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(former)FormerSanDiegan.
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May 11, 2011 at 10:52 PM #695910May 12, 2011 at 8:21 AM #694789
(former)FormerSanDiegan
Participant[quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.
Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]
I agree market forces and fundamentals will ultimately govern. Unfortunately, this article doesn;t look at those. They point to recent declines and near-term projhections based on price data, plus Zillow forecast speculation. I see nothing in the article or in Zillow’s methodlogy that relates price forecast to fundamentals.
May 12, 2011 at 8:21 AM #694875Participant[quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.
Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]
I agree market forces and fundamentals will ultimately govern. Unfortunately, this article doesn;t look at those. They point to recent declines and near-term projhections based on price data, plus Zillow forecast speculation. I see nothing in the article or in Zillow’s methodlogy that relates price forecast to fundamentals.
May 12, 2011 at 8:21 AM #695478Participant[quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.
Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]
I agree market forces and fundamentals will ultimately govern. Unfortunately, this article doesn;t look at those. They point to recent declines and near-term projhections based on price data, plus Zillow forecast speculation. I see nothing in the article or in Zillow’s methodlogy that relates price forecast to fundamentals.
May 12, 2011 at 8:21 AM #695625Participant[quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.
Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]
I agree market forces and fundamentals will ultimately govern. Unfortunately, this article doesn;t look at those. They point to recent declines and near-term projhections based on price data, plus Zillow forecast speculation. I see nothing in the article or in Zillow’s methodlogy that relates price forecast to fundamentals.
May 12, 2011 at 8:21 AM #695981Participant[quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.
Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]
I agree market forces and fundamentals will ultimately govern. Unfortunately, this article doesn;t look at those. They point to recent declines and near-term projhections based on price data, plus Zillow forecast speculation. I see nothing in the article or in Zillow’s methodlogy that relates price forecast to fundamentals.
May 13, 2011 at 8:21 AM #695107ParticipantI just noticed this:
“…it is unreasonable to expect home values to return to stability by the end of 2011,” said Zillow chief economist Stan Humphries in a statement.
Stan Humphries ????
Really ?
I still think the Chargers’ run to the Super Bowl in ’94-’95 behind his leadership at QB was on of the finest moments in SD sports history, but does that make him qualified to be an expert on home prices ?
[img_assist|nid=14957|title=Stan Humphries|desc=|link=node|align=left|width=120|height=168]
May 13, 2011 at 8:21 AM #695194ParticipantI just noticed this:
“…it is unreasonable to expect home values to return to stability by the end of 2011,” said Zillow chief economist Stan Humphries in a statement.
Stan Humphries ????
Really ?
I still think the Chargers’ run to the Super Bowl in ’94-’95 behind his leadership at QB was on of the finest moments in SD sports history, but does that make him qualified to be an expert on home prices ?
[img_assist|nid=14957|title=Stan Humphries|desc=|link=node|align=left|width=120|height=168]
May 13, 2011 at 8:21 AM #695796ParticipantI just noticed this:
“…it is unreasonable to expect home values to return to stability by the end of 2011,” said Zillow chief economist Stan Humphries in a statement.
Stan Humphries ????
Really ?
I still think the Chargers’ run to the Super Bowl in ’94-’95 behind his leadership at QB was on of the finest moments in SD sports history, but does that make him qualified to be an expert on home prices ?
[img_assist|nid=14957|title=Stan Humphries|desc=|link=node|align=left|width=120|height=168]
May 13, 2011 at 8:21 AM #695944ParticipantI just noticed this:
“…it is unreasonable to expect home values to return to stability by the end of 2011,” said Zillow chief economist Stan Humphries in a statement.
Stan Humphries ????
Really ?
I still think the Chargers’ run to the Super Bowl in ’94-’95 behind his leadership at QB was on of the finest moments in SD sports history, but does that make him qualified to be an expert on home prices ?
[img_assist|nid=14957|title=Stan Humphries|desc=|link=node|align=left|width=120|height=168]
May 13, 2011 at 8:21 AM #696298ParticipantI just noticed this:
“…it is unreasonable to expect home values to return to stability by the end of 2011,” said Zillow chief economist Stan Humphries in a statement.
Stan Humphries ????
Really ?
I still think the Chargers’ run to the Super Bowl in ’94-’95 behind his leadership at QB was on of the finest moments in SD sports history, but does that make him qualified to be an expert on home prices ?
[img_assist|nid=14957|title=Stan Humphries|desc=|link=node|align=left|width=120|height=168]
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