When they launched this blog, it looked as if was being written by a realtor - or someone with a big stake in the market going up and up and up. Damon Darlin, the writer, either got replaced, or sold his real estate holdings and is now free to talk, or was told by fellow writers to try reporting what was really going on.
We all know the Times has had their share of scandals and bad reporting the past couple of years. This was starting to feel pretty fishy too, but now they're on track
Instead of comments like this in December:
"When I see a headline like this one: “Boom likely over in the housing market,” my contrarian instincts kick in. When I read that a conference of economists say this is so, I really begin to wonder whether we are over reacting."
We're now getting today:
"What do you do when even the mayor of your city points out the obvious — that real estate prices have peaked? You tout a report that says prices in the previous year skyrocketed."
Welcome to reality Damon. Enjoy your stay. It's not pretty, but it is what it is.
8 comments:
I swear he is trolling through these bubble blogs for ideas. As I have said before his job has gotten alot easier.;)
I actually wrote Damon complaining that he was stealing other blogs. I was upset because my comments were lifted from another blog and reproduced without attribution to either me or the other blog. He wrote back that my beef was with the blog and not his stealing! The NYT Walkthrough is stealing and making money off reselling the stolen goods.
The NYTimes is a dead slice of tree with some dark smears on it. It is running on inertia and doesn't even know that it irellevant.
Suplly chain inventory is low because no one wants to be left holding stock without a gauranteed customer. Go to the Walcostdepot. With the exception of Walmart the shelves are suspiciously "thin" of expensive items.
Devest, what kinds of parts? I know that I've installed memory on Friday that was manufactured in Korea on Tuesday so I like to know about other products and their supply pipelines.
I don't understand how the Chicomms can bury the energy cost of their products. The prices for so many items, plastics and refined raw materials are oil dependent and they appear to still be lower than the cost of the BTUs and long chain carbon molecules that go into them.
Your friend talking about "copied" tells the other story. If we counted the value of the intellectual property they steal every year we'd have a balance of trade payments with them. On the same note expect a Chinese version of Windows in a few years stealing all the Worlds' best intellectual property and rebunding it with enough minor differences to obscure the truth. Walmart is part of this transfer. They like to start with good Western companies, and then under the guise of improving the operation they move in steal the best techniques and transfer them to the low cost Asian manufacturers.
Robert, I'm glad I'm not the only one noticing him stealing material. Check out this post from him on 2/7/06:
"Track Home Price Reductions
ZipRealty, the discount brokerage, is offering a useful feature on its Website. It lists the percentage of properties in the market that have been reduced in price.
For instance, 30.5 percent of homes in the Sacramento, Calif., have been reduced in price. About 28 percent of those in Phoenix have met the same fate. (What isn’t clear is whether Zip catches homes that have been on the MLS, then taken off, then returned at a lower price.) – DAMON DARLIN"
Now see my post on 1/30/06 on the same exact topic. Where is the link or giving credit to my site???
Those products cost more than Western production methods - which is precisely why we buy those products from the Chinese.
Clearly the author meant "cost less" not more as is written and normally I'd let it go as the usual typo in the blogosphere as we ave all done the same thing. HOWEVER this particular faux pas was prefaced by: "once again you appear to be living in a fantasy land."
My problem is that I don't travel in the same circles as most bloggers on these subjects. One example of what I am talking about:
http://www.spectrum.ieee.org/jun05/1232
where we find the quote explaining software piracy; "Besides, intellectual property is not necessarily a commonly shared value." The Chicomms can and do sell copies of Windows for 2% of value and none makes it to Microsoft.
I really want to know what part of the IP field you work in that this issue is unknown to you.
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