tag:blogger.com,1999:blog-18675105.post5935313108384426611..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Glimpse of Reality of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-18675105.post-81604069996115732872007-09-05T18:32:00.000+01:002007-09-05T18:32:00.000+01:00I hope you cover your short CFC at 40.I hope you cover your short CFC at 40.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51824182455048539432007-09-05T15:46:00.000+01:002007-09-05T15:46:00.000+01:00Anonymous 9/5/07 12:07 am said:"Do what you must, ...Anonymous 9/5/07 12:07 am said:<BR/><BR/>"Do what you must, as long as you do it in your apartments and stay the fuck away from me and my neighborhood. Ughhh renters, a lower life form cannot exist."<BR/><BR/>Even the Federal Reserve is acknowledging the housing slump. They've already taken some action (the 1/2% emergency rate cut) and might even go as far as to reduce the benchmark interest rate come 9/18 (which I disagree with BTW). The slump is different in severity based on location, but as a whole, the slump as a whole on a national basis is definately here. Are you trying to tell me that there is no slump?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35738618010638148052007-09-05T03:55:00.000+01:002007-09-05T03:55:00.000+01:00wow... here in NC you definitely need a license. C...wow... here in NC you definitely need a license. Can't imagine states operating like that.<BR/><BR/>Chris Roberts<BR/>Bank of America<BR/><BR/>http://www.raleighmortgagepro.comAnonymoushttps://www.blogger.com/profile/15049507811554567294noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79496452384914870472007-09-05T03:20:00.000+01:002007-09-05T03:20:00.000+01:00Anons recounting their dreams at HP again I see.Go...Anons recounting their dreams at HP again I see.Go back to sleep realtard.Better yet ,Go enlist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7766796970784209902007-09-05T00:07:00.000+01:002007-09-05T00:07:00.000+01:00So median up and average up, you nutjobs say that ...So median up and average up, you nutjobs say that means nothing. If median and/or average ever falls, will you say the same? <BR/><BR/>No probably not. You will jump all over it as proof of a crash.<BR/><BR/>Do what you must, as long as you do it in your apartments and stay the fuck away from me and my neighborhood. Ughhh renters, a lower life form cannot exist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33891117634757131392007-09-04T23:14:00.000+01:002007-09-04T23:14:00.000+01:00to Las Vegas anon:So when your zip code gets down ...to Las Vegas anon:<BR/><BR/>So when your zip code gets down to one sale at $10,000,000 you'll be absolutely estatic because the average home price has shot up to $10 million?<BR/><BR/>That doesn't make any sense, and either does your arguement.<BR/><BR/>JymkataAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-16886005037606534482007-09-04T23:09:00.000+01:002007-09-04T23:09:00.000+01:00"Read more carefully keith, AVERAGE price, not med..."Read more carefully keith, AVERAGE price, not median is what I gave.<BR/><BR/>Is average no good either?<BR/><BR/>That all depends on your interpretation of "Average" doesn't it?<BR/>Do you mean median average which is if the lowest priced house sold for $1 and the highest sold for $10million, the median average would be $5million. ie halfway between the 2 extremes.<BR/><BR/>The median average is add up the prices of all houses sold and divide by the number of houses you added together.<BR/><BR/>Then there's the mode average which is (housing in this case) the price that most people paid. ie if 2 people paid $1, 2 paid $10million and 75 paid $100k, 4100k is the mode average as most people paid that price.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60738657172175188552007-09-04T22:58:00.000+01:002007-09-04T22:58:00.000+01:00Foreclosures in 89141 are currently 439. Gee why ...Foreclosures in 89141 are currently 439. Gee why don't these folks just sell their home?<BR/><BR/><BR/><BR/>http://www.foreclosure.com/search.html?st=NV&cno=003&z=89141&pg=18Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15412021485027088372007-09-04T21:10:00.000+01:002007-09-04T21:10:00.000+01:00Anonymous said... Keith,Every argument you have ig...Anonymous said... <BR/>Keith,<BR/><BR/>Every argument you have ignores SALES PRICES. That is the only thing that counts. Everything else is noise.<BR/><BR/>SALES PRICES countinue to go higher. Use average, use median, use whatever you want. <BR/><BR/>September 04, 2007 3:43 PM <BR/><BR/>---------------------<BR/><BR/>What's price per square foot doing? I bet it's down at least 5% YOY. It's a different mix of homes that are selling. The Case-Shiller index measures repeat sales of the same homes and it's down 5.1%.<BR/><BR/>Home prices in Vegas are eventually likely to approach zero, so you'd best get out while you can.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72940242107844468342007-09-04T21:02:00.000+01:002007-09-04T21:02:00.000+01:00Anonymous said... Read more carefully keith, AVERA...Anonymous said... <BR/>Read more carefully keith, AVERAGE price, not median is what I gave.<BR/><BR/>Is average no good either? Average goes up, you say use median since average is not a good indicator. Median goes up, oops that is also not a good indicator.<BR/><BR/>Spin, spin, spin.<BR/><BR/>Median is up. Average is up. Anyway you look at it, prices are up.<BR/><BR/>You keep talking crashes all you want, the numbers say otherwise. <BR/><BR/>September 04, 2007 2:20 PM <BR/><BR/>-----------------<BR/><BR/>Hahaha! The average is even more easily distorted than the median. Case-Shiller home price index for Vegas is down 5.1% YOY and even that most likely understates the problem.<BR/><BR/>Add in inflation, and you've got a pretty good crash... and it's just getting started.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1839754767487640532007-09-04T20:52:00.000+01:002007-09-04T20:52:00.000+01:00anon saidMonth, number of sales, avg.price08-2007 ...anon said<BR/><BR/>Month, number of sales, avg.price<BR/>08-2007 46 $498,000.00 <BR/><BR/>08-2006 78 $437,000.00 <BR/><BR/>LOOK AT THE NUMBER OF SALES! ONLY 46 HOMES SOLD IN AUGUST. That's lower than any of the other months listed on your chart<BR/><BR/>August, 2006 number of sales: 78.<BR/><BR/>Sales in August, 2007: 46, which is 41% below last year's number!<BR/><BR/>Total sales volume for August, 2006: $34.08 million.<BR/><BR/>Sales volume for August, 2007: $22.9 million which is 32.8% below last year's sales volume. That's a lot less commissions being paid out to realtors!<BR/><BR/>That looks to me like the market is cratering, but million dollar homes are probably still moving.<BR/><BR/>JymkataAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91626301045719721032007-09-04T19:56:00.000+01:002007-09-04T19:56:00.000+01:00I hope you haven't covered your short yet, CFC is ...I hope you haven't covered your short yet, CFC is pulling up off the bottom. I'd love to see you cover at $40.<BR/><BR/>There is a big difference between liquidity and solvency. CFC may have some liquidity problems, but not solvency problems. See you at the top.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12616148585123465472007-09-04T18:37:00.000+01:002007-09-04T18:37:00.000+01:00Strippers=whoresMortgage Brokers=whoresSo they rea...Strippers=whores<BR/>Mortgage Brokers=whores<BR/><BR/>So they really haven't changed jobs at all, then. They just use a different bag of tools to manipulate people out of their money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-46678538506554883302007-09-04T18:36:00.000+01:002007-09-04T18:36:00.000+01:00A few samples of homes sold in LV on Friday. Yep, ...A few samples of homes sold in LV on Friday. Yep, this is a housing crash of ubelievable proportions. Why some people only made 200% return.<BR/><BR/>7014 CYPRESS GARDENS LN<BR/>LAS VEGAS NV 89119<BR/>Sold for $375,000<BR/>Last sale: $176,500 in 1997<BR/><BR/>7901 W WASHBURN RD<BR/>LAS VEGAS NV 89149<BR/>Sold for $345,000<BR/>Last sale: $289,000 in 2005<BR/><BR/>8808 RUSSO CT<BR/>LAS VEGAS NV 89134<BR/>Sold for $960,000<BR/>Last sale: $863,300 in 2006Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-51285940972422964162007-09-04T18:23:00.000+01:002007-09-04T18:23:00.000+01:00Tell you what realtor spinners go buy a home today...Tell you what realtor spinners go buy a home today in that zip code with your own money<BR/><BR/>Exactly<BR/><BR/>50% off coming up!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54189533253871563612007-09-04T18:14:00.000+01:002007-09-04T18:14:00.000+01:00You're right daveo. That zip code in 1 year went f...You're right daveo. That zip code in 1 year went from 2000 sq ft homes to 4000 sq ft homes, hence the dramatic jump in prices. One day magically every house doubled in size.<BR/><BR/>Spin, spin, spin away renters, fact is homes are not falling in price.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2812591752958029082007-09-04T18:03:00.001+01:002007-09-04T18:03:00.001+01:00According to this, LV asking prices are down 1.6% ...According to this, LV asking prices are down 1.6% from last month alone. <BR/><BR/>http://housing-watch.com/home.aspx?d=30<BR/><BR/>I have a cousin who lives in Vegas. (Why are cousins always such 'tards?) He came to me a year ago and said his buddy was going to sell him his house for 2.3 million, BUT it was actually worth 3.2 mill. I told him I had a tough time believing anything other than a casino was worth over 2 mill in Vegas. (I also doubted that his "friend" liked him so much that he'd give him a 900K rebate.) I told him further that the Vegas market was going to crash hard, and that his current 700K house would be worth half that shortly, despite its 7 LCD televisions, and tennis court etc. <BR/><BR/>Luckily he couldn't swing the financing, even though it was still the height of the phoney-baloney mortgage crisis. Did I mention that he was involved in real estate? Emphasis on WAS. He's now involved in some mail order face lotion company. Turns out business has been slow on the building side. Duh. <BR/><BR/>I further recall when he told me about the multimillion dollar gem, that the reason LV prices would keep going up was because of land use restrictions. Bwaaahaaaa! It's desert for Christsakes. Desert. <BR/><BR/>Excuse my rant, but I just can't believe anyone thinks Vegas is in for anything but real estate obliteration.Lionelhttps://www.blogger.com/profile/12624026990027498835noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86138337226690258602007-09-04T18:03:00.000+01:002007-09-04T18:03:00.000+01:00"Zip Code 89141 in Las Vegas. My goodness what a c..."Zip Code 89141 in Las Vegas. My goodness what a crash!! Prices are up $60K YOY, the horror of it all. August 2007 the supposed month when nobody could get a loan anymore has the highest price in a year."<BR/><BR/>Moron,<BR/>Look at http://tinyurl.com/2n48ds<BR/><BR/>Do the sales prices you talk about consider price / sq. ft.? Are they all for roughly the same size house over the 13-month period (8/06-9/06 inclusive)?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-28138286527206320502007-09-04T17:50:00.000+01:002007-09-04T17:50:00.000+01:00The world needs more strippers and less REALTORSThe world needs more strippers and less REALTORSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78002783430786280642007-09-04T16:40:00.000+01:002007-09-04T16:40:00.000+01:00Troll, let me get this straight.In 2005 you sold 1...Troll, let me get this straight.<BR/><BR/>In 2005 you sold 100 houses for $400k a piece,<BR/>And in 2007 you sold 2 houses for $600k a piece.<BR/><BR/>Yep, prices are going up alright, ya frickin retard!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-77073637402906874502007-09-04T16:24:00.000+01:002007-09-04T16:24:00.000+01:00I live in Phoenix and like to see a craigslist hoo...I live in Phoenix and like to see a craigslist hooker about once a month. I usually try to pick out someone fresh. The last two were realtors, I kid you not, trying to make some money to stay afloat. Neither had made a sale in months. <BR/><BR/>Everything that you all think is going on is really going on. Oh, and prices have noticeably come down, from $250 to $300 for an hour to $200. <BR/><BR/>God bless the real estate crash!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39301486040653796682007-09-04T15:53:00.000+01:002007-09-04T15:53:00.000+01:00A client sent someone from his office over to drop...A client sent someone from his office over to drop off work. She insisted on meeting me instead of just leaving it. Upon arrival the muumuu clad, halitosis spewing undercover agent pitched me on her sideline real estate job at Coldwell. She didn’t just come right out and say “Please let me work with you on your next transaction”. Instead she just started “casual conversation” about her business attached to clever little innuendo designed to cause me to connect the dots and call her. I admit it, I am a shark, please don’t try to fool me with weak tactics that don’t work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24426575423586606352007-09-04T15:47:00.000+01:002007-09-04T15:47:00.000+01:00BTW Keith I am not a realtor. It always amuses me ...BTW Keith I am not a realtor. It always amuses me how anyone who disagrees with you is a troll. Grow up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-11270904602448658202007-09-04T15:43:00.000+01:002007-09-04T15:43:00.000+01:00Keith,Every argument you have ignores SALES PRICES...Keith,<BR/><BR/>Every argument you have ignores SALES PRICES. That is the only thing that counts. Everything else is noise.<BR/><BR/>SALES PRICES countinue to go higher. Use average, use median, use whatever you want.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86275890546916022252007-09-04T15:35:00.000+01:002007-09-04T15:35:00.000+01:00Must be some fraudsters still in business in 89141...Must be some fraudsters still in business in 89141 if prices are still going up.Anonymousnoreply@blogger.com