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patientrenter
ParticipantNonsense, NO-LA-SD-guy!
House prices (for most homes in nicer areas) are still way above their values at the last bottom of the RE cycle, in 1996. That’s true even after adjusting for inflation or wage growth. So there’s lots more room for downside movement, based on economics. But politics is what’s driving the selection of winners and losers now, not economics, so perhaps it’ all asset price reflation from now on. It’s certainly what the majority of voters want.
ParticipantNonsense, NO-LA-SD-guy!
House prices (for most homes in nicer areas) are still way above their values at the last bottom of the RE cycle, in 1996. That’s true even after adjusting for inflation or wage growth. So there’s lots more room for downside movement, based on economics. But politics is what’s driving the selection of winners and losers now, not economics, so perhaps it’ all asset price reflation from now on. It’s certainly what the majority of voters want.
ParticipantNonsense, NO-LA-SD-guy!
House prices (for most homes in nicer areas) are still way above their values at the last bottom of the RE cycle, in 1996. That’s true even after adjusting for inflation or wage growth. So there’s lots more room for downside movement, based on economics. But politics is what’s driving the selection of winners and losers now, not economics, so perhaps it’ all asset price reflation from now on. It’s certainly what the majority of voters want.
ParticipantThe population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
ParticipantThe population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
ParticipantThe population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
ParticipantThe population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
ParticipantThe population of Zimbabwe doubled from 1975 to 2005. I don’t think population growth translates automatically into higher home prices.
And CA being prosperous doesn’t mean that its house prices should appreciate at a faster rate than in less prosperous states. Did the ratio between CA household income and the nationwide average increase from 1975 to 2005? I don’t know, but that’s the statistic you’d need to look at.
ParticipantCalculated Risk just put this video clip from a 2006 SNL episode up on his website:
http://www.calculatedriskblog.com/2009/07/late-night-financial-advice.html
When I saw it, it reminded me of this post from chrisp. Enjoy!
ParticipantCalculated Risk just put this video clip from a 2006 SNL episode up on his website:
http://www.calculatedriskblog.com/2009/07/late-night-financial-advice.html
When I saw it, it reminded me of this post from chrisp. Enjoy!
ParticipantCalculated Risk just put this video clip from a 2006 SNL episode up on his website:
http://www.calculatedriskblog.com/2009/07/late-night-financial-advice.html
When I saw it, it reminded me of this post from chrisp. Enjoy!
ParticipantCalculated Risk just put this video clip from a 2006 SNL episode up on his website:
http://www.calculatedriskblog.com/2009/07/late-night-financial-advice.html
When I saw it, it reminded me of this post from chrisp. Enjoy!
ParticipantCalculated Risk just put this video clip from a 2006 SNL episode up on his website:
http://www.calculatedriskblog.com/2009/07/late-night-financial-advice.html
When I saw it, it reminded me of this post from chrisp. Enjoy!
Participant“The question is how much longer the banksters will be allowed to get away with it.”
Congress makes the laws. How long will they let the current economic madness continue? Ask Barney Frank, or Chris Dodd, or Chuck Schumer. They are the ones making sure it continues.
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