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XBoxBoy
Participant[quote=Russell]http://www.pourfolio.com/kitchen.html
I was down at this shop today buying some second hand equipment. The product certainly is nice for high end custom designs. Seem like really good people too.[/quote]
Looks like pourfolio.com is no longer in business. Least their site is no longer functioning.
XBoxBoy
Participant[quote=Russell]http://www.pourfolio.com/kitchen.html
I was down at this shop today buying some second hand equipment. The product certainly is nice for high end custom designs. Seem like really good people too.[/quote]
Looks like pourfolio.com is no longer in business. Least their site is no longer functioning.
March 2, 2010 at 1:26 PM in reply to: The Internet may not have had the impact we all thought it would on housing #519797XBoxBoy
Participant[quote=sdrealtor]What hit me was that the Internet brings a greater share of the demand to the forefront immediately after a home is listed. When a good property is listed at a fair price it gets slammed with interest and offers immediately. The price can get driven up a little because of the frenzy.[/quote]
I’m sure that you can find people who over bid due to the frenzy of an auction, but the basic supply vs demand equation doesn’t change due to this. For every house you find that sold quickly at an escalated price, there’s another one that languished and ended up being “stale” on the mls, and sold for a lower than expected price.
[quote=sdrealtor]Before the Internet the only frenzy was at new tracts with buyers camping out. It just seems to me that the benefits of the Internet to the seller could be are as strong or stronger than they are for buyers.[/quote]
What I’m missing from your argument is any supporting evidence, or even a credible theory as to why supply or demand would change due to the internet. Without a change in supply or demand I don’t see justification for arguing that the internet has caused price changes.
The internet definitely has caused changes in how we shop or sell, but I don’t see that as changing supply vs demand. Can you put forward an argument detailing how and why supply or demand has changed due to the internet in a meaningful way? (Other than the argument that people get caught up in the frenzy of a bidding situation)
XBoxBoy
March 2, 2010 at 1:26 PM in reply to: The Internet may not have had the impact we all thought it would on housing #519938XBoxBoy
Participant[quote=sdrealtor]What hit me was that the Internet brings a greater share of the demand to the forefront immediately after a home is listed. When a good property is listed at a fair price it gets slammed with interest and offers immediately. The price can get driven up a little because of the frenzy.[/quote]
I’m sure that you can find people who over bid due to the frenzy of an auction, but the basic supply vs demand equation doesn’t change due to this. For every house you find that sold quickly at an escalated price, there’s another one that languished and ended up being “stale” on the mls, and sold for a lower than expected price.
[quote=sdrealtor]Before the Internet the only frenzy was at new tracts with buyers camping out. It just seems to me that the benefits of the Internet to the seller could be are as strong or stronger than they are for buyers.[/quote]
What I’m missing from your argument is any supporting evidence, or even a credible theory as to why supply or demand would change due to the internet. Without a change in supply or demand I don’t see justification for arguing that the internet has caused price changes.
The internet definitely has caused changes in how we shop or sell, but I don’t see that as changing supply vs demand. Can you put forward an argument detailing how and why supply or demand has changed due to the internet in a meaningful way? (Other than the argument that people get caught up in the frenzy of a bidding situation)
XBoxBoy
March 2, 2010 at 1:26 PM in reply to: The Internet may not have had the impact we all thought it would on housing #520372XBoxBoy
Participant[quote=sdrealtor]What hit me was that the Internet brings a greater share of the demand to the forefront immediately after a home is listed. When a good property is listed at a fair price it gets slammed with interest and offers immediately. The price can get driven up a little because of the frenzy.[/quote]
I’m sure that you can find people who over bid due to the frenzy of an auction, but the basic supply vs demand equation doesn’t change due to this. For every house you find that sold quickly at an escalated price, there’s another one that languished and ended up being “stale” on the mls, and sold for a lower than expected price.
[quote=sdrealtor]Before the Internet the only frenzy was at new tracts with buyers camping out. It just seems to me that the benefits of the Internet to the seller could be are as strong or stronger than they are for buyers.[/quote]
What I’m missing from your argument is any supporting evidence, or even a credible theory as to why supply or demand would change due to the internet. Without a change in supply or demand I don’t see justification for arguing that the internet has caused price changes.
The internet definitely has caused changes in how we shop or sell, but I don’t see that as changing supply vs demand. Can you put forward an argument detailing how and why supply or demand has changed due to the internet in a meaningful way? (Other than the argument that people get caught up in the frenzy of a bidding situation)
XBoxBoy
March 2, 2010 at 1:26 PM in reply to: The Internet may not have had the impact we all thought it would on housing #520462XBoxBoy
Participant[quote=sdrealtor]What hit me was that the Internet brings a greater share of the demand to the forefront immediately after a home is listed. When a good property is listed at a fair price it gets slammed with interest and offers immediately. The price can get driven up a little because of the frenzy.[/quote]
I’m sure that you can find people who over bid due to the frenzy of an auction, but the basic supply vs demand equation doesn’t change due to this. For every house you find that sold quickly at an escalated price, there’s another one that languished and ended up being “stale” on the mls, and sold for a lower than expected price.
[quote=sdrealtor]Before the Internet the only frenzy was at new tracts with buyers camping out. It just seems to me that the benefits of the Internet to the seller could be are as strong or stronger than they are for buyers.[/quote]
What I’m missing from your argument is any supporting evidence, or even a credible theory as to why supply or demand would change due to the internet. Without a change in supply or demand I don’t see justification for arguing that the internet has caused price changes.
The internet definitely has caused changes in how we shop or sell, but I don’t see that as changing supply vs demand. Can you put forward an argument detailing how and why supply or demand has changed due to the internet in a meaningful way? (Other than the argument that people get caught up in the frenzy of a bidding situation)
XBoxBoy
March 2, 2010 at 1:26 PM in reply to: The Internet may not have had the impact we all thought it would on housing #520719XBoxBoy
Participant[quote=sdrealtor]What hit me was that the Internet brings a greater share of the demand to the forefront immediately after a home is listed. When a good property is listed at a fair price it gets slammed with interest and offers immediately. The price can get driven up a little because of the frenzy.[/quote]
I’m sure that you can find people who over bid due to the frenzy of an auction, but the basic supply vs demand equation doesn’t change due to this. For every house you find that sold quickly at an escalated price, there’s another one that languished and ended up being “stale” on the mls, and sold for a lower than expected price.
[quote=sdrealtor]Before the Internet the only frenzy was at new tracts with buyers camping out. It just seems to me that the benefits of the Internet to the seller could be are as strong or stronger than they are for buyers.[/quote]
What I’m missing from your argument is any supporting evidence, or even a credible theory as to why supply or demand would change due to the internet. Without a change in supply or demand I don’t see justification for arguing that the internet has caused price changes.
The internet definitely has caused changes in how we shop or sell, but I don’t see that as changing supply vs demand. Can you put forward an argument detailing how and why supply or demand has changed due to the internet in a meaningful way? (Other than the argument that people get caught up in the frenzy of a bidding situation)
XBoxBoy
March 2, 2010 at 8:59 AM in reply to: The Internet may not have had the impact we all thought it would on housing #519699XBoxBoy
Participant[quote=sdrealtor]There is a fairly widely held hypothesis that because we can find so much more information online about real estate that the market is more efficient and hence prices should be relatively lower now.[/quote]
I think this is a faulty hypothesis. This hypothesis assumes that benefits from a more efficient market will go to the buyer. I don’t see justification for that assumption.
Also consider, just what do you mean by more efficient? You still have a seller with a product, and a buyer with money, and a pair of realtors in the middle. Unless you take out the realtors, I’m not sure where there is more efficiency in the transaction. It’s true that you can find places or search the mls easier, but that is not the same thing as a more cost efficient transaction.
[quote=sdrealtor]AM I nuts to think that the Internet may have permanently increased fundamental prices levels. It has given sellers an advantage that did not exist a decade ago. I guess what I am asking is – “Is it different now?”[/quote]
Yes you are nuts. The internet has made information more readily available to all parties, both buyers and sellers, and so has given no advantage to any one group.
Is it different now? Not due to the internet. The strong prices you are seeing now are not the result of the internet but of government support. As long as the government is doing so much to increase demand and decrease supply, then yes it’s different.
March 2, 2010 at 8:59 AM in reply to: The Internet may not have had the impact we all thought it would on housing #519839XBoxBoy
Participant[quote=sdrealtor]There is a fairly widely held hypothesis that because we can find so much more information online about real estate that the market is more efficient and hence prices should be relatively lower now.[/quote]
I think this is a faulty hypothesis. This hypothesis assumes that benefits from a more efficient market will go to the buyer. I don’t see justification for that assumption.
Also consider, just what do you mean by more efficient? You still have a seller with a product, and a buyer with money, and a pair of realtors in the middle. Unless you take out the realtors, I’m not sure where there is more efficiency in the transaction. It’s true that you can find places or search the mls easier, but that is not the same thing as a more cost efficient transaction.
[quote=sdrealtor]AM I nuts to think that the Internet may have permanently increased fundamental prices levels. It has given sellers an advantage that did not exist a decade ago. I guess what I am asking is – “Is it different now?”[/quote]
Yes you are nuts. The internet has made information more readily available to all parties, both buyers and sellers, and so has given no advantage to any one group.
Is it different now? Not due to the internet. The strong prices you are seeing now are not the result of the internet but of government support. As long as the government is doing so much to increase demand and decrease supply, then yes it’s different.
March 2, 2010 at 8:59 AM in reply to: The Internet may not have had the impact we all thought it would on housing #520273XBoxBoy
Participant[quote=sdrealtor]There is a fairly widely held hypothesis that because we can find so much more information online about real estate that the market is more efficient and hence prices should be relatively lower now.[/quote]
I think this is a faulty hypothesis. This hypothesis assumes that benefits from a more efficient market will go to the buyer. I don’t see justification for that assumption.
Also consider, just what do you mean by more efficient? You still have a seller with a product, and a buyer with money, and a pair of realtors in the middle. Unless you take out the realtors, I’m not sure where there is more efficiency in the transaction. It’s true that you can find places or search the mls easier, but that is not the same thing as a more cost efficient transaction.
[quote=sdrealtor]AM I nuts to think that the Internet may have permanently increased fundamental prices levels. It has given sellers an advantage that did not exist a decade ago. I guess what I am asking is – “Is it different now?”[/quote]
Yes you are nuts. The internet has made information more readily available to all parties, both buyers and sellers, and so has given no advantage to any one group.
Is it different now? Not due to the internet. The strong prices you are seeing now are not the result of the internet but of government support. As long as the government is doing so much to increase demand and decrease supply, then yes it’s different.
March 2, 2010 at 8:59 AM in reply to: The Internet may not have had the impact we all thought it would on housing #520364XBoxBoy
Participant[quote=sdrealtor]There is a fairly widely held hypothesis that because we can find so much more information online about real estate that the market is more efficient and hence prices should be relatively lower now.[/quote]
I think this is a faulty hypothesis. This hypothesis assumes that benefits from a more efficient market will go to the buyer. I don’t see justification for that assumption.
Also consider, just what do you mean by more efficient? You still have a seller with a product, and a buyer with money, and a pair of realtors in the middle. Unless you take out the realtors, I’m not sure where there is more efficiency in the transaction. It’s true that you can find places or search the mls easier, but that is not the same thing as a more cost efficient transaction.
[quote=sdrealtor]AM I nuts to think that the Internet may have permanently increased fundamental prices levels. It has given sellers an advantage that did not exist a decade ago. I guess what I am asking is – “Is it different now?”[/quote]
Yes you are nuts. The internet has made information more readily available to all parties, both buyers and sellers, and so has given no advantage to any one group.
Is it different now? Not due to the internet. The strong prices you are seeing now are not the result of the internet but of government support. As long as the government is doing so much to increase demand and decrease supply, then yes it’s different.
March 2, 2010 at 8:59 AM in reply to: The Internet may not have had the impact we all thought it would on housing #520621XBoxBoy
Participant[quote=sdrealtor]There is a fairly widely held hypothesis that because we can find so much more information online about real estate that the market is more efficient and hence prices should be relatively lower now.[/quote]
I think this is a faulty hypothesis. This hypothesis assumes that benefits from a more efficient market will go to the buyer. I don’t see justification for that assumption.
Also consider, just what do you mean by more efficient? You still have a seller with a product, and a buyer with money, and a pair of realtors in the middle. Unless you take out the realtors, I’m not sure where there is more efficiency in the transaction. It’s true that you can find places or search the mls easier, but that is not the same thing as a more cost efficient transaction.
[quote=sdrealtor]AM I nuts to think that the Internet may have permanently increased fundamental prices levels. It has given sellers an advantage that did not exist a decade ago. I guess what I am asking is – “Is it different now?”[/quote]
Yes you are nuts. The internet has made information more readily available to all parties, both buyers and sellers, and so has given no advantage to any one group.
Is it different now? Not due to the internet. The strong prices you are seeing now are not the result of the internet but of government support. As long as the government is doing so much to increase demand and decrease supply, then yes it’s different.
XBoxBoy
ParticipantIf you bought 10yr’s at 3.5% and new issues were going for 4%, you would have to lower the price of your bonds to make them attractive to a potential buyer. (After all your notes are paying below going rate, thus less attractive)
The thing to keep in mind here is that the price of an existing bond goes down as interest rates go up, but if interest rates go down, the price of an existing bond goes up. Thus, interest rates and the price of the bond go in opposite directions.
The consequence of this, is that although the bond is insured by the govt, and the interest is guaranteed, the price you can sell the bond can fluctuate. And that fluctuation is inverse to the current interest rates.
Hope that helps,
XBoxBoy
XBoxBoy
ParticipantIf you bought 10yr’s at 3.5% and new issues were going for 4%, you would have to lower the price of your bonds to make them attractive to a potential buyer. (After all your notes are paying below going rate, thus less attractive)
The thing to keep in mind here is that the price of an existing bond goes down as interest rates go up, but if interest rates go down, the price of an existing bond goes up. Thus, interest rates and the price of the bond go in opposite directions.
The consequence of this, is that although the bond is insured by the govt, and the interest is guaranteed, the price you can sell the bond can fluctuate. And that fluctuation is inverse to the current interest rates.
Hope that helps,
XBoxBoy
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