Open House Picks: Six Months Later
Comment: Doing deals! Open House Picks 11/20/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Doing deals!
Open House Picks 11/20/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
BHO, I only yap/comment about batch in front of me. I dont look back or forward. Until prices look affordable / cheap (ie I don’t find the prices here cheap; maybe cheaper relative to something but aint cheap), stuff sold is bullish to me.
Mini-boom from Nov-April. Suspect the movement of “Six Months Later” will show a lot of sales that occured during that time period in the coming weeks. The open houses listed this weekend, that may be another story if this “correction” keeps up.
(ie bull aint limited to richie rich folks buying premo ppties in premo hoods)
Fair enough m4l.
Bull vs Bear is about price, m4l, not volume. We all want volume.
***Bid half off peak comps***
“only 1 out of the 3 sold via more than 10% off”
Off what? Falling ask, 20 or more percent below peak (a low that the reGOVery only gave back 1 or so percentage points to)? Red is red.
“Hard to make a bull v bear out of this batch.”
It really is. Slam dunk, broken glass, to the bears. Grrrrrr!
***Bid half off peak comps***
wasder sold is sold. 10% off is decent. 3 out of 4 is majority. and these prices aint peanut $$$ either. so it is a slight edge to bull (ie bull aint limited to richie rich folks buying premo ppties in premo hoods)
“all the hype must be about something, right?”
Yup. Deficit spending 12% of GDP, mark-to-fantasy accounting and a resulting stock rally that is now reversing. All unsustainable. They played similar games after the crash of ’29 to no avail.
***Bid half off peak comps***
This happened to be an Open House Picks predominantly consisting of lower end houses. Hard to make a bull v bear out of this batch.
3 out of 4 and only 1 out of the 3 sold via more than 10% off, slight end to bull on this batch