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(former)FormerSanDiegan
Participant[quote=tom]
now, comes the hard part.. actually manage to stop seeking out the info and “let it go” for the time being.[/quote]I have been trying to “let it go” since 1995. I think that tracking real estate as a future, past or current owner (or combinations thereof) is an incurable disease, which many of us suffer.
Participant[quote=davelj] But as we have seen over the last decade, prices can stay disconnected from values for very long periods of time.
[/quote]
Therein lies the rub.
Participant[quote=davelj] But as we have seen over the last decade, prices can stay disconnected from values for very long periods of time.
[/quote]
Therein lies the rub.
Participant[quote=davelj] But as we have seen over the last decade, prices can stay disconnected from values for very long periods of time.
[/quote]
Therein lies the rub.
Participant[quote=davelj] But as we have seen over the last decade, prices can stay disconnected from values for very long periods of time.
[/quote]
Therein lies the rub.
Participant[quote=davelj] But as we have seen over the last decade, prices can stay disconnected from values for very long periods of time.
[/quote]
Therein lies the rub.
Participant[quote=Russell]There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…
http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/%5B/quote%5D
Replacement cost is not truly meaningless as the OP states. Rather, it’s relative importance is rather negligible at this stage of the cycle. There will be a time where it is important.
A similar thing happened on the way up. From 2002-2005 the rent that could be obtained on a property did not matter in determining price. Currently, it does matter. As with all things fundamental, sometimes their influence on the market is ignored, but eventually they do matter.
Replacement cost is a fundamental measure and strongly influences production, as mentioned above.
Participant[quote=Russell]There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…
http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/%5B/quote%5D
Replacement cost is not truly meaningless as the OP states. Rather, it’s relative importance is rather negligible at this stage of the cycle. There will be a time where it is important.
A similar thing happened on the way up. From 2002-2005 the rent that could be obtained on a property did not matter in determining price. Currently, it does matter. As with all things fundamental, sometimes their influence on the market is ignored, but eventually they do matter.
Replacement cost is a fundamental measure and strongly influences production, as mentioned above.
Participant[quote=Russell]There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…
http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/%5B/quote%5D
Replacement cost is not truly meaningless as the OP states. Rather, it’s relative importance is rather negligible at this stage of the cycle. There will be a time where it is important.
A similar thing happened on the way up. From 2002-2005 the rent that could be obtained on a property did not matter in determining price. Currently, it does matter. As with all things fundamental, sometimes their influence on the market is ignored, but eventually they do matter.
Replacement cost is a fundamental measure and strongly influences production, as mentioned above.
Participant[quote=Russell]There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…
http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/%5B/quote%5D
Replacement cost is not truly meaningless as the OP states. Rather, it’s relative importance is rather negligible at this stage of the cycle. There will be a time where it is important.
A similar thing happened on the way up. From 2002-2005 the rent that could be obtained on a property did not matter in determining price. Currently, it does matter. As with all things fundamental, sometimes their influence on the market is ignored, but eventually they do matter.
Replacement cost is a fundamental measure and strongly influences production, as mentioned above.
Participant[quote=Russell]There is a twist on replacement cost in this article. Basically, don’t wait to buy until replacement cost influences the market instead of bubble and recession inventory…
http://housingdoom.com/2009/05/06/mike-folkerth-is-it-time-to-buy-real-estate/%5B/quote%5D
Replacement cost is not truly meaningless as the OP states. Rather, it’s relative importance is rather negligible at this stage of the cycle. There will be a time where it is important.
A similar thing happened on the way up. From 2002-2005 the rent that could be obtained on a property did not matter in determining price. Currently, it does matter. As with all things fundamental, sometimes their influence on the market is ignored, but eventually they do matter.
Replacement cost is a fundamental measure and strongly influences production, as mentioned above.
Participant[quote=flu]bump….
Are we still in a sucker’s rally?
[/quote]Probably, but timing a short position may be too difficult to gauge. See Chris Scoreboard’s take …
Participant[quote=flu]bump….
Are we still in a sucker’s rally?
[/quote]Probably, but timing a short position may be too difficult to gauge. See Chris Scoreboard’s take …
Participant[quote=flu]bump….
Are we still in a sucker’s rally?
[/quote]Probably, but timing a short position may be too difficult to gauge. See Chris Scoreboard’s take …
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