[sdduuuude]

I’m not saying there isn’t unmet demand, but I’m saying that there is unmet demand because there is not enough inventory at an appropriate price point to meet the demand today.

You can’t compare today’s sales to sales three years ago and say the delta constitutes viable buyers.

In fact, that sales are so low could suggest prices are too high and to get the sales back to where they were, the prices must give.

Regarding the 8 offers on 1 property … To me, that means there are 7 buyers who aren’t in the market at the current price, which of course, is the highest price. It shows interested buyers, but unless all those offers came in really close together, I’m not sure it constitutes it real “demand” at current prices. For all we know, one of them was Nor-LA and he only bid 400K.

Just sayin – more than one way to look at those numbers.

[sdduuuude]

I’m not saying there isn’t unmet demand, but I’m saying that there is unmet demand because there is not enough inventory at an appropriate price point to meet the demand today.

You can’t compare today’s sales to sales three years ago and say the delta constitutes viable buyers.

In fact, that sales are so low could suggest prices are too high and to get the sales back to where they were, the prices must give.

Regarding the 8 offers on 1 property … To me, that means there are 7 buyers who aren’t in the market at the current price, which of course, is the highest price. It shows interested buyers, but unless all those offers came in really close together, I’m not sure it constitutes it real “demand” at current prices. For all we know, one of them was Nor-LA and he only bid 400K.

Just sayin – more than one way to look at those numbers.

[sdduuuude]

I’m not saying there isn’t unmet demand, but I’m saying that there is unmet demand because there is not enough inventory at an appropriate price point to meet the demand today.

You can’t compare today’s sales to sales three years ago and say the delta constitutes viable buyers.

In fact, that sales are so low could suggest prices are too high and to get the sales back to where they were, the prices must give.

Regarding the 8 offers on 1 property … To me, that means there are 7 buyers who aren’t in the market at the current price, which of course, is the highest price. It shows interested buyers, but unless all those offers came in really close together, I’m not sure it constitutes it real “demand” at current prices. For all we know, one of them was Nor-LA and he only bid 400K.

Just sayin – more than one way to look at those numbers.

[sdduuuude]

I’m not saying there isn’t unmet demand, but I’m saying that there is unmet demand because there is not enough inventory at an appropriate price point to meet the demand today.

You can’t compare today’s sales to sales three years ago and say the delta constitutes viable buyers.

In fact, that sales are so low could suggest prices are too high and to get the sales back to where they were, the prices must give.

Regarding the 8 offers on 1 property … To me, that means there are 7 buyers who aren’t in the market at the current price, which of course, is the highest price. It shows interested buyers, but unless all those offers came in really close together, I’m not sure it constitutes it real “demand” at current prices. For all we know, one of them was Nor-LA and he only bid 400K.

Just sayin – more than one way to look at those numbers.

[sdduuuude]

Not sure I buy the part about “because sales are down 770 units per year, there is unmet demand.”

Maybe demand has permanently shifted down (along with inventory).

I think it is fair to say the first downturn didn’t hit that market very hard, but I’m not sure it is wise to believe that round 2 will miss it again.

[sdduuuude]

Not sure I buy the part about “because sales are down 770 units per year, there is unmet demand.”

Maybe demand has permanently shifted down (along with inventory).

I think it is fair to say the first downturn didn’t hit that market very hard, but I’m not sure it is wise to believe that round 2 will miss it again.

[sdduuuude]

Not sure I buy the part about “because sales are down 770 units per year, there is unmet demand.”

Maybe demand has permanently shifted down (along with inventory).

I think it is fair to say the first downturn didn’t hit that market very hard, but I’m not sure it is wise to believe that round 2 will miss it again.

[sdduuuude]

Not sure I buy the part about “because sales are down 770 units per year, there is unmet demand.”

Maybe demand has permanently shifted down (along with inventory).

I think it is fair to say the first downturn didn’t hit that market very hard, but I’m not sure it is wise to believe that round 2 will miss it again.

[sdduuuude]

Not sure I buy the part about “because sales are down 770 units per year, there is unmet demand.”

Maybe demand has permanently shifted down (along with inventory).

I think it is fair to say the first downturn didn’t hit that market very hard, but I’m not sure it is wise to believe that round 2 will miss it again.

[sdduuuude]

For the best music, go to Pandora.com. Pay the yearly fee (35 bucks or so) and you’ll have no commercials. No Halloran needed. You are your own DJ – sort, of.

There is some good database technology there that chooses the music based on songs you choose as seeds. It’s pretty nifty.

I haven’t listened to a radio staion in several months, since signing on to Pandora.

[sdduuuude]

For the best music, go to Pandora.com. Pay the yearly fee (35 bucks or so) and you’ll have no commercials. No Halloran needed. You are your own DJ – sort, of.

There is some good database technology there that chooses the music based on songs you choose as seeds. It’s pretty nifty.

I haven’t listened to a radio staion in several months, since signing on to Pandora.

[sdduuuude]

For the best music, go to Pandora.com. Pay the yearly fee (35 bucks or so) and you’ll have no commercials. No Halloran needed. You are your own DJ – sort, of.

There is some good database technology there that chooses the music based on songs you choose as seeds. It’s pretty nifty.

I haven’t listened to a radio staion in several months, since signing on to Pandora.

[sdduuuude]

For the best music, go to Pandora.com. Pay the yearly fee (35 bucks or so) and you’ll have no commercials. No Halloran needed. You are your own DJ – sort, of.

There is some good database technology there that chooses the music based on songs you choose as seeds. It’s pretty nifty.

I haven’t listened to a radio staion in several months, since signing on to Pandora.

[sdduuuude]

For the best music, go to Pandora.com. Pay the yearly fee (35 bucks or so) and you’ll have no commercials. No Halloran needed. You are your own DJ – sort, of.

There is some good database technology there that chooses the music based on songs you choose as seeds. It’s pretty nifty.

I haven’t listened to a radio staion in several months, since signing on to Pandora.

[sdduuuude]

I can’t say I’m a fan of using the fact that “bubbles revert to pre-bubble levels” as a justification for any predictions.

That is because “pre-bubble levels” is not really known until the bubble has stopped deflating.

Of course bubbles revert to pre-bubble levels becase those levels are defined by the end of the bubble. They are not, however, known in mid-bubble.

Yes, we revert to the mean, but the mean also reverts to the current trend, by definition, although slowly.

The question still remains – to what level are we reverting and none of these charts really shed any light on that.

I’m with davelj re: being sure about anything.

I think housing is stable this year, with minor pain at the high end, then bad next year.

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