Thursday, October 16, 2008

Bits bucket for Thursday, October 16

This is Bubble Meter's first bits bucket. Please post your links, commentary, presidential debate thoughts, and MLS/Craigslist finds here.

13 comments:

  1. Businessweek: "Some Cities Will Be Safer in a Recession"

    "While D.C. didn't enjoy Manhattan's Wall Street-driven growth during the past couple of decades, it's now in an enviable position. The capital has become a hub for companies that do defense and homeland security work in the wake of the Sept. 11, 2001, attacks. "

    Link

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  2. Yay! We have a bits bucket. I'm a bubble sitter in MontCo. MD who sold my home at the top.

    It's painful waiting for these prices to come down. I just keep thinking how if I had given in and bought last year, I'd have lost about 100K already. The problem is that prices have so far to fall, even at such steep rates of decline it feels like it's taking forever.

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  3. " I had given in and bought last year, I'd have lost about 100K already. "

    It depends upon where you might have made the purchase, right?

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  4. Well, I certainly wouldn't claim that prices have all gone down perfectly evenly, everywhere. We want to buy in the close-in suburbs of Montgomery County, such as the nicer parts of Silver Spring, or Kensington. I've been tracking pretty specific areas/zip codes, even down to individual blocks, so I know we would have gotten killed if we had bought last year.

    I have been tracking other zip codes more out of curiosity and I am not aware of any areas in MontCo that are not taking major hits, even the wealthiest zip codes. But if you want to compare to areas of PG county (I track some of those too, I'm kind of obsessed) then PG county has been hit somewhat harder and faster.

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  5. Care to share some of those MoCo zip codes?

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  6. Not really. If you like looking things up, check out which zip codes have lost more than 50 dollars *median* sold square foot since Oct 2007. Then you'll have an idea of where I'm looking :)

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  7. "Patience said...
    Well, I certainly wouldn't claim that prices have all gone down perfectly evenly, everywhere. "

    Damn Right. Same thing in close in VA - some zip codes havent gone down. But areas far from the city have been hammered. In DC many zips are up. The only common thing is proximity to the city.

    For example, median prices in DC (whole city) Jan-Sep, 2008

    Jan +11.17
    Feb + 6.43
    Mar - 8.06
    Apr + 4.53
    May + 5.01
    Jun + 2.41
    Jul + 2.05
    Aug + 0.00
    Sep + 3.97

    BY COMPARISON, heres high end loudoun (whole county):

    Jan -11.80
    Feb -10.70
    Mar -19.94
    Apr -18.96
    May -19.31
    Jun -17.47
    Jul -20.45
    Aug -24.63
    Sep -24.79

    The credit crunch hit everywhere at the same time. Why did Loudoun get hit and DC didnt? Answer - ITS IMMUNE!

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  8. Answer - ITS IMMUNE!



    hahahahahahahahahahahahahahahaaha....no wait, seriously...hahahahahahahaaha

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  9. Actually, for all you suckers who thought you would see crashing prices inside the beltway, the correct response is actually BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!

    The B at the beginning is important!

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  10. Wow, I didn't know there were still home price bulls! Bless your heart.

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  11. Jan +11.17
    Feb + 6.43
    Mar - 8.06
    Apr + 4.53
    May + 5.01
    Jun + 2.41
    Jul + 2.05
    Aug + 0.00
    Sep + 3.97

    BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

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  12. Here's another fish for you, Flipper.

    Damn! You're gonna empty my bucket at this rate.

    I own your ass - you are so intent on baiting others that you take my bait at the drop of a hat, like so many largemouth bass.

    Do yourself a favor and stay off the boards and stop embarrassing yourself.

    Even posting as an anony I can see it is you everytime.

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  13. Jan +11.17
    Feb + 6.43
    Mar - 8.06
    Apr + 4.53
    May + 5.01
    Jun + 2.41
    Jul + 2.05
    Aug + 0.00
    Sep + 3.97

    BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

    ReplyDelete