Posted on 09/13/2006 7:31:40 AM PDT by Hydroshock
Hydroshock has been banned or suspended. Wondered what happened.
“BTW, Doom and Gloom postings by Chicken Littles are up 275% on this forum.”
Looks like Chicken Little had more sense than his critics.
“Goldbugs, immune to logic and allergic to facts.”
Tex, it looks like we should have all taken Toddler’s advice and shorted gold and gone long housing. Lol.
I always said there would be a slowdown. It was the outlandish predictions of 40% decline in home prices, talks of 1929, etc., that I found obnoxious. So far we have had 16 months of housing slowdown and we have seen a 3-5% decline in nationwide pricing. It is still far from the disaster that was being pumped. So far we have had one month of economic slowdown. We are far from the economic doom that was being pushed.
Imagining things again? LOL!
Tex, it looks like we should have all taken Toddler’s advice and shorted gold and gone long housing. [LOL !] . . .
*BUMP* !
Once again, housing shills chime in with misinformation. Home prices are down about 8% nationwide in the past year. In some California cities, prices have dropped over 45% since the highs of 2005. Real Estate prices are off 25% all over California. Want proof? Just view all my recent posts.
Why? Because I normally cite authorities as proof. The housing shills mostly throw out insults without citing any proof at all. They act like they are the experts. In short, they all act like paid shills or disinformation spreaders and total idiots.
The real experts mostly agree with me. I mostly agree with the real experts. Most of the people who post on FR seem to agree with me today.
Video: Yale Economist, Robert Shiller, Gives His Opinion
Video: New Satirical Comment on the Housing Crisis
Posting misinformation does not help anybody. If you want to save thousands of dollars, $$$$$$$$$$$ please listen.
If you want lose your shirt, follow the advice of housing shills.
Who pays you?
We should be hearing about rental prices spiking due to demand of all these people losing their homes.
In some California cities, prices have dropped over 45% since the highs of 2005.
Where? I have numerous family members who have been unable to buy in California for the last dozen years.
Not Sacramento. They’re only down a mere 32% since 2005:
http://sacramentolanding.blogspot.com/search/label/Graphs
The median in LA is down 15% YOY.
So hydroshock’s thread keeps going and he’s not allowed to respond?
The housing shills would love to begin their flipping cycle all over again. This time around it will be tough, as the economy sinks in the direction of a depression (severity is contingent on the set of various shocks to the market).
LA is hurting...there are empty houses all over....some have signs, some are foreclosed...and some the people just left without telling anyone yet
Are you hacking websites?
If you want to cherry pick data, there are regions that prices are actually up. I am talking nationally, not some cherry picked region. Doom and gloomer Shiller has stats from 10 of the largest cities which areas like Cleveland and Detroit, so his numbers tend to be much worst than if you look at the whole country.
LOL!
Quoting LA prices is now ‘cherry picking’ - that’s a good one. 1 out of 10 American houses is in California. And a much larger share of housing valuation, although Mr Market is in the process of correcting that foolishness. California equity locusts drove prices all across the West, and their demise will be felt even by you.
Yes picking the worst cases is cherry picking. I look at national data.
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