tag:blogger.com,1999:blog-13164186.post116157464062219496..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: David Lereah's New BookDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger55125tag:blogger.com,1999:blog-13164186.post-25966697727701176592011-03-07T12:02:43.526-05:002011-03-07T12:02:43.526-05:00They are not quoting Moody's there is are inde...<i>They are not quoting Moody's there is are independent sources locally that are being quoted.</i><br><br>Maybe the articles citing the actual price declines aren't quoting Moody's, but all of the recent articles I've read which claim that MA has "bottomed out" were just repeating Moody's. Post links if you have have them to recent articles which say that MA has "bottomed out" without citing Moody's.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-10551283968280433172011-03-07T12:02:41.871-05:002011-03-07T12:02:41.871-05:00fogcutter,Please... your friend just happened to f...fogcutter,<br>Please... your friend just happened to fall into the hands of some really irresponsible loan officers? What about some personal responsibility or did he eat too many twinkies?va_investorhttp://www.blogger.com/profile/15885999039749401226noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-67402659753409744832011-03-07T12:02:40.028-05:002011-03-07T12:02:40.028-05:004:51 PMYou do not appear to understand the psychol...4:51 PM<br><br>You do not appear to understand the psychology involved:<br><br>http://brandspankin.com/?p=58Lexhttp://www.blogger.com/profile/00656151002689534265noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-90270657816333997652011-03-07T12:02:39.627-05:002011-03-07T12:02:39.627-05:00Yep, I have a job in Rockville and I'm going t...Yep, I have a job in Rockville and I'm going to buy a new house just north of Cumberland, MD because it is cheaper to buy a house up there.<br><br>Never mind the fact that I'll be spending five hours a day in my car (barring delays due to weather and collisions). Cost of goods sold is the ultimate factor in determining what house to buy, and where to buy it. Costs of both material and labor have fallen, so I'm building in Cumberland.<br><br>Perhaps I can get a job at a strip mall in Cumberland and reduce my commute by about 20 hours per week. <br><br>Location, Location, Location!steve hawkingnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-21912468057999851132011-03-07T12:02:38.009-05:002011-03-07T12:02:38.009-05:00Joe Hennessey, I didn't call you a criminal, j...Joe Hennessey, I didn't call you a criminal, just a joker.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-65472755933700156992011-03-07T12:02:37.765-05:002011-03-07T12:02:37.765-05:00Whee! I'm under someone's skin after just...Whee! I'm under someone's skin after just a few comments. I make valid points, and I get called names in return.<br><br>Looks like someone is unhappy with his/her housing arrangements....joe hennesseynoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161820298528941002006-10-25T19:51:00.000-04:002006-10-25T19:51:00.000-04:00Has an over/under pool started yet on when Lance a...Has an over/under pool started yet on when Lance and VA Investor disappear from the board? <BR/><BR/>I actually enjoy their well written posts and it's obvious they put a lot of thought/time into them. It's a contrarian point of view but it adds value to the board.<BR/><BR/>I'm curious, though, how much longer they can keep this up? The bottom is falling out and it's clear. <BR/>Of course, numbers can always be played with to support your point of view in RE. <BR/>If someone truly thought all the members of a message board were out of their minds and spewing nonsense, there's no WAY they'd spend as much time on here posting as they do.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161806818373527112006-10-25T16:06:00.000-04:002006-10-25T16:06:00.000-04:00yep ... welcome Joe!yep ... welcome Joe!Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161777159758574462006-10-25T07:52:00.000-04:002006-10-25T07:52:00.000-04:00Whee! I'm under someone's skin after just a few c...Whee! I'm under someone's skin after just a few comments. I make valid points, and I get called names in return.<BR/><BR/>Looks like someone is unhappy with his/her housing arrangements....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161743195443255742006-10-24T22:26:00.000-04:002006-10-24T22:26:00.000-04:00Oh, the guy who calls himself "A Redskins Fan" is ...Oh, the guy who calls himself "A Redskins Fan" is Joe Sixpack as well.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161741794310966542006-10-24T22:03:00.000-04:002006-10-24T22:03:00.000-04:00Joe Hennessey, I didn't call you a criminal, just ...Joe Hennessey, I didn't call you a criminal, just a joker.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161718994888073322006-10-24T15:43:00.000-04:002006-10-24T15:43:00.000-04:00Anon 8:59 said:"I am a pretty highly paid professi...Anon 8:59 said:<BR/>"I am a pretty highly paid professional and potential first time buyer that cannot afford to buy a home."<BR/><BR/>Impossible. ANY "highly paid professional" can afford to buy. You just might not be able to afford to buy what you think you <I>deserve</I> to be able to buy. The answer to your problem lies within you. Don't depend on the world to change to solve <I>your</I> problem. It won't.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161718895276762572006-10-24T15:41:00.000-04:002006-10-24T15:41:00.000-04:00Lance said... “So Robert, you believe that if one ...Lance said... <BR/>“So Robert, you believe that if one sells something for what it cost them to make it available for sale that they are still making an "ok profit"? <BR/><BR/>No, I said that he might find and argument for it. I’m not going to make the argument but for example, if a builder has six homes on the market and lets one go at cost and sells the other five at, hell, I don’t know 20%-60% over cost he’s made a profit.<BR/><BR/>“You also earlier stated that you believed that because of inflation one would make a return on the money sitting in their pocket.”<BR/><BR/>Uh, no. I said I’m getting 4.5% on the money in my pocket (i.e. the ATM card in my pocket Lance).<BR/><BR/> “And despite myself and others at various times explaining to you why you can make a good purchase under any market conditions, you continue to misconstrue what I have said by taking it out of context. Good luck finding something ... Especially at the 70% discount that you earlier said most properties should sell at. You're going to need it. “<BR/><BR/>No Lance, I think it’s just you with the “never a bad time to buy” plan:<BR/><BR/>Lance said... <BR/>“that is correct, there is never a bad time to buy”<BR/>July 28, 2006 3:14 PM <BR/><BR/>And 70%? Please Lance, I have yet to speculate/post on the percentage drop in the market. VA_investor seems to think this is a normal cycle, if so, that would be a reversion to the mean. Hell, I might go with that.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161718565992012002006-10-24T15:36:00.000-04:002006-10-24T15:36:00.000-04:00What a bag of hot air.....Keep up the pressure on ...What a bag of hot air.....Keep up the pressure on this shill.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161715590933212532006-10-24T14:46:00.000-04:002006-10-24T14:46:00.000-04:00IHateYuppies is Joe Sixpack. If you haven't been ...IHateYuppies is Joe Sixpack. If you haven't been here long enough to know what I'm referring to, then hold your tongue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161715099578465112006-10-24T14:38:00.000-04:002006-10-24T14:38:00.000-04:00"So instead of "looking out the great unwashed mas..."So instead of "looking out the great unwashed masses" [sic], you choose to belittle and incite them. Thanks for clarifying, just in case anybody might have thought you were here for serious discussion."<BR/><BR/>I see that I have my first fan! Thanks for going out of your way to attempt to psycho-analyze me :-)<BR/><BR/>Let's see.... David belittles Lereah and that is acceptable (really, it is), but I belittle the folks who expect others to beleive that Lereah has some profound ethical duty to Joe Sixpack's well-being; And I'm a criminal as a result.<BR/><BR/>If somone wants to do something stupid with their money and/or their credit rating, they are *FREE* to do so.<BR/><BR/>Oh, by the way. Get over yourself.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161705596855240272006-10-24T11:59:00.000-04:002006-10-24T11:59:00.000-04:00"No one on this board is Joe Sixpack"Exactly, I am..."No one on this board is Joe Sixpack"<BR/><BR/>Exactly, I am a pretty highly paid professional and potential first time buyer that cannot afford to buy a home. If I cannot afford to buy, there is absolutely no way in hell that Joe Sixpack can. This is the reason there are no sales, pleae get this through your thick heads already and lower the prices. And no, i do not want a BMW, pool or vacation and you do not deserve to make 100+K for buying a property 5 years ago.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161694083026955702006-10-24T08:48:00.000-04:002006-10-24T08:48:00.000-04:00Regarding the articles about Massachusetts "bottom...Regarding the articles about Massachusetts "bottoming out"...<BR/><BR/>I see how you might read those quotes that way, but they are at least ambiguous on whether the price declines will be over soon. In the first link you posted, Timothy Warren from Banker & Tradesman said that the "softening" would continue into next year, so I could see you taking that as corroboration that prices are near bottom. However, it isn't unambiguous about whether we've bottomed out or not since it doesn't indicate how bad the additional declines will be.<BR/><BR/>In fact, here's another quote from somebody at Banker & Tradesman:<BR/><BR/><I>“We’re extrapolating numbers that we’ve extracted so far. That’s what the statistics are showing us. It’s accelerating rather than receding. We don’t expect it to end in the near future.”</I><BR/><BR/><A HREF="http://www.telegram.com/apps/pbcs.dll/article?AID=/20061024/NEWS/610240626/1116" REL="nofollow">See this article</A><BR/><BR/>I'm not predicting how prices will behave here, I'm just pointed out that there doesn't appear to be a consensus that Massachusetts has bottomed out.bostonbubblehttps://www.blogger.com/profile/12009292091012977672noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161693060598423412006-10-24T08:31:00.000-04:002006-10-24T08:31:00.000-04:00It is *VERY* entertaining here!So instead of "look...<I>It is *VERY* entertaining here!</I><BR/><BR/>So instead of "looking out the great unwashed masses" [sic], you choose to belittle and incite them. Thanks for clarifying, just in case anybody might have thought you were here for serious discussion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161692106876719332006-10-24T08:15:00.000-04:002006-10-24T08:15:00.000-04:00Yep, I have a job in Rockville and I'm going to bu...Yep, I have a job in Rockville and I'm going to buy a new house just north of Cumberland, MD because it is cheaper to buy a house up there.<BR/><BR/>Never mind the fact that I'll be spending five hours a day in my car (barring delays due to weather and collisions). Cost of goods sold is the ultimate factor in determining what house to buy, and where to buy it. Costs of both material and labor have fallen, so I'm building in Cumberland.<BR/><BR/>Perhaps I can get a job at a strip mall in Cumberland and reduce my commute by about 20 hours per week. <BR/><BR/>Location, Location, Location!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161691155215287702006-10-24T07:59:00.000-04:002006-10-24T07:59:00.000-04:00Robert said:"You could probably find an argument t...Robert said:<BR/>"You could probably find an argument that the builder could let go of one or two houses for “cost” and still bring in an ok profit."<BR/><BR/>So Robert, you believe that if one sells something for what it cost them to make it available for sale that they are still making an "ok profit"? You also earlier stated that you believed that because of inflation one would make a return on the money sitting in their pocket. And despite myself and others at various times explaining to you why you can make a good purchase under any market conditions, you continue to misconstrue what I have said by taking it out of context. Good luck finding something ... Especially at the 70% discount that you earlier said most properties should sell at. You're going to need it.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161666168494539172006-10-24T01:02:00.000-04:002006-10-24T01:02:00.000-04:00Lance said... “CAZY G, The cost of materials to co...Lance said... <BR/>“CAZY G, The cost of materials to construct a house is one of the least important factors in determining its price. The scarcity of the land…”<BR/><BR/>Great, the “not making any more land” spiel. <BR/><BR/>Anywho Crazy G, the point you bring up is relevant, but more so to the small “independent” builders. Ones that put up a dozen or so houses a year, depending on how rural/suburban the location. Yea, their pockets might be deeper than yours, but not as deep as the builder who is putting in 100+ houses per subdivision. You could find the break even point for these guys, well, in the ball park anyway. Tax records/permits are easily had and for Maryland, you can find mortgage info online. <BR/><BR/>After “XXX” number of days on the market, and if the builder is exposed (6 or so houses still on the market), this makes for some leverage. You could probably find an argument that the builder could let go of one or two houses for “cost” and still bring in an ok profit.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161657235752072282006-10-23T22:33:00.000-04:002006-10-23T22:33:00.000-04:00"If the bubbleheads are A) wrong and B) not listen..."If the bubbleheads are A) wrong and B) not listened to by anybody anyway, then why do you care enough to spend your time commenting on this blog?"<BR/><BR/>It is *VERY* entertaining here!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161641132057678672006-10-23T18:05:00.001-04:002006-10-23T18:05:00.001-04:00joe hennessey,If the bubbleheads are A) wrong and ...joe hennessey,<BR/><BR/>If the bubbleheads are A) wrong and B) not listened to by anybody anyway, then why do you care enough to spend your time commenting on this blog?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1161639760168131032006-10-23T17:42:00.000-04:002006-10-23T17:42:00.000-04:00Crazy G said: "Crazy G. predicts, that in a short...Crazy G said: "Crazy G. predicts, that in a short time, you will be able to build a house cheaper than buying existing stock, of builder inventory...."<BR/><BR/>Sounds great Crazy G! I want to build a new house on Reservoir Road in DC. Actully, anywhere in Georgetown will be fine. How do I get started?Anonymousnoreply@blogger.com