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sdduuuude
ParticipantParticipantParticipantParticipantIf I could, I’d vote for Powell to stage a military coup and overthrow whatever socialist regime takes power in January.
ParticipantIf I could, I’d vote for Powell to stage a military coup and overthrow whatever socialist regime takes power in January.
ParticipantIf I could, I’d vote for Powell to stage a military coup and overthrow whatever socialist regime takes power in January.
ParticipantIf I could, I’d vote for Powell to stage a military coup and overthrow whatever socialist regime takes power in January.
ParticipantIf I could, I’d vote for Powell to stage a military coup and overthrow whatever socialist regime takes power in January.
October 16, 2008 at 2:46 PM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288213ParticipantI was predicting a SFR median price reduction of %25 – %30 some time in late 2005. We are already past that, and I believe we are entering the “holy shit” phase where the nicer ‘hoods take a dive.(Certainly, the credit and stock markets just went through their “holy shit” phase.)
So I guess I have to change my prediction of where the bottom will be, though not when.
Still looking to late 2011 on timing.
What may happen now is the vanilla median stops dropping as those houses priced near the current median start to stabilize and the pain train cruises into the higher end.
Analytically speaking, when houses that are priced higher or lower than the median have their price lowered but houses priced near the median don’t change, the median actually doesn’t change. We saw the median hold steady as the bottom end fell out of the market, then we saw the median really drop when houses priced around the medan lose their value. Next, the median will again stabilize though the pain is far from over. It’s a characteristic of the median.
Median price per sq. ft and Case-Shiller, though, will show the pain to some extent.
I feel like Japan 15 years ago. We may hit bottom in 2011 but we may not leave the bottom until 2017.
October 16, 2008 at 2:46 PM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288516ParticipantI was predicting a SFR median price reduction of %25 – %30 some time in late 2005. We are already past that, and I believe we are entering the “holy shit” phase where the nicer ‘hoods take a dive.(Certainly, the credit and stock markets just went through their “holy shit” phase.)
So I guess I have to change my prediction of where the bottom will be, though not when.
Still looking to late 2011 on timing.
What may happen now is the vanilla median stops dropping as those houses priced near the current median start to stabilize and the pain train cruises into the higher end.
Analytically speaking, when houses that are priced higher or lower than the median have their price lowered but houses priced near the median don’t change, the median actually doesn’t change. We saw the median hold steady as the bottom end fell out of the market, then we saw the median really drop when houses priced around the medan lose their value. Next, the median will again stabilize though the pain is far from over. It’s a characteristic of the median.
Median price per sq. ft and Case-Shiller, though, will show the pain to some extent.
I feel like Japan 15 years ago. We may hit bottom in 2011 but we may not leave the bottom until 2017.
October 16, 2008 at 2:46 PM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288530ParticipantI was predicting a SFR median price reduction of %25 – %30 some time in late 2005. We are already past that, and I believe we are entering the “holy shit” phase where the nicer ‘hoods take a dive.(Certainly, the credit and stock markets just went through their “holy shit” phase.)
So I guess I have to change my prediction of where the bottom will be, though not when.
Still looking to late 2011 on timing.
What may happen now is the vanilla median stops dropping as those houses priced near the current median start to stabilize and the pain train cruises into the higher end.
Analytically speaking, when houses that are priced higher or lower than the median have their price lowered but houses priced near the median don’t change, the median actually doesn’t change. We saw the median hold steady as the bottom end fell out of the market, then we saw the median really drop when houses priced around the medan lose their value. Next, the median will again stabilize though the pain is far from over. It’s a characteristic of the median.
Median price per sq. ft and Case-Shiller, though, will show the pain to some extent.
I feel like Japan 15 years ago. We may hit bottom in 2011 but we may not leave the bottom until 2017.
October 16, 2008 at 2:46 PM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288558ParticipantI was predicting a SFR median price reduction of %25 – %30 some time in late 2005. We are already past that, and I believe we are entering the “holy shit” phase where the nicer ‘hoods take a dive.(Certainly, the credit and stock markets just went through their “holy shit” phase.)
So I guess I have to change my prediction of where the bottom will be, though not when.
Still looking to late 2011 on timing.
What may happen now is the vanilla median stops dropping as those houses priced near the current median start to stabilize and the pain train cruises into the higher end.
Analytically speaking, when houses that are priced higher or lower than the median have their price lowered but houses priced near the median don’t change, the median actually doesn’t change. We saw the median hold steady as the bottom end fell out of the market, then we saw the median really drop when houses priced around the medan lose their value. Next, the median will again stabilize though the pain is far from over. It’s a characteristic of the median.
Median price per sq. ft and Case-Shiller, though, will show the pain to some extent.
I feel like Japan 15 years ago. We may hit bottom in 2011 but we may not leave the bottom until 2017.
October 16, 2008 at 2:46 PM in reply to: Anyone change their opinion as to what and when the bottom wil be? #288562ParticipantI was predicting a SFR median price reduction of %25 – %30 some time in late 2005. We are already past that, and I believe we are entering the “holy shit” phase where the nicer ‘hoods take a dive.(Certainly, the credit and stock markets just went through their “holy shit” phase.)
So I guess I have to change my prediction of where the bottom will be, though not when.
Still looking to late 2011 on timing.
What may happen now is the vanilla median stops dropping as those houses priced near the current median start to stabilize and the pain train cruises into the higher end.
Analytically speaking, when houses that are priced higher or lower than the median have their price lowered but houses priced near the median don’t change, the median actually doesn’t change. We saw the median hold steady as the bottom end fell out of the market, then we saw the median really drop when houses priced around the medan lose their value. Next, the median will again stabilize though the pain is far from over. It’s a characteristic of the median.
Median price per sq. ft and Case-Shiller, though, will show the pain to some extent.
I feel like Japan 15 years ago. We may hit bottom in 2011 but we may not leave the bottom until 2017.
ParticipantThis is a common government ploy.
Things plod along for a while, then someone implements a plan that is called “de-regulation” It isn’t really deregulation. It just involves a different kind of regulation than we used to have. But they call it deregulation.
Then it fails miserably, at which point the regulators (who are strangely still regulating even though we have been “deregulated”) demand that they get all their power back becase “deregulation” failed.
A prominent example of this was electrical utility “deregulation” in CA several years ago. They made a stupid plan, called it “deregulation,” watched it fail, then said “see deregulation doesn’t work.”
The Federal Reserve’s actions is another. Even though Clinton’s plan was called “deregulation” it wasn’t really deregulation because the FED still had the power to regulate rates, which means they have massive power. Now that this so called “deregulation” has failed, the FED is demanding more power, when in fact they are the cause of the problem if not the problem.
Those who say the free market has failed have been completely fooled. In fact, the free market is doing all it can to point out how bad of an idea the federal reserve banking system is. Problems is, nobody is noticing.
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