house? Supply far, far exceeds demand.
February 24, 2008 at 5:35 PM #159438ParticipantStan,
Roll the entire boom back to lowest point of the previous bust. Add a *ton* of inventory on top of that. Mix with high unemployment.
Thats why we think prices are going to overshoot on the way down.
I mean, when a towns economy can support a hundred families and there are two hundred homes, whats that going to do the cost of a house? Supply far, far exceeds demand.
February 24, 2008 at 5:35 PM #159442ParticipantStan,
Roll the entire boom back to lowest point of the previous bust. Add a *ton* of inventory on top of that. Mix with high unemployment.
Thats why we think prices are going to overshoot on the way down.
I mean, when a towns economy can support a hundred families and there are two hundred homes, whats that going to do the cost of a house? Supply far, far exceeds demand.
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