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Re: REAL ESTATE: ProJo - What happened?

On Oct 15, 8:11 pm, LazySherpa <r...@vberth.com> wrote:
> X-No-Archive:
>
> > PS: to whomever replied about that couple sitting on their house
> > "because they dont need to sell".  If you read the article, you
would
> > have seen where it said "they still intend to sell"....
"because they
> > want to move to a safer neighborhood"...  to which I was saying;
> > idiots! if you can't "get your price" today, you sure as HELL won't
be
> > getting it tomorrow.
>
> Thanks for underscoring my argument.  They don't "need" to sell.
> That's why, despite your hysteria, overall housing prices have held up
> very well.  There is no "housing crash" and there won't be.
"Intend"
> and "need" are quite different.  I humbly suggest a dictionary.
>
> Oh let's have some data.
>
> City:
> Providence:  down .96% after 5 years of double digit gains
> Boston:  KILLED DEAD. 3 quarters down. (-1.78%, -1.48, -.26) after 6
> years of double digit growth
>
> Region:
> RI: Down .97% after 5 years of double digit growth
> New England:  Whoops!  up .515% after 5 years of double digit growth
>
> And just for a kicker, man:
> Washington State: up 9.12%
> source: ofheo.gov
>
> Please feel free to dispute ofheo's methodology. However, i have a new
> policy of not responding to Zealots, so stay factual.
>
> When all is said and done, the graph will look like a huge massive
> mountain, followed by a slight downward slope, followed by a long flat
> grassland with lots of rental units on it.
>
> There are many in this discussion who seem to value anecdotal
> evidence.  You don't seem to have found a bargain yet?

Lots of bargains out there.  I see them come across my email daily.
Some of the selling prices are suprizingly low.  But, I haven't found
a bargain on a house that I want.  I have rather specific criteria.
And, I know whatever I pay (or would have paid over the last 3 years)
is just going to end up being an over payment.  I prefer to wait for
the grassland you speak of... which the only point I debate with you
is how deep the decline is that preceeds the grassland.

Oh, I still disagree with the couple in the ghetto... "intend to sell
in order to move into a safer neighborhood"  (with safer being a key
word) still equates to need in my mind. Families need to be secure...
so in my mind,  these people are unlikely to stay put long term, and
holding on to the house will only net them a lower price in the long
haul.

Oh well, not my problem.

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