The Ongoing Case-Shiller Fallacy/Shadow Inventory

[LuckyInOC]

[quote=sdrealtor]Others including myself are saying the worst is past. That the market is being successfully manipulated and while there is no turn around in sight there is no disaster ahead either. No one is arguing that the obvious isnt happening. The powers that be are trying to spread the pain and let time minimize the fall coupled with modest inflation. Rational thinking says it wont work but the reality is that it has been working. It wont stop and they will find new creative ways to continue doing so. The powers that be are winning and you just cant admit that.[/quote]

sdr, I too have a problem when it comes to say the worst is past. When I look at the FDIC numbers for banks and find that in the last 6 months the Nonaccrual status has increased 40%:

6/30/09 Nonaccrual Status: $83.5 Billion
3/31/09 Nonaccrual Status: $78.3 Billion
12/31/08 Nonaccrual Status: $59.6 Billion
12/31/07 Nonaccrual Status: $37.5 Billion
12/31/06 Nonaccrual Status: $15.0 Billion
…
12/31/02 Nonaccrual Status: $10.2 Billion

and has yet to stop increasing.

Nonaccrual — For purposes of this schedule, an asset is to be reported as being in nonaccrual status if:
(1) it is maintained on a cash basis because of deterioration in the financial condition of the borrower,
(2) payment in full of principal or interest is not expected, or (3) principal or interest has been in default for a period of 90 days or more unless the asset is both well secured and in the process of
collection.

Source: http://www.fdic.gov/regulations/resources/call/crinst/897rc-n.pdf

Also, Non-current loans have almost doubled in the last 6 months and over 5x since 2006.

Non-current Loans to Loans:
As of 6/30/09: 5.52%
As of 3/31/09: 4.95%
As of 12/31/08: 3.85%
As of 12/31/07: 1.82%
As of 12/31/06: 0.91%
…
As of 12/31/02: 0.84%

http://piggington.com/shadow_sales

I don’t see from these numbers that the manipulation of the banks and housing market is working. I personally cannot see how things can stay the same or get better.

[quote=sdrealtor]That the market is being successfully manipulated and while there is no turn around in sight there is no disaster ahead either.[/quote]
And the Titanic can successfully maneuver around or collide into icebergs… “See, we hit that iceberg and nothing happened, the Titanic is indestructible…” Everything must be just fine…

Maybe there is the ‘Invisible Hand of God’…

I don’t know if it is urban legend, but I have always heard from the older generation “more people got hurt on the second lesser market drop than the first greater drop…”. Several thought the worst was over.

Luck In OC

[Rt.66]

LuckyInOC Thanks for posting those numbers!

Numbers like those are what guide my opinion on the market, not a fanatical bear outlook, as some would have the forum believe. It’s nice to see data. Some on this forum seem to think data and facts indicate a losing argument (I disagree) others like to ignore and pooh-pooh the data and fail to provide any of their own, just opinions (which are like something else we all have).

Isn’t it funny, the arguments. The data screams “watch out below” the numbers on every level are too ugly to comprehend so the Bulls gotta pull out “data and rationale = wrong, anyone not buying my ”bottom is in” call is an fanatic irrational Uber-Bear, and I know someone who did/is doing this or that, one of my neighbors blah blah, blah.

Can’t wait to see how they discount your data.

For the RealtyTrac haters I offered up a new data source called RealQuest : (I’m not married to RealtyTrac (that’s dumb), just data.)

• Used by 9 of the top 10 lending institutions
• Updated daily
• County records direct from the source

http://www.realquestinvestor.com/rq/default.aspx#

What sort of response do we get:

1) Thanks for new data source…… debate on actual data ensues.

Or……

2) Just ignore it and keep beating the worn out drum my speculation or “expert” (TIC) opinion, or what I’m seeing on the streets, I’m making a killing, etc. outweighs silly data..

TG, I never brought Temecula data into this. I’ve been posting on SD; your example is Temecula and is another argument. Only the most undesirable areas of SD have seen TV kind of drops. Do you believe the realtor and agree there will be no next leg down for SD?

Hey SDrealtor why do you have a RealtyTrac account if you don’t trust their numbers?

[Rt.66]

LuckyInOC Thanks for posting those numbers!

Numbers like those are what guide my opinion on the market, not a fanatical bear outlook, as some would have the forum believe. It’s nice to see data. Some on this forum seem to think data and facts indicate a losing argument (I disagree) others like to ignore and pooh-pooh the data and fail to provide any of their own, just opinions (which are like something else we all have).

Isn’t it funny, the arguments. The data screams “watch out below” the numbers on every level are too ugly to comprehend so the Bulls gotta pull out “data and rationale = wrong, anyone not buying my ”bottom is in” call is an fanatic irrational Uber-Bear, and I know someone who did/is doing this or that, one of my neighbors blah blah, blah.

Can’t wait to see how they discount your data.

For the RealtyTrac haters I offered up a new data source called RealQuest : (I’m not married to RealtyTrac (that’s dumb), just data.)

• Used by 9 of the top 10 lending institutions
• Updated daily
• County records direct from the source

http://www.realquestinvestor.com/rq/default.aspx#

What sort of response do we get:

1) Thanks for new data source…… debate on actual data ensues.

Or……

2) Just ignore it and keep beating the worn out drum my speculation or “expert” (TIC) opinion, or what I’m seeing on the streets, I’m making a killing, etc. outweighs silly data..

TG, I never brought Temecula data into this. I’ve been posting on SD; your example is Temecula and is another argument. Only the most undesirable areas of SD have seen TV kind of drops. Do you believe the realtor and agree there will be no next leg down for SD?

Hey SDrealtor why do you have a RealtyTrac account if you don’t trust their numbers?

[Rt.66]

LuckyInOC Thanks for posting those numbers!

Numbers like those are what guide my opinion on the market, not a fanatical bear outlook, as some would have the forum believe. It’s nice to see data. Some on this forum seem to think data and facts indicate a losing argument (I disagree) others like to ignore and pooh-pooh the data and fail to provide any of their own, just opinions (which are like something else we all have).

Isn’t it funny, the arguments. The data screams “watch out below” the numbers on every level are too ugly to comprehend so the Bulls gotta pull out “data and rationale = wrong, anyone not buying my ”bottom is in” call is an fanatic irrational Uber-Bear, and I know someone who did/is doing this or that, one of my neighbors blah blah, blah.

Can’t wait to see how they discount your data.

For the RealtyTrac haters I offered up a new data source called RealQuest : (I’m not married to RealtyTrac (that’s dumb), just data.)

• Used by 9 of the top 10 lending institutions
• Updated daily
• County records direct from the source

http://www.realquestinvestor.com/rq/default.aspx#

What sort of response do we get:

1) Thanks for new data source…… debate on actual data ensues.

Or……

2) Just ignore it and keep beating the worn out drum my speculation or “expert” (TIC) opinion, or what I’m seeing on the streets, I’m making a killing, etc. outweighs silly data..

TG, I never brought Temecula data into this. I’ve been posting on SD; your example is Temecula and is another argument. Only the most undesirable areas of SD have seen TV kind of drops. Do you believe the realtor and agree there will be no next leg down for SD?

Hey SDrealtor why do you have a RealtyTrac account if you don’t trust their numbers?

[Rt.66]

LuckyInOC Thanks for posting those numbers!

Numbers like those are what guide my opinion on the market, not a fanatical bear outlook, as some would have the forum believe. It’s nice to see data. Some on this forum seem to think data and facts indicate a losing argument (I disagree) others like to ignore and pooh-pooh the data and fail to provide any of their own, just opinions (which are like something else we all have).

Isn’t it funny, the arguments. The data screams “watch out below” the numbers on every level are too ugly to comprehend so the Bulls gotta pull out “data and rationale = wrong, anyone not buying my ”bottom is in” call is an fanatic irrational Uber-Bear, and I know someone who did/is doing this or that, one of my neighbors blah blah, blah.

Can’t wait to see how they discount your data.

For the RealtyTrac haters I offered up a new data source called RealQuest : (I’m not married to RealtyTrac (that’s dumb), just data.)

• Used by 9 of the top 10 lending institutions
• Updated daily
• County records direct from the source

http://www.realquestinvestor.com/rq/default.aspx#

What sort of response do we get:

1) Thanks for new data source…… debate on actual data ensues.

Or……

2) Just ignore it and keep beating the worn out drum my speculation or “expert” (TIC) opinion, or what I’m seeing on the streets, I’m making a killing, etc. outweighs silly data..

TG, I never brought Temecula data into this. I’ve been posting on SD; your example is Temecula and is another argument. Only the most undesirable areas of SD have seen TV kind of drops. Do you believe the realtor and agree there will be no next leg down for SD?

Hey SDrealtor why do you have a RealtyTrac account if you don’t trust their numbers?

[Rt.66]

LuckyInOC Thanks for posting those numbers!

Numbers like those are what guide my opinion on the market, not a fanatical bear outlook, as some would have the forum believe. It’s nice to see data. Some on this forum seem to think data and facts indicate a losing argument (I disagree) others like to ignore and pooh-pooh the data and fail to provide any of their own, just opinions (which are like something else we all have).

Isn’t it funny, the arguments. The data screams “watch out below” the numbers on every level are too ugly to comprehend so the Bulls gotta pull out “data and rationale = wrong, anyone not buying my ”bottom is in” call is an fanatic irrational Uber-Bear, and I know someone who did/is doing this or that, one of my neighbors blah blah, blah.

Can’t wait to see how they discount your data.

For the RealtyTrac haters I offered up a new data source called RealQuest : (I’m not married to RealtyTrac (that’s dumb), just data.)

• Used by 9 of the top 10 lending institutions
• Updated daily
• County records direct from the source

http://www.realquestinvestor.com/rq/default.aspx#

What sort of response do we get:

1) Thanks for new data source…… debate on actual data ensues.

Or……

2) Just ignore it and keep beating the worn out drum my speculation or “expert” (TIC) opinion, or what I’m seeing on the streets, I’m making a killing, etc. outweighs silly data..

TG, I never brought Temecula data into this. I’ve been posting on SD; your example is Temecula and is another argument. Only the most undesirable areas of SD have seen TV kind of drops. Do you believe the realtor and agree there will be no next leg down for SD?

Hey SDrealtor why do you have a RealtyTrac account if you don’t trust their numbers?

[sdrealtor]

Just got back from a weekend trip. A couple quick points:

1. Nice to see some heated RE talk again. It was getting boring around here and I felt the need to stir things up a bit.

2. I dont know I became labeled a bull. I am firmly in the bear camp and believe that there will be another leg down in many parts of SD. I dont nor have I ever seen a overall generalizable bottom along the coast until 2012 at the earliest.

3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.

4. I have checked numerous sites and have not found a good one. One of my first posts on this site was warning about the problems and intracies involved with every single data point anyone uses out there. MLS data is dependednt upon what the Realtor enters and is frequently flawed. Properties in the foreclosure process are missing critical details (loan mod?, short sale in process?, lender not moving forward on process). Its all crap. The best source of information for any sub market is a Realtor who has their feet on the street and can interpret the numerous sources out there. Admittedly very few are capable of doing this well.

5. Whatever the market does, there are always opportunities to beat it. One Pigg Poster/Client just closed on a house for $550K with me that appraised over $1.1M at the peak. If the worst isnt over (i..e there is another decline coming of more than 550K, that house wouldnt be free at the botom you would actually get paid about $100K to take it. The house he bought could not be built if you bought raw land for what he paid.

6. RT 66 the problem with what you do is what a similar exiled poster used to do around here. Post links and news articles supporting what you want to beleive without having a real understanding of how the RE market actually operates on the street level. Trust me when I say it’s the Wild West out here. The most ironic thing is that person became a realtor and now has a front row seat. She now routinely admits that she was wrong about alot of things.

Much of the ugliness in the number is already factored into pricing right now. Some markets are back to fundamentals and some have a ways to go. Blanket “watch out below” statements are for losers. Winners create their own opportunities.

[sdrealtor]

Just got back from a weekend trip. A couple quick points:

1. Nice to see some heated RE talk again. It was getting boring around here and I felt the need to stir things up a bit.

2. I dont know I became labeled a bull. I am firmly in the bear camp and believe that there will be another leg down in many parts of SD. I dont nor have I ever seen a overall generalizable bottom along the coast until 2012 at the earliest.

3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.

4. I have checked numerous sites and have not found a good one. One of my first posts on this site was warning about the problems and intracies involved with every single data point anyone uses out there. MLS data is dependednt upon what the Realtor enters and is frequently flawed. Properties in the foreclosure process are missing critical details (loan mod?, short sale in process?, lender not moving forward on process). Its all crap. The best source of information for any sub market is a Realtor who has their feet on the street and can interpret the numerous sources out there. Admittedly very few are capable of doing this well.

5. Whatever the market does, there are always opportunities to beat it. One Pigg Poster/Client just closed on a house for $550K with me that appraised over $1.1M at the peak. If the worst isnt over (i..e there is another decline coming of more than 550K, that house wouldnt be free at the botom you would actually get paid about $100K to take it. The house he bought could not be built if you bought raw land for what he paid.

6. RT 66 the problem with what you do is what a similar exiled poster used to do around here. Post links and news articles supporting what you want to beleive without having a real understanding of how the RE market actually operates on the street level. Trust me when I say it’s the Wild West out here. The most ironic thing is that person became a realtor and now has a front row seat. She now routinely admits that she was wrong about alot of things.

Much of the ugliness in the number is already factored into pricing right now. Some markets are back to fundamentals and some have a ways to go. Blanket “watch out below” statements are for losers. Winners create their own opportunities.

[sdrealtor]

Just got back from a weekend trip. A couple quick points:

1. Nice to see some heated RE talk again. It was getting boring around here and I felt the need to stir things up a bit.

2. I dont know I became labeled a bull. I am firmly in the bear camp and believe that there will be another leg down in many parts of SD. I dont nor have I ever seen a overall generalizable bottom along the coast until 2012 at the earliest.

3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.

4. I have checked numerous sites and have not found a good one. One of my first posts on this site was warning about the problems and intracies involved with every single data point anyone uses out there. MLS data is dependednt upon what the Realtor enters and is frequently flawed. Properties in the foreclosure process are missing critical details (loan mod?, short sale in process?, lender not moving forward on process). Its all crap. The best source of information for any sub market is a Realtor who has their feet on the street and can interpret the numerous sources out there. Admittedly very few are capable of doing this well.

5. Whatever the market does, there are always opportunities to beat it. One Pigg Poster/Client just closed on a house for $550K with me that appraised over $1.1M at the peak. If the worst isnt over (i..e there is another decline coming of more than 550K, that house wouldnt be free at the botom you would actually get paid about $100K to take it. The house he bought could not be built if you bought raw land for what he paid.

6. RT 66 the problem with what you do is what a similar exiled poster used to do around here. Post links and news articles supporting what you want to beleive without having a real understanding of how the RE market actually operates on the street level. Trust me when I say it’s the Wild West out here. The most ironic thing is that person became a realtor and now has a front row seat. She now routinely admits that she was wrong about alot of things.

Much of the ugliness in the number is already factored into pricing right now. Some markets are back to fundamentals and some have a ways to go. Blanket “watch out below” statements are for losers. Winners create their own opportunities.

[sdrealtor]

Just got back from a weekend trip. A couple quick points:

1. Nice to see some heated RE talk again. It was getting boring around here and I felt the need to stir things up a bit.

2. I dont know I became labeled a bull. I am firmly in the bear camp and believe that there will be another leg down in many parts of SD. I dont nor have I ever seen a overall generalizable bottom along the coast until 2012 at the earliest.

3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.

4. I have checked numerous sites and have not found a good one. One of my first posts on this site was warning about the problems and intracies involved with every single data point anyone uses out there. MLS data is dependednt upon what the Realtor enters and is frequently flawed. Properties in the foreclosure process are missing critical details (loan mod?, short sale in process?, lender not moving forward on process). Its all crap. The best source of information for any sub market is a Realtor who has their feet on the street and can interpret the numerous sources out there. Admittedly very few are capable of doing this well.

5. Whatever the market does, there are always opportunities to beat it. One Pigg Poster/Client just closed on a house for $550K with me that appraised over $1.1M at the peak. If the worst isnt over (i..e there is another decline coming of more than 550K, that house wouldnt be free at the botom you would actually get paid about $100K to take it. The house he bought could not be built if you bought raw land for what he paid.

6. RT 66 the problem with what you do is what a similar exiled poster used to do around here. Post links and news articles supporting what you want to beleive without having a real understanding of how the RE market actually operates on the street level. Trust me when I say it’s the Wild West out here. The most ironic thing is that person became a realtor and now has a front row seat. She now routinely admits that she was wrong about alot of things.

Much of the ugliness in the number is already factored into pricing right now. Some markets are back to fundamentals and some have a ways to go. Blanket “watch out below” statements are for losers. Winners create their own opportunities.

[sdrealtor]

Just got back from a weekend trip. A couple quick points:

1. Nice to see some heated RE talk again. It was getting boring around here and I felt the need to stir things up a bit.

2. I dont know I became labeled a bull. I am firmly in the bear camp and believe that there will be another leg down in many parts of SD. I dont nor have I ever seen a overall generalizable bottom along the coast until 2012 at the earliest.

3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.

4. I have checked numerous sites and have not found a good one. One of my first posts on this site was warning about the problems and intracies involved with every single data point anyone uses out there. MLS data is dependednt upon what the Realtor enters and is frequently flawed. Properties in the foreclosure process are missing critical details (loan mod?, short sale in process?, lender not moving forward on process). Its all crap. The best source of information for any sub market is a Realtor who has their feet on the street and can interpret the numerous sources out there. Admittedly very few are capable of doing this well.

5. Whatever the market does, there are always opportunities to beat it. One Pigg Poster/Client just closed on a house for $550K with me that appraised over $1.1M at the peak. If the worst isnt over (i..e there is another decline coming of more than 550K, that house wouldnt be free at the botom you would actually get paid about $100K to take it. The house he bought could not be built if you bought raw land for what he paid.

6. RT 66 the problem with what you do is what a similar exiled poster used to do around here. Post links and news articles supporting what you want to beleive without having a real understanding of how the RE market actually operates on the street level. Trust me when I say it’s the Wild West out here. The most ironic thing is that person became a realtor and now has a front row seat. She now routinely admits that she was wrong about alot of things.

Much of the ugliness in the number is already factored into pricing right now. Some markets are back to fundamentals and some have a ways to go. Blanket “watch out below” statements are for losers. Winners create their own opportunities.

[Rt.66]

[quote=sdrealtor]
2. I dont know I became labeled a bull. [/quote]

Because we can read your comments.

[quote=sdrealtor] 3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.[/quote]

If you do not have an account how did you get the street addresses of the properties in your “I can identify the properties I referenced”? example?

Without an account RT only gives street name, city and zip. Without an account you don’t have an exact address, parcel number or anything else needed to make a positive ID. Do you think maybe the ones listed in RT may be other than the ones in your “on the street” analysis?

The houses you reference could easily be different distressed properties and the ones in your reference might actually not be on RT at all. At the very least you can’t say without a doubt that your examples may be the “crap” and “POS”.

Maybe someone actaully standing up to your outragious statements lead you to do the unthinkable and provide false examples? Oohhhh a realtor lying about RE, what has the world come to? For shame 🙂 I wonder how long it will take you to think of a response that explains away your deception.

Still ignoring RealQuest’s numbers I see.

[quote=sdrealtor] 6. RT 66 the problem with what you do is what a similar exiled poster used to do around here.
[/quote]

“similar exiled poster” What are you talking about “similar exiled”? Dude you flatter yourself, I bet there are just as many who’d like to see your “making a killing” ass exiled. I’ve had people threaten that BS on this forum before when they get backed into a corner and exposed, yet I’m still here 🙂

You talk out of both sides of your mouth and now have the cajones to claim a realtor is the best source of information. That’s outrageous. I guess a used car salesman is the best source of info on buying cars?

Data and rationale = wrong, realtors best source of info (near zero training, experience, knowledge required), man you are a piece of work.

[Rt.66]

[quote=sdrealtor]
2. I dont know I became labeled a bull. [/quote]

Because we can read your comments.

[quote=sdrealtor] 3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.[/quote]

If you do not have an account how did you get the street addresses of the properties in your “I can identify the properties I referenced”? example?

Without an account RT only gives street name, city and zip. Without an account you don’t have an exact address, parcel number or anything else needed to make a positive ID. Do you think maybe the ones listed in RT may be other than the ones in your “on the street” analysis?

The houses you reference could easily be different distressed properties and the ones in your reference might actually not be on RT at all. At the very least you can’t say without a doubt that your examples may be the “crap” and “POS”.

Maybe someone actaully standing up to your outragious statements lead you to do the unthinkable and provide false examples? Oohhhh a realtor lying about RE, what has the world come to? For shame 🙂 I wonder how long it will take you to think of a response that explains away your deception.

Still ignoring RealQuest’s numbers I see.

[quote=sdrealtor] 6. RT 66 the problem with what you do is what a similar exiled poster used to do around here.
[/quote]

“similar exiled poster” What are you talking about “similar exiled”? Dude you flatter yourself, I bet there are just as many who’d like to see your “making a killing” ass exiled. I’ve had people threaten that BS on this forum before when they get backed into a corner and exposed, yet I’m still here 🙂

You talk out of both sides of your mouth and now have the cajones to claim a realtor is the best source of information. That’s outrageous. I guess a used car salesman is the best source of info on buying cars?

Data and rationale = wrong, realtors best source of info (near zero training, experience, knowledge required), man you are a piece of work.

[Rt.66]

[quote=sdrealtor]
2. I dont know I became labeled a bull. [/quote]

Because we can read your comments.

[quote=sdrealtor] 3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.[/quote]

If you do not have an account how did you get the street addresses of the properties in your “I can identify the properties I referenced”? example?

Without an account RT only gives street name, city and zip. Without an account you don’t have an exact address, parcel number or anything else needed to make a positive ID. Do you think maybe the ones listed in RT may be other than the ones in your “on the street” analysis?

The houses you reference could easily be different distressed properties and the ones in your reference might actually not be on RT at all. At the very least you can’t say without a doubt that your examples may be the “crap” and “POS”.

Maybe someone actaully standing up to your outragious statements lead you to do the unthinkable and provide false examples? Oohhhh a realtor lying about RE, what has the world come to? For shame 🙂 I wonder how long it will take you to think of a response that explains away your deception.

Still ignoring RealQuest’s numbers I see.

[quote=sdrealtor] 6. RT 66 the problem with what you do is what a similar exiled poster used to do around here.
[/quote]

“similar exiled poster” What are you talking about “similar exiled”? Dude you flatter yourself, I bet there are just as many who’d like to see your “making a killing” ass exiled. I’ve had people threaten that BS on this forum before when they get backed into a corner and exposed, yet I’m still here 🙂

You talk out of both sides of your mouth and now have the cajones to claim a realtor is the best source of information. That’s outrageous. I guess a used car salesman is the best source of info on buying cars?

Data and rationale = wrong, realtors best source of info (near zero training, experience, knowledge required), man you are a piece of work.

[Rt.66]

[quote=sdrealtor]
2. I dont know I became labeled a bull. [/quote]

Because we can read your comments.

[quote=sdrealtor] 3. I dont not have RealtyTrac account. I can go on for free and with my MLS tools and local knowledge, I can identify the properties I referenced. RealtyTrac is a POS.[/quote]

If you do not have an account how did you get the street addresses of the properties in your “I can identify the properties I referenced”? example?

Without an account RT only gives street name, city and zip. Without an account you don’t have an exact address, parcel number or anything else needed to make a positive ID. Do you think maybe the ones listed in RT may be other than the ones in your “on the street” analysis?

The houses you reference could easily be different distressed properties and the ones in your reference might actually not be on RT at all. At the very least you can’t say without a doubt that your examples may be the “crap” and “POS”.

Maybe someone actaully standing up to your outragious statements lead you to do the unthinkable and provide false examples? Oohhhh a realtor lying about RE, what has the world come to? For shame 🙂 I wonder how long it will take you to think of a response that explains away your deception.

Still ignoring RealQuest’s numbers I see.

[quote=sdrealtor] 6. RT 66 the problem with what you do is what a similar exiled poster used to do around here.
[/quote]

“similar exiled poster” What are you talking about “similar exiled”? Dude you flatter yourself, I bet there are just as many who’d like to see your “making a killing” ass exiled. I’ve had people threaten that BS on this forum before when they get backed into a corner and exposed, yet I’m still here 🙂

You talk out of both sides of your mouth and now have the cajones to claim a realtor is the best source of information. That’s outrageous. I guess a used car salesman is the best source of info on buying cars?

Data and rationale = wrong, realtors best source of info (near zero training, experience, knowledge required), man you are a piece of work.

[Author]

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