Comments on: Not really so different here

By: Kazelmha

Kazelmha — Sat, 27 Sep 2008 05:46:23 +0000

Hi webmaster!

By: erica

erica — Fri, 26 Sep 2008 04:59:20 +0000

Find an record at least 5 different numbers you could count by so the somewhere in the count you would reach 400

By: jumptheshark

jumptheshark — Thu, 11 Sep 2008 04:20:45 +0000

and we’ve jumped the shark. Next venture?

By: Clotpoll

Clotpoll — Thu, 11 Sep 2008 02:59:40 +0000

JBJB (389)-

How hard are you weighting price/sf in your calculations?

Pardon my bluntness, but price/sf is useless for residential RE.

By: Confused In NJ

Confused In NJ — Thu, 11 Sep 2008 02:34:15 +0000

Russian strategic bombers in Venezuela, Interesting.

By: JBJB

JBJB — Thu, 11 Sep 2008 02:32:41 +0000

Well, some annoying anecdotal evidence. I crunched the numbers for closings in August in our neighborhood in NE Monmouth. While DOM’s are way up and OLP’s are down somewhat, average % off OLP came in at a whopping 3% over a 21 closings for Aug (was 7% in July, and 12% in June). Avg. selling price/sq.ft is down only a few percent vs last year. In a nutshell, the average move in ready 4 br, 2 ba CHC on ~.5 acre was selling for around 625K last year, now selling for around 610K, but still selling. I know prices are sticky on the way down, but the rate of price decrease seems to be waning. I do believe there is some price erosion not showing up in the selling prices as a result of seller upgrades and fixes that previously would have been passed on. This has been confirmed by my realtor who is telling me that only truly move in ready homes sell quickly at or near OLP. She mentioned one client who listed at 675, couldn’t sell, put 30k in to kitchens and baths and sold for close to 675K.

Anywho, we’ll keep renting, waiting, and saving.

By: Pat

Pat — Thu, 11 Sep 2008 01:55:57 +0000

We tried to go there last week, but there was an accident on the bridge. We were warned to wait. I’ve been checking out some places for October, though.

Anybody know anyone with oceanfront, Dewey, Rehoboth, etc.?

By: d2b

d2b — Thu, 11 Sep 2008 01:54:10 +0000

Bethany Beach DE is pretty cool if you want a laid back vacation. Cool little main street, uncrowded beaches.

By: Pat

Pat — Thu, 11 Sep 2008 01:49:10 +0000

Stu, if you and L want to have a nice little vacation in MD, it’s yours..for a remote programming fee.

You’ll have your pick of horseback riding, biking, golf and generally weird country life. Everybody will know your name on day one. When I drive down the main street and out into the farmlands and country lanes, I can hear munchkins singing.

For the last few weeks, my dear H has attempted to program the remote(s).

We are down to two or three. And that’s with our stereo still in boxes somewhere.

By: guest13

guest13 — Thu, 11 Sep 2008 01:33:38 +0000

k -no worries.. the losses are so huge anyway that there is no need to exagerate them.

By: Stu

Stu — Thu, 11 Sep 2008 01:26:47 +0000

And there’s the 2-run homer. Can someone put some rat poison in his gatorade bottle already?

By: kettle1

kettle1 — Thu, 11 Sep 2008 01:24:49 +0000

i am not trying to calculate the exact value. if i was being to general i apologize. the point remains we are looking at trillions in loses without accounting for the leverage involved. i will leave the accounting to the exprts, of which i am not.

oh and doesnt piss you off when you go to the freezer and find and empty bottle of vodka!!! not even a back up bottle in the pantry!!!!

now i am annoyed!!!!

By: Stu

Stu — Thu, 11 Sep 2008 01:24:12 +0000

Nice. Heilman comes in to relieve Pelfry. First thing he does is walk a .160 hitter to start the inning. I liked Heilman a lot more when he doesn’t play.

Anyone wanna see Rutger’s tommorow night at UNC? I have an extra ticket.

By: guest13

guest13 — Thu, 11 Sep 2008 01:05:16 +0000

kettle – i got a confused by that last example..

let’s use your numbers:
total home values= 20trn
total MBS = 6trn

that would mean that in total there is 14trn of equity in the RE market. logical, no?

If home prices dropped by 50% it would not even start to eat into the value of MBS.

of course its not that simple.. equity is not uniformly distributed and recent vintage mortgages do get hit when home values drop.

more later if i can

By: Clotpoll

Clotpoll — Thu, 11 Sep 2008 01:00:14 +0000

jack (366)-

Old news.