The Ongoing Case-Shiller Fallacy/Shadow Inventory

[Rt.66]

[quote=sdrealtor]All are not bad for RE values. Limited supply creates stability and or upward pressure. We have limited supply. The shadow inventory is actually a fraction of what the most bearish (like yourself) beleive. The short sale epidemic is not growing but is rather becoming more orderly and predictable. The looming Option ARM issue is a complete unknown and will likely be addressed in some shape or form (forbearances, loan mods etc.). The worst has come and gone already. [/quote]

[quote=sdrealtor]“ absolutely beleive there is a 2nd leg down coming. I expect my house to decline 15 to 20% from where it is now.” [/quote]

From the other thread today…….

[quote=sdrealtor]“ NLSG,
I agree with your premise. I think it will be on a smaller scale and spread out over a few years. I have always beleived the next leg down will be 2 to 3 years of 5 to 10% declines. I dont see 50% declines around me at least on a large scale. [/quote]

2 to 3 years of 5 to 10% declines equals 10% to 30%. So by your estimations your $550k sale may be now looking at a $165k loss instead of $110k? You do know this is real money to the people you sell houses to?

Just trying to keep up with the flips and flops. LOL

Beleive??? You should have taken at least one spelling course along your lauded educational history.

I never said I only have a HS diploma education. I do not need to make pathetic qualifications to support my points.

[jpinpb]

[quote=desmond]SDR has morphed into:

http://www.youtube.com/watch?v=xf69EEL3WBk

[/quote]
That was hilarious.

[jpinpb]

[quote=desmond]SDR has morphed into:

http://www.youtube.com/watch?v=xf69EEL3WBk

[/quote]
That was hilarious.

[jpinpb]

[quote=desmond]SDR has morphed into:

http://www.youtube.com/watch?v=xf69EEL3WBk

[/quote]
That was hilarious.

[jpinpb]

[quote=desmond]SDR has morphed into:

http://www.youtube.com/watch?v=xf69EEL3WBk

[/quote]
That was hilarious.

[jpinpb]

[quote=desmond]SDR has morphed into:

http://www.youtube.com/watch?v=xf69EEL3WBk

[/quote]
That was hilarious.

[scaredyclassic]

it is difficult for me to trust a realtor. in general. im like a guy who went thru a horrid divorce and thinks all women are bad. realtors make money off housing transactions. they cannot take a moratorium even if they knew 100% the market were going down, hard. ya gotta sell houses. no breaks. that’s cool, that’s life. no hard feelings. just don’t trust realtor’s opinions generally, in the sense that they really know anything, or that if they did, they couldbe completely honest with themselves otr others. I remember this loan broker telling me post-crash that he was happy becaus ehe’d never put anyone into a bad loan. i felt like laughing at him but he was serious. crazy, the stories we tell ourselves to remain sane. that doesn’t mean a realtor cannot tell thetruth, or is tellingt he truth. just that, well, im wary. scared. kinda edgy. feel liek im beng hoodwinked. maybe. maybe not. im tender. hurt. afraid.

[scaredyclassic]

it is difficult for me to trust a realtor. in general. im like a guy who went thru a horrid divorce and thinks all women are bad. realtors make money off housing transactions. they cannot take a moratorium even if they knew 100% the market were going down, hard. ya gotta sell houses. no breaks. that’s cool, that’s life. no hard feelings. just don’t trust realtor’s opinions generally, in the sense that they really know anything, or that if they did, they couldbe completely honest with themselves otr others. I remember this loan broker telling me post-crash that he was happy becaus ehe’d never put anyone into a bad loan. i felt like laughing at him but he was serious. crazy, the stories we tell ourselves to remain sane. that doesn’t mean a realtor cannot tell thetruth, or is tellingt he truth. just that, well, im wary. scared. kinda edgy. feel liek im beng hoodwinked. maybe. maybe not. im tender. hurt. afraid.

[scaredyclassic]

it is difficult for me to trust a realtor. in general. im like a guy who went thru a horrid divorce and thinks all women are bad. realtors make money off housing transactions. they cannot take a moratorium even if they knew 100% the market were going down, hard. ya gotta sell houses. no breaks. that’s cool, that’s life. no hard feelings. just don’t trust realtor’s opinions generally, in the sense that they really know anything, or that if they did, they couldbe completely honest with themselves otr others. I remember this loan broker telling me post-crash that he was happy becaus ehe’d never put anyone into a bad loan. i felt like laughing at him but he was serious. crazy, the stories we tell ourselves to remain sane. that doesn’t mean a realtor cannot tell thetruth, or is tellingt he truth. just that, well, im wary. scared. kinda edgy. feel liek im beng hoodwinked. maybe. maybe not. im tender. hurt. afraid.

[scaredyclassic]

it is difficult for me to trust a realtor. in general. im like a guy who went thru a horrid divorce and thinks all women are bad. realtors make money off housing transactions. they cannot take a moratorium even if they knew 100% the market were going down, hard. ya gotta sell houses. no breaks. that’s cool, that’s life. no hard feelings. just don’t trust realtor’s opinions generally, in the sense that they really know anything, or that if they did, they couldbe completely honest with themselves otr others. I remember this loan broker telling me post-crash that he was happy becaus ehe’d never put anyone into a bad loan. i felt like laughing at him but he was serious. crazy, the stories we tell ourselves to remain sane. that doesn’t mean a realtor cannot tell thetruth, or is tellingt he truth. just that, well, im wary. scared. kinda edgy. feel liek im beng hoodwinked. maybe. maybe not. im tender. hurt. afraid.

[scaredyclassic]

it is difficult for me to trust a realtor. in general. im like a guy who went thru a horrid divorce and thinks all women are bad. realtors make money off housing transactions. they cannot take a moratorium even if they knew 100% the market were going down, hard. ya gotta sell houses. no breaks. that’s cool, that’s life. no hard feelings. just don’t trust realtor’s opinions generally, in the sense that they really know anything, or that if they did, they couldbe completely honest with themselves otr others. I remember this loan broker telling me post-crash that he was happy becaus ehe’d never put anyone into a bad loan. i felt like laughing at him but he was serious. crazy, the stories we tell ourselves to remain sane. that doesn’t mean a realtor cannot tell thetruth, or is tellingt he truth. just that, well, im wary. scared. kinda edgy. feel liek im beng hoodwinked. maybe. maybe not. im tender. hurt. afraid.

[sdcellar]

dudes, chill. sdrealtor is a solid guy and if one or two of you would take the time to really read and _understand_ what he posts, you could learn a lot. as he said, he doesn’t need anyone to defend him, but it’d be nice to see the personal attacks stop. piggington’s is a better forum with skilled, knowledgeable realtors on board. sure, realtors in general may have less than stellar reputation in the minds of more than a few people, but to discount all of them is simply foolish. nobody wants to be a fool, do they?

[sdcellar]

dudes, chill. sdrealtor is a solid guy and if one or two of you would take the time to really read and _understand_ what he posts, you could learn a lot. as he said, he doesn’t need anyone to defend him, but it’d be nice to see the personal attacks stop. piggington’s is a better forum with skilled, knowledgeable realtors on board. sure, realtors in general may have less than stellar reputation in the minds of more than a few people, but to discount all of them is simply foolish. nobody wants to be a fool, do they?

[sdcellar]

dudes, chill. sdrealtor is a solid guy and if one or two of you would take the time to really read and _understand_ what he posts, you could learn a lot. as he said, he doesn’t need anyone to defend him, but it’d be nice to see the personal attacks stop. piggington’s is a better forum with skilled, knowledgeable realtors on board. sure, realtors in general may have less than stellar reputation in the minds of more than a few people, but to discount all of them is simply foolish. nobody wants to be a fool, do they?

[sdcellar]

dudes, chill. sdrealtor is a solid guy and if one or two of you would take the time to really read and _understand_ what he posts, you could learn a lot. as he said, he doesn’t need anyone to defend him, but it’d be nice to see the personal attacks stop. piggington’s is a better forum with skilled, knowledgeable realtors on board. sure, realtors in general may have less than stellar reputation in the minds of more than a few people, but to discount all of them is simply foolish. nobody wants to be a fool, do they?

[Author]

Posts