Forum Replies Created
-
AuthorPosts
-
greekfire
ParticipantI think that it will be interesting to see how our country fares with the large number of baby boomers that will be retiring in the coming years.
[img_assist|nid=1498|title=|desc=|link=node|align=left|width=400|height=240]
ParticipantGreat post. Here's the actual article that hit the NY Times a few days ago.
I think this is the straw that broke the camel's back. I think there needs to be a call for sweeping reforms of standards within the real estate industry. From a standardized, publicly-available property listing service to generally accepted accounting practices when it comes to properly listing and recording the sale of a property. Propping up the price in this sneaky way will only serve to get us in more economic trouble in the long run. I hope the Fed, other key financial players, and we the people demand this change. It is frightening to know that the Fed is making huge financial decisions based on false property sale data.
Participant5-Year Commodities Chart
[img_assist|nid=1414|title=|desc=|link=node|align=left|width=400|height=272]
August 28, 2006 at 1:59 PM in reply to: “A History of Home Values” graph by Robert J. Schiller #33742ParticipantThanks for the graph. The question now is where will it go from here. I personally think we'll see something like that in #3. What do you all think?
[img_assist|nid=1401|title=|desc=|link=node|align=left|width=400|height=273]
ParticipantThe 2×4 and 2×6 refer to the type of wood used in the framing. A 2×4 is a 2″x4″ stud, and a 2″x6″ is a similar stud, only thicker. I think the 2×6 stud is preferred as it is thicker, provides more structural support, and allows for the inclusion of more insulation.
ParticipantI did a quick Google search for "economic reports" and found a good resource from Yahoo!
ParticipantPowayseller is the bear’s answer to the bullish propaganda that we’ve been inundated with for the past decade…our Great White Hope, if you will. She’s been doing it for only 6 months now, so she has some catching up to do.
ParticipantI think these numbers give a general indication of how quickly the products are moving off the shelves, if you want to look at it that way. If each piece of fruit or vegetable in the supermarket had this type of information on a sticker, wouldn’t that affect your decision to buy it? The “born-on” date for beer is another similar example. It’s there to show you how fresh the product is. Do you want to buy a stale item that many others have passed up on? Why did so many others pass up on it? If I decide to purchase it, are there any concessions that I can gain? On the sellers side, you know that others know your product is old and that many have passed up on it, therefore you might be more likely to agressively price it so that it sells. Now I see why this information isn’t readily available to many buyers.
Where can an average Joe like me get this information and is it free? I would like to make a map showing these figures.
ParticipantHey, you are on fire…
Pun intended?
A couple earning $60K/year ($5K/month x 12) back in 1997-98 would spend $1,100/month (22% of $5K) on just their mortgage. Fast forward to today and that same couple would now be spending $2,250/month (45% of $5K), an increase of $1,150/month! Where's that money going? Banks? Realtors? Contractors? Retail? Others? All of the above? It seems like this extra amount is what has kept our economy raging ahead for the past 7-10 years, and it seems to be predicated on a well-oiled production/consumption machine. The problem that we are seeing is that the machine is losing oil and is showing signs of malfunction.
ParticipantI personally think that actual sale prices are not the best indicator for a falling market. Although they are the most direct factor pointing to declining prices, they inherently lag behind other factors such as inventory and days on the market. They also do not provide a large enough sample set, in my opinion. Of course, there are inherent weaknesses in choosing the other indicators as well, but these weaknesses rest squarely on the shoulders of those in charge of the database listing services. It is worthwhile, then, to also look at the data pertaining to expired, cancelled, and withdrawn listings.
As strange as it may sound, the prices have already dropped 15-20% in the eyes of consumers. It just takes hard data and market forces to catch up to this perception.
ParticipantPerry, I have to point out the oximoron in your post. You mentioned that your child had to learn French and in the same breath you said that they needed to learn proper etiquette. Pick one of the other…you can’t have both. 🙂
ParticipantI would say that Roubini is of Arabian descent. George Bush could definitely take some pointers from him.
ParticipantFor someone who’s speaking English as a second language, he seemed to have a very good grasp of it. He came across as being highly articulate and I don’t recall him incorporating one “um” or “ah” in his responses (I may be wrong here), unlike the host. Not that those are entirely a bad thing, but they do foreshadow one’s ability to formulate thoughts and express them on the fly.
ParticipantPowayseller – I have also heard about properties west of I-5 being more of a premium. I think it is part perception, part reality, and part marketing hype.
-
AuthorPosts