Open House Picks: Six Months Later
Comment: Hardly a seller’s market but at least deals are getting done. Open House Picks 8/21/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Hardly a seller’s market but at least deals are getting done.
Open House Picks 8/21/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
DIBS,
CPI Ex Food & Energy (MoM): -0.1%, first drop since December 1982. SINCE NINETEEN EIGHTY TWOOOOOOOOO!!! YoY will catch up. This will be a deflationary spiral. You didn’t pull your head out of your ass AT ALL!
And DCB has it right. 9.47% is for first-time offenders. What about the delinquent veterans, the OG’s. They’re still delinquent!!! 30 days, 90 days, 18 months in many cases. These 9.47% first-time offenders will be added to the list next month. This is shadow inventory. “Walking” foreclosures. They’re all around you but you don’t know it. Preforeclosure/lispendens data doesn’t get discussed here.
Go take a scuba diving class.
***Bid half off peak comps***
yeah snark, got lucky on that one! I rarely give prices (altho I might bitch something seems over-priced) cuz there’s hardly ever enuf info to really make a good guess.
RE: 16th Street house
I was pretty close when I said “Drop the ask to $995 and they might get some traction.”
Denton totally nailed when he said, “999k takes it.”
No DIBS, that was mortgages that are 1 month late that are down 9%. Loans that are way late are rising and at a faster pace.
Maybe that 1 month statistic holds hope for way down the road, but before we get there, there will be a massive number of foreclosures.
Pigeon, we’ll both be posting our PayPal account numbers for you to contribute. This is not a free show you know. I’m here to edumacate the masses.
I love to watch DIBS and BHO fight!!!
Float like a butterfly, sting like a bee…
You make my case, BHO.
A “deflationary collapse”??????????? CPI numbers came out today. Apparently you didn’t pull your head out long enough to see them…
CPI (YoY) +2.6%
CPI Ex Food & Energy (YoY) + 1.6%
Mortgage delinquencies were 9.47%, below last months number
Go back and take a course in economics, you might learn something about house prices in an inflationary environment.
[he looks and sees a deflationary collapse, 15 to 20 x rent vs the normal 10x, and 4 to 5 x income vs the normal 3x]
***Bid half off peak comps***
The fundamentals don’t lie.
***Bid half off peak comps***
Posted by: Brownstones Half Off at February 19, 2010 2:26 PM
No they don’t and I’d suggest you actually take a look at them in the economic data.