tag:blogger.com,1999:blog-13164186.post4450434377074283214..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Karl Case on the housing market outlookDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-13164186.post-67760874065881490012009-03-29T11:25:00.000-04:002009-03-29T11:25:00.000-04:00Statistics got us into this problem -- and could k...Statistics got us into this problem -- and could keep us here.. No one buys a "national " house -- it is all local -- and each market is very different. Buying in SF or Boston is very different from Phoenix... 48% of foreclosures are in four states -CA FL AR NV -- because they had by a wide margin much higher price appreciation. How many have noted NYT report last month that housing affordability is at its HIGHEST level --since 1971 !!!! <BR/>Now since most economists felt this run-up could go on forever -- I take their continuing pessimism with great skepticism -- now we should believe them? There will be a lots positive surprises this summer and fall...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-80143973073066770482009-03-22T23:25:00.000-04:002009-03-22T23:25:00.000-04:00Case should listen to Lance :-)Case should listen to Lance :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-33469318121951970832009-03-22T20:38:00.000-04:002009-03-22T20:38:00.000-04:00I'm pro-immigration, but letting home prices fall ...I'm pro-immigration, but letting home prices fall is a good thing. There's a housing bubble!Jameshttps://www.blogger.com/profile/15243567377599238583noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-89895799245989425652009-03-22T09:47:00.000-04:002009-03-22T09:47:00.000-04:00Have you read the piece about one solution to solv...Have you read the piece about one solution to solving housing problem? Let foreigners immigrate to america to buy them. It's an interesting piece, though I suspect it will raise lots of operational issues for administering. It's still better than watching home prices falling and falling.chrispycrunchhttps://www.blogger.com/profile/06508448472827541229noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-73218093582870473282009-03-21T13:24:00.000-04:002009-03-21T13:24:00.000-04:00Case has been a bit mercurial for a while...Here h...Case has been a bit mercurial for a while...Here he is calling bottom (in 09) just two months ago.<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601206&sid=aPHG5j9o577o<BR/><BR/>I liked him alot more when he was just this mythic figure who called bubble. Now, after all these bottom - no bottom - bottom - no bottom calls, Im beginning to think these guys dont know more than the rest of us do.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-48789271302601947472009-03-21T12:08:00.000-04:002009-03-21T12:08:00.000-04:00What Case is actually saying is that the housing d...What Case is actually saying is that the housing decline is now secondary to overall economic decline.<BR/><BR/>As far as being over-optimistic a year ago ... No one knows what is going on. Sure, there are a lot of who, in hindsight, saw this but it's kind of meaningless. You get enough monkeys typing away....Anonymousnoreply@blogger.com