Open House Picks: Six Months Later
Comment: Not too shabby! Open House Picks 9/18/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Not too shabby!
Open House Picks 9/18/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
But DIBS, only 2 of the 3 prices is confirmed. One (7th) is admittedly, IMO high for this market, but still well below peak. State St seems well below peak as well. And Sterling may be even more below peak. So doesn’t seem bullish to me.
Evidence, DIBS.
http://lehmanreport.jenner.com/
Accounting games are everywhere.
“the market has bottomed”
vs
“THINGS ARE SELLING [at losses]”
Contradiction. Bear market has everything to do with the direction of price. Higher volume means sellers are having a cognitive dissonance attack.
***Bid half off peak comps***
BHO, aint speaking for others but just for me. when I see stuff selling for prices that I deem “wow, expensive”, I’m impressed and when it’s 3 out of 4, bullish.
“Asks tend to be comps when they’re first set.”
That’s a cop out. Post some comps if you think these are waay off peak. I have no idea but I’m not staking out a position the way you are.
Miss Muffett, apparently all of today’s OH6ML have sold and Halsey St is in contract.
How hard do you need to be hit over the head?????
Well, if we’re going to talk economics, what about the report Moody’s is talking about downgrading US debt ratings:
http://www.nytimes.com/2010/03/16/business/global/16rating.html?scp=1&sq=AAA%20bond%20rating&st=cse
Longterm interest rate rise = housing prices damped further?
Asks tend to be comps when they’re first set.
Where we are since 12 months ago is a big suprise indeed. We’re nowhere! The losses are still out there, uncleared. Legalized accounting fraud, like from 1929 to 1932, has us all giddy thinking there’s nothing but sunshine ahead. Another big suprise is how Bernanke and the NY Fed knew that Lehman was about to collapse months before it did but gets reconfirmed!
That’s honesty. The so-called “recovery” is not.
***Bid half off peak comps***
Yes, DIBS, cheer on. And then come up with excuses next time there’s bad news, which is usually the case with OH6ML.
Bottom line, apart from any non-evidence that BHO spouts, the market has bottomed, inventory is low and THINGS ARE SELLING.