Two new housing/econ blogs have recently come to my attention: here and here.
Real Estate Calculator estimates the post-bubble value of your home.
Also, you may want to join the Facebook group called Let real estate prices fall!
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Thanks for posting my blogs. To the blog-master of this site would it be possible to add them to your blog roll?
ReplyDeleteSorry to do this in a comment I just couldn't find a contact email address.
BTW, I LOVE the data on this site.
Real Estate Calculator estimates the post-bubble value of your home.
ReplyDeleteThe problem with that caculator is it just isnt specific enough. There should be 2 choices
DC Metro Area
DC Immunozone Area.
That calculator says my immunozone home will be 100,000 less than the price I paid for it in 2001. Anyone on the face of the planet think that will happen???
"Also, you may want to join the Facebook group called Let real estate prices fall!"
ReplyDeleteThat Facebook page has its focus on manhattan - probably the most desirable area to the largest number of people in all of North America. And the place is hemmoraging jobs. Its not as if prices arent/havent fallen there.
No offense but that facebook looks like a bunch of crybabies who dont want to live in Brooklyn or Jersey City, and cant understand why they have been priced out of the city (along with 95% of the US population).
Let real estate prices fall? Should rename it to "Let all jobs be destroyed (except mine) so I can afford a sweet pad overlooking the park"...
wow. people are still so delusional! manhattan may be desirable but prices are still far too high when measured by average salaries. same with DC. the meter also says my place will be about $50,000 less than i paid in '01. that sounds about right - maybe even overly optimistic. the reality is that prices DOUBLED from '97 to '01 in manhattan and DC. that is simply insane. we will revert to the mean and people in NY and DC will once again be able to buy decent homes. i am looking forward to that day, which is probably still a few years away.
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