[robson]

There are WMDs in IRAQ! Sorry, i had to. I used to find it funny, but it has become increasingly sad that the most bipartisan issue in America today is hatred of the media. Every liberal considers it too conservative and vice versa. To me, that means it’s pretty well represented with subjective opinions all around.
Anyway, I’m curious whether you consider the lie to be that prices always rise, or that we are headed for a recession. Either way, I would attribute the proliferation of those stories to the fact that airing those topics gains the most viewers and thus, the most $. Kind of ironic that capitalism drives the media to air anti-capitalist sentiment.

[robson]

There are WMDs in IRAQ! Sorry, i had to. I used to find it funny, but it has become increasingly sad that the most bipartisan issue in America today is hatred of the media. Every liberal considers it too conservative and vice versa. To me, that means it’s pretty well represented with subjective opinions all around.
Anyway, I’m curious whether you consider the lie to be that prices always rise, or that we are headed for a recession. Either way, I would attribute the proliferation of those stories to the fact that airing those topics gains the most viewers and thus, the most $. Kind of ironic that capitalism drives the media to air anti-capitalist sentiment.

[robson]

There are WMDs in IRAQ! Sorry, i had to. I used to find it funny, but it has become increasingly sad that the most bipartisan issue in America today is hatred of the media. Every liberal considers it too conservative and vice versa. To me, that means it’s pretty well represented with subjective opinions all around.
Anyway, I’m curious whether you consider the lie to be that prices always rise, or that we are headed for a recession. Either way, I would attribute the proliferation of those stories to the fact that airing those topics gains the most viewers and thus, the most $. Kind of ironic that capitalism drives the media to air anti-capitalist sentiment.

[robson]

There are WMDs in IRAQ! Sorry, i had to. I used to find it funny, but it has become increasingly sad that the most bipartisan issue in America today is hatred of the media. Every liberal considers it too conservative and vice versa. To me, that means it’s pretty well represented with subjective opinions all around.
Anyway, I’m curious whether you consider the lie to be that prices always rise, or that we are headed for a recession. Either way, I would attribute the proliferation of those stories to the fact that airing those topics gains the most viewers and thus, the most $. Kind of ironic that capitalism drives the media to air anti-capitalist sentiment.

[robson]

There are WMDs in IRAQ! Sorry, i had to. I used to find it funny, but it has become increasingly sad that the most bipartisan issue in America today is hatred of the media. Every liberal considers it too conservative and vice versa. To me, that means it’s pretty well represented with subjective opinions all around.
Anyway, I’m curious whether you consider the lie to be that prices always rise, or that we are headed for a recession. Either way, I would attribute the proliferation of those stories to the fact that airing those topics gains the most viewers and thus, the most $. Kind of ironic that capitalism drives the media to air anti-capitalist sentiment.

[robson]

Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

[robson]

Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

[robson]

Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

[robson]

Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

[robson]

Your answer is found here http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=dropmap&series_id=CUURA424SA0,CUUSA424SA0
2002 the San Diego CPI was 198. Now it’s at least 234. This means a house worth $300,000 in 2002 (the April Median) should be worth 300,000*(234/198) or $354,500. The latest median per dataquick was 430,000 in December.

[robson]

Spell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.

[robson]

Spell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.

[robson]

Spell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.

[robson]

Spell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.

[robson]

Spell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.

[Author]

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