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NotCranky
ParticipantI mispoke,again, Im my last post. My annectdotal studies indicate that the median would be around 240K today if we were to reach the approximate affordability of the last trough. Who knows what it will actually be when we hit the next trough?
ParticipantFSD,If we follow your exponential chart the next peak will be infinity? We don’t reach anything like comparable to historical affordability unless the median shoots about 3 feet below 6% line…or, if that is the inflation adjusted scenario take cover.
ParticipantFSD,If we follow your exponential chart the next peak will be infinity? We don’t reach anything like comparable to historical affordability unless the median shoots about 3 feet below 6% line…or, if that is the inflation adjusted scenario take cover.
ParticipantDrunkle,
Don’t knock Ethiopia!I once won a body building contest there! Only one I ever won. Good thing Fat-lazy union didn’t show up!Sorry Hi-jacking threads again …excuse me..I’ll be going now.
Your joke is funny BTW. Poor people though.
ParticipantDrunkle,
Don’t knock Ethiopia!I once won a body building contest there! Only one I ever won. Good thing Fat-lazy union didn’t show up!Sorry Hi-jacking threads again …excuse me..I’ll be going now.
Your joke is funny BTW. Poor people though.
ParticipantWe have talked about affordabilty on this thread. Is there a chart here that Rich or someone else has made comparing affordability now to historical affordability. IMHO affordability is so far out of whack in SD compared to the last cycle that it has reached rediculous proportions. I did a annectdotal study yesterday and determined that the median would have to go back to around 240k to have the same affordability I experienced while home shopping in 1995,near trough in last cycle.Median for the year was $171,600.As always,only the rich and individuals from one or two specialties which are currently in demand have gotten richer, generally speaking.
ParticipantWe have talked about affordabilty on this thread. Is there a chart here that Rich or someone else has made comparing affordability now to historical affordability. IMHO affordability is so far out of whack in SD compared to the last cycle that it has reached rediculous proportions. I did a annectdotal study yesterday and determined that the median would have to go back to around 240k to have the same affordability I experienced while home shopping in 1995,near trough in last cycle.Median for the year was $171,600.As always,only the rich and individuals from one or two specialties which are currently in demand have gotten richer, generally speaking.
ParticipantAlex, invite him to the blog. LOL
ParticipantAlex, invite him to the blog. LOL
Participant“Is it a predictor of future housing prices? The graph that Rich posted shows Median going up but Case-Shiller going down.”
It shows what many people view as the most accurate accounting of the actual historical position and trend in housing prices.“So does it mean that the Case-Shiller index “unmasks” the median indicator and shows the real price decrease?”
It is not affected by the randomness in trends of house sales prices. It adjust for the actual composition the houses sold and other factors,I believe.
Participant“Is it a predictor of future housing prices? The graph that Rich posted shows Median going up but Case-Shiller going down.”
It shows what many people view as the most accurate accounting of the actual historical position and trend in housing prices.“So does it mean that the Case-Shiller index “unmasks” the median indicator and shows the real price decrease?”
It is not affected by the randomness in trends of house sales prices. It adjust for the actual composition the houses sold and other factors,I believe.
ParticipantIt would scare the heck out of me to have my house 25% or 50% paid off right now. I would not be able to sleep even though I have some considerable safety net. Other people are perfectly fine with it as they view the world differently. Some people prefer lack of debt over a combination of debt and investments other smart people love leverage and many people from both camps do fine, although, I bet more get screwed in the latter camp than the former.
Back to the topic. If Alex’s friend handles most of his business this way, which he probably does because he didn’t heloc out profits he is in the top percentage of his neighbors in the wisdom and finacial security factor. Lets hope he has a rainy day fund and it doesn’t rain beyond the norms too much.ParticipantIt would scare the heck out of me to have my house 25% or 50% paid off right now. I would not be able to sleep even though I have some considerable safety net. Other people are perfectly fine with it as they view the world differently. Some people prefer lack of debt over a combination of debt and investments other smart people love leverage and many people from both camps do fine, although, I bet more get screwed in the latter camp than the former.
Back to the topic. If Alex’s friend handles most of his business this way, which he probably does because he didn’t heloc out profits he is in the top percentage of his neighbors in the wisdom and finacial security factor. Lets hope he has a rainy day fund and it doesn’t rain beyond the norms too much.Participanthttp://tsc.kidsmusicweb.com/songs/kumbaya.html
I think I am going to cry and then make myself feel better with a nice snow cone!
Good Morning JG. I hope you have “brought Data.”:).
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