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Comments 1 - 11 of 11 Search these comments
joshuatrio
2011 Mar 30, 12:39am
Look, this simple illustration may be over your head, but if you don't understand it - please don't comment. Let's try to stay on topic.
klarek
2011 Mar 30, 12:59am
the best yield doesn’t make the best purchase. the point is renter’s are not gaining
If they're waiting to buy, they certainly aren't losing like you bulls are.
toothfairy
2011 Mar 30, 2:48am
I'm hedged for either outcome.
from a purely financial standpoint it's actually better for me if
more people lose their homes and prices go even lower.
That's pretty selfish mindset so I dont really push for that.
Done!
2011 Mar 30, 3:30am
Nice graph!
And is probably more accurate than anything floating around. I'm sure the data behind it come from the same place. Another random chart with data pulled from an Ass, I love it.
JT, Nice graph. I think it's pretty clear we're at an inflection point. And it's going to be totally awesome. I mean cool...
Speaking of being selective, I'm pulling this from Socketsite. It's official, the Case Shiller SF Bay Area condo index has hit a new all time post bubble low. Condos have double dipped. I'm confident the overall C/S SF Bay Area Index will be lower next January (than it is now after a seasonal spring bump), but I still have a hard time believing we'll hit a new post bubble low. BTW, the crazy Nov-Dec-January C/S SF Index swings seem to most resemble the drops ending in Jan. 1995 (though the percentages are much greater).
terriDeaner
2011 Mar 30, 8:47am
Nice chart! But I thought 'Totally Cool' was inflation adjusted...
American in Japan
2011 Apr 4, 10:45pm
@SF Ace
Wow, that's a gross rent multiplier of 10.4--pretty good! In Japan there are properties with that or higher, but the workmanship on houses is often crummy so there is high depreciation (on the building anyway).
pkowen
2011 Apr 5, 1:57am
Well, in the bay area, houses are 10x the price the rest of the country, but at least the construction quality is twice as bad.
joshuatrio
2011 May 10, 8:29am
Wow, I never fail to impress myself - the incredibly mind blowing graph that I stole from Google image search has proved to be an amazing forecaster of economic events.
Looks like my forecast is 100% accurate. More to come as this year unfolds.
Just sayin.
Please resurrect this post in a year, so I can be right.
But, to cover myself, expect minor fluctuations, seasonal patterns and slight ups and downs even when I state the opposite. And I can choose whatever data source I want, using whatever start/end dates to support my logic.
You heard me.
Oh yeah, here's a graph to support my argument:
#housing