[what_a_disasta]

If you add 6% a year to homes that were bought in 1998 @ 300k they wouldn’t have reached today’s 700k levels till 2013. If prices drop 20% between now and 2009 then they will be just about in balance. That seems like quite a likely scenario.

(adding 6% a year)
$300,000.00 1998
$318,000.00 1999
$337,080.00 2000
$357,304.80 2001
$378,743.09 2002
$401,467.67 2003
$425,555.73 2004
$451,089.08 2005
$478,154.42 2006
$506,843.69 2007
$537,254.31 2008
$569,489.57 2009
$603,658.94 2010
$639,878.48 2011
$678,271.19 2012
$718,967.46 2013

[what_a_disasta]

don’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]

don’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]

and 11224, they are the same ugly 2k ish 4 bedroom model I think.

[what_a_disasta]

and 11224, they are the same ugly 2k ish 4 bedroom model I think.

[what_a_disasta]

what about 11294 on the same street?

[what_a_disasta]

what about 11294 on the same street?

[what_a_disasta]

lol. 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]

lol. 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]

Agreed! I was just yanking your chain.

[what_a_disasta]

Agreed! I was just yanking your chain.

[what_a_disasta]

Houses 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]

Houses 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]

Yesterday’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]

Yesterday’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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