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what_a_disasta
Participantdon’t worry, w-a-d, we will eventually find a property in this neighborhood that sells for less than the previous purchase price.
11294 is the one this thread was about if you read the first post. It’s the one that is going to net the owners the 115k loss. No further searching required. I had no idea there were half a dozen identikit homes for sale on the same street.
what_a_disasta
Participantdon’t worry, w-a-d, we will eventually find a property in this neighborhood that sells for less than the previous purchase price.
11294 is the one this thread was about if you read the first post. It’s the one that is going to net the owners the 115k loss. No further searching required. I had no idea there were half a dozen identikit homes for sale on the same street.
what_a_disasta
Participantand 11224, they are the same ugly 2k ish 4 bedroom model I think.
what_a_disasta
Participantand 11224, they are the same ugly 2k ish 4 bedroom model I think.
what_a_disasta
Participantwhat about 11294 on the same street?
what_a_disasta
Participantwhat about 11294 on the same street?
what_a_disasta
Participantlol. We used them and they did exactly what they said. They sold our house for 1% sellers side and 2.5 on the buyers. It was a pretty no frills experience, but the house sold, what else do you need?
what_a_disasta
Participantlol. We used them and they did exactly what they said. They sold our house for 1% sellers side and 2.5 on the buyers. It was a pretty no frills experience, but the house sold, what else do you need?
what_a_disasta
ParticipantAgreed! I was just yanking your chain.
what_a_disasta
ParticipantAgreed! I was just yanking your chain.
June 23, 2007 at 7:00 PM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61650what_a_disasta
ParticipantHouses that sell are currently priced at around ’04 levels in a lot of places. There has been 3 years of inflation eroding the value of the dollar. So you’d need a 9.3% bounce just to get back to real 2004 prices in 2007 dollars. By Fall of ’08 assuming things go sideways till then we would need 12.5% etc etc
Maybe thats how it will turn out. Prices slowly eroded by inflation slowly until they are back at long term average? Might be a really long wait though if that is the case. If prices are about 100% over the long term avg then 2004 prices won’t be corrected by inflation alone until 2027.
June 23, 2007 at 7:00 PM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61689what_a_disasta
ParticipantHouses that sell are currently priced at around ’04 levels in a lot of places. There has been 3 years of inflation eroding the value of the dollar. So you’d need a 9.3% bounce just to get back to real 2004 prices in 2007 dollars. By Fall of ’08 assuming things go sideways till then we would need 12.5% etc etc
Maybe thats how it will turn out. Prices slowly eroded by inflation slowly until they are back at long term average? Might be a really long wait though if that is the case. If prices are about 100% over the long term avg then 2004 prices won’t be corrected by inflation alone until 2027.
what_a_disasta
ParticipantYesterday’s market gave us a second Hindenburg Omen sighting…and today’s activity in the market may give us yet a third zeppelin sighting. This now confirms the probability of a major decline in the next 120 days. The probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen within the next 41 days after its occurrence is 77%, the probability of a panic sellout is 41% and the probability of a real big stock market crash is 25%. (Source: Wikepedia.com)
The occurrence of a confirmed Hindenburg Omen does not necessarily mean that the stock market will go down. On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.
what_a_disasta
ParticipantYesterday’s market gave us a second Hindenburg Omen sighting…and today’s activity in the market may give us yet a third zeppelin sighting. This now confirms the probability of a major decline in the next 120 days. The probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen within the next 41 days after its occurrence is 77%, the probability of a panic sellout is 41% and the probability of a real big stock market crash is 25%. (Source: Wikepedia.com)
The occurrence of a confirmed Hindenburg Omen does not necessarily mean that the stock market will go down. On the other hand there has never been a significant stock market decline in history, that was not preceded by a confirmed Hindenburg Omen.
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