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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (54350)	10/17/2004 4:28:12 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

>>Oops ACF Mike....I cannot verify the claim, because it is wrong....it should be 66% over past 5 years....close enough for government work<< I'm really not sure why you're pushing this as your data are so weak. The link that you provided showed that the median price of a Boston-area house increased 65.9% from 1998 through 2003, increasing from $193,555 to $321,108. Now, you know that I sold my house in Boston in late 2001 because I pm'd you at one point with this information and now you are trying to show that this was a bad decision, I guess. So, I will be analytical for a moment and critique your criticism. 1. The data that you cited relates to a time period and therefore price appreciation that occurred primarily (60+% of it) before I sold my house and so does not really support your case. 2. The data that you cited does not show year-by-year appreciation and so there is no way to know when that 65.9% appreciation occurred - was it evenly distributed? - all in year 1? - year 5? - years 1 through 3? 3. Most importantly, this appreciation relates to a median-priced house. I did not and do not live in a median house. The $1 million+ market has behaved differently to the market for median priced housing in Boston and in many other cities over the past three years - just ask Elroy Jetson. You surprise with me with your flip-flops as you alternate between predicting that the US residential real estate market will crash and then castigating me for downsizing. I clearly remember you crowing about your hedge fund friend who sold his house in Southern Cal (or maybe the Bay Area), and moved into a rental maybe a year ago. Does this Kerry-esque inconsistency not trouble you?