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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Beachside Bill who wrote (58790)8/1/2006 8:39:59 PM
From: ChanceIsRead Replies (1) | Respond to of 306849
 
OK. Home prices are higher, YOY. But they have flattened and are currently dropping in many areas.



To: Beachside Bill who wrote (58790)8/1/2006 10:50:39 PM
From: mishedloRead Replies (1) | Respond to of 306849
 
Yeah well admit home prices are higher than last year then I might dicuss it.

BB I have been following this argument all evening.
I would NOT be short hommies here.
I admit I said the same thing a few weeks ago.

But "home prices are higher than last year" is total bullshit.

You ignore kickbacks, incentives, free cars trips etc etc, interest rate reductions etc.

Home prices are easily down 5% and in some places 15% or more.

Mish



To: Beachside Bill who wrote (58790)8/2/2006 6:40:05 AM
From: Dan3Respond to of 306849
 
Re: I might dicuss it.

I had lunch over the weekend with a cousin I hadn't seen in a while. He's in town from Connecticut.

He has a friend who's an attorney and her practice is mostly real estate closings. She generally does several a week (sometimes 2 in a day).

She didn't have a single closing last month.


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