patrick.net

That's the shortest explanation.

Well, more detail that the headline here

http://loganmohtashami.com/2013/12/30/2014-housing-predictions/

Sounds about right. That'll always be true as long as stupid people don't mind going up to their ears into debt.

How does it feel being named after an airport?

If I was from Boston it would be great, I think Logan Airport was opened in 1923, Logan isn't my birth name so not really named after the airport

His parents favorite movie was "Logan's Run". What color is the crystal in your palm?

What was the age limit in that movie 33? Now that is the real death panel

Will be on Bloomberg 1:00 PM ET today talking about Housing for 2014

http://www.bloomberg.com/podcasts/hays-advantage/

Logan Mohtashami says

What was the age limit in that movie 33? Now that is the real death panel

21 in the book.

I like Logan's Heroes

2014 will be more like 2012 and 2013.

21 ouch, must have a bubble economy in the book, demographic trend with that age limit is horrible I assume no child labor laws either

Here is the podcast of the Bloomberg interview

http://media.bloomberg.com/bb/avfile/Economics/On_Economy/v9PUOKbnFMeE.mp3

Thanks for letting us know the market was so bad in 2014!!

Just out of curiousity, how much did prices drop near you since you wrote this post?

Cause near me, they went up 50% and rents went up too.

youareworthless says

Thanks for letting us know the market was so bad in 2014!!

Come one, you can do better than this, 2014 Price prediction

Your obsession of following me around the internet is admirable but you have to be able to read

2. As much as I hate to say this, in 2014 home prices will continue to rise. I predicted 2-5% rise in home prices for 2013, but the market, driven by very low inventory, rose between 5-12% depending on whose metrics one uses (Zillow, Corelogic, Case Schiller and others). Inventory will improve in 2014 — I believe we can get to 6 months on sale inventory for the nation—but that still won’t be enough to prevent home prices from rising. I predict a 2-5% increase in home prices. In certain regions, like California we need to watch out for a full-fledged bubble forming. Certain buyer and inventory metrics can lead to another double-digit gain in home prices, which would be very harmful to the housing market. If we get a buyer profile of 34-39% of homes in the U.S. are bought with cash and inventory stays under 6 months then we could get a repeat of the harmful housing inflation of 2013. However, the likelihood of that is minimal.