[cr]

Still waiting to hear the results of the meeting, but with the 3.9% GROWTH last quarter, stocks relatively stable in the last few weeks (up today), oil at $94/barrel, the dollar at the lowest point in years, and unemployment still relatively low how can they justify the need for a cut now? If anything, doesn’t this qualify as a reason to raise rates and pull the dollar out of the toilet?

Does the FED care more about the value of the dollar or the investors on wall street?

[cr]

Still waiting to hear the results of the meeting, but with the 3.9% GROWTH last quarter, stocks relatively stable in the last few weeks (up today), oil at $94/barrel, the dollar at the lowest point in years, and unemployment still relatively low how can they justify the need for a cut now? If anything, doesn’t this qualify as a reason to raise rates and pull the dollar out of the toilet?

Does the FED care more about the value of the dollar or the investors on wall street?

[cr]

Still waiting to hear the results of the meeting, but with the 3.9% GROWTH last quarter, stocks relatively stable in the last few weeks (up today), oil at $94/barrel, the dollar at the lowest point in years, and unemployment still relatively low how can they justify the need for a cut now? If anything, doesn’t this qualify as a reason to raise rates and pull the dollar out of the toilet?

Does the FED care more about the value of the dollar or the investors on wall street?

[cr]

“San Diego was down 1.28% and LA was down 1.06% for the month. YOY, San Diego is down 8.32%, while LA is down 5.75%.”

You’re right I did, and your post today had the same numbers as I came up with. Nearly 6% in 1 year, the first year of declines in LA. With the amount foreclosures showing up and loans sitll to reset I expect to surpass that.

[cr]

“San Diego was down 1.28% and LA was down 1.06% for the month. YOY, San Diego is down 8.32%, while LA is down 5.75%.”

You’re right I did, and your post today had the same numbers as I came up with. Nearly 6% in 1 year, the first year of declines in LA. With the amount foreclosures showing up and loans sitll to reset I expect to surpass that.

[cr]

“San Diego was down 1.28% and LA was down 1.06% for the month. YOY, San Diego is down 8.32%, while LA is down 5.75%.”

You’re right I did, and your post today had the same numbers as I came up with. Nearly 6% in 1 year, the first year of declines in LA. With the amount foreclosures showing up and loans sitll to reset I expect to surpass that.

[cr]

brian_in_la-

You had “LA, +.1% from august, +7.1% YOY.”

Correct me if I’m wrong but I calculate a 1.062% decrease in price for LA from July 2007 (260.84) to August (258.07).

For YOY (September 2006 to August 2007) a 5.973% decrease. Ratios of 273.94 and 258.07 respectively. 11 consecutive months of price drops since October ’06 for LA.

I’m noticing more and more foreclosures all the time. I hope and expect the rate of price drops to accelerate through the slow season and continue for several years, but I too wish it would happen faster. Though relatively, 5/9% decline YOY is pretty significant considering real estate prices “never go down.”

[cr]

brian_in_la-

You had “LA, +.1% from august, +7.1% YOY.”

Correct me if I’m wrong but I calculate a 1.062% decrease in price for LA from July 2007 (260.84) to August (258.07).

For YOY (September 2006 to August 2007) a 5.973% decrease. Ratios of 273.94 and 258.07 respectively. 11 consecutive months of price drops since October ’06 for LA.

I’m noticing more and more foreclosures all the time. I hope and expect the rate of price drops to accelerate through the slow season and continue for several years, but I too wish it would happen faster. Though relatively, 5/9% decline YOY is pretty significant considering real estate prices “never go down.”

[cr]

brian_in_la-

You had “LA, +.1% from august, +7.1% YOY.”

Correct me if I’m wrong but I calculate a 1.062% decrease in price for LA from July 2007 (260.84) to August (258.07).

For YOY (September 2006 to August 2007) a 5.973% decrease. Ratios of 273.94 and 258.07 respectively. 11 consecutive months of price drops since October ’06 for LA.

I’m noticing more and more foreclosures all the time. I hope and expect the rate of price drops to accelerate through the slow season and continue for several years, but I too wish it would happen faster. Though relatively, 5/9% decline YOY is pretty significant considering real estate prices “never go down.”

[cr]

kev-
The last 2 major up and down cycles went down just about as long as they went up.

I find it comical that the billion dollar financial giant corporations are now coming out and saying what “doomsdayers” have been saying for 3 years, and only after they show a year over year decline.

[cr]

kev-
The last 2 major up and down cycles went down just about as long as they went up.

I find it comical that the billion dollar financial giant corporations are now coming out and saying what “doomsdayers” have been saying for 3 years, and only after they show a year over year decline.

[cr]

kev-
The last 2 major up and down cycles went down just about as long as they went up.

I find it comical that the billion dollar financial giant corporations are now coming out and saying what “doomsdayers” have been saying for 3 years, and only after they show a year over year decline.

[cr]

Houses are still too over-priced for this to be anything but a further delay of the inevitable.

[cr]

Houses are still too over-priced for this to be anything but a further delay of the inevitable.

[cr]

Houses are still too over-priced for this to be anything but a further delay of the inevitable.

[Author]

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