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Daniel
ParticipantJosh,
Be careful with what comes out of those calculations. It may be worse than meaningless. First off, 1997 prices were so depressed in SoCal, we may not see those prices (adjusted for inflation) ever again. Don’t think 1997 was “fair”. 1997 was “dirt cheap”. Second, long term house prices don’t quite track headline inflation data (government or otherwise). They track the shelter component of the CPI, which, depending on location, could be way off the headline CPI number. After all, housing and rental prices in San Diego and Buffalo were not that much different 50 years ago, but they are now. That’s 50 years of different inflation rates between these two cities. Using US headline CPI for either case would be meaningless.
ParticipantJosh,
Be careful with what comes out of those calculations. It may be worse than meaningless. First off, 1997 prices were so depressed in SoCal, we may not see those prices (adjusted for inflation) ever again. Don’t think 1997 was “fair”. 1997 was “dirt cheap”. Second, long term house prices don’t quite track headline inflation data (government or otherwise). They track the shelter component of the CPI, which, depending on location, could be way off the headline CPI number. After all, housing and rental prices in San Diego and Buffalo were not that much different 50 years ago, but they are now. That’s 50 years of different inflation rates between these two cities. Using US headline CPI for either case would be meaningless.
ParticipantJosh,
Be careful with what comes out of those calculations. It may be worse than meaningless. First off, 1997 prices were so depressed in SoCal, we may not see those prices (adjusted for inflation) ever again. Don’t think 1997 was “fair”. 1997 was “dirt cheap”. Second, long term house prices don’t quite track headline inflation data (government or otherwise). They track the shelter component of the CPI, which, depending on location, could be way off the headline CPI number. After all, housing and rental prices in San Diego and Buffalo were not that much different 50 years ago, but they are now. That’s 50 years of different inflation rates between these two cities. Using US headline CPI for either case would be meaningless.
ParticipantWow! I mean, wow! Hats off to you, my friend!
First, congratulations for finding the site with all the sales data in nice text format. I didn’t even know such a thing existed outside the MLS (well, Zillow has that, too, but can’t be accessed by a script because of those smarty pants codes buried in images).
And, second, for putting together a program to analyze the data. I’m assuming that it’s not THE Case-Shiller algorithm, as that must be proprietary stuff, but you should be pretty close if you follow their general prescription.
ParticipantWow! I mean, wow! Hats off to you, my friend!
First, congratulations for finding the site with all the sales data in nice text format. I didn’t even know such a thing existed outside the MLS (well, Zillow has that, too, but can’t be accessed by a script because of those smarty pants codes buried in images).
And, second, for putting together a program to analyze the data. I’m assuming that it’s not THE Case-Shiller algorithm, as that must be proprietary stuff, but you should be pretty close if you follow their general prescription.
ParticipantWow! I mean, wow! Hats off to you, my friend!
First, congratulations for finding the site with all the sales data in nice text format. I didn’t even know such a thing existed outside the MLS (well, Zillow has that, too, but can’t be accessed by a script because of those smarty pants codes buried in images).
And, second, for putting together a program to analyze the data. I’m assuming that it’s not THE Case-Shiller algorithm, as that must be proprietary stuff, but you should be pretty close if you follow their general prescription.
ParticipantWow! I mean, wow! Hats off to you, my friend!
First, congratulations for finding the site with all the sales data in nice text format. I didn’t even know such a thing existed outside the MLS (well, Zillow has that, too, but can’t be accessed by a script because of those smarty pants codes buried in images).
And, second, for putting together a program to analyze the data. I’m assuming that it’s not THE Case-Shiller algorithm, as that must be proprietary stuff, but you should be pretty close if you follow their general prescription.
ParticipantWow! I mean, wow! Hats off to you, my friend!
First, congratulations for finding the site with all the sales data in nice text format. I didn’t even know such a thing existed outside the MLS (well, Zillow has that, too, but can’t be accessed by a script because of those smarty pants codes buried in images).
And, second, for putting together a program to analyze the data. I’m assuming that it’s not THE Case-Shiller algorithm, as that must be proprietary stuff, but you should be pretty close if you follow their general prescription.
ParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
ParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
ParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
ParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
ParticipantHi folks,
Tanta at Calculated Risk has written no less than 3 very long and informative posts on this issue over the past couple of days. Highly recommended reading for anyone who wants to know how these things work. If you don’t care that much about technicalities, and only want to know the conclusion, here it is: this case is not such a big deal, and it’s been blown out of proportion by some uninformed blog writer, duly followed by the NYT. It’s simply a case of Deutsche Bank mishandling some paperwork. The lawsuit was dismissed “without prejudice”, which means DB can re-file when they get their paperwork sorted out (which they undoubtely will). End of story.
ParticipantSorry, I see Ray pretty much covered it all. Ray, you type damn fast 🙂
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