Just out of curiosity, why no reference to Case Shiller and the fact that it just went positive (even seasonally adjusted) for the first time in 3 years?
because this blog is not a cheerleader for the real estate market. We leave that for the National Association of Realtors.
The name of this blog is National Bubble. We point out the bubble economy. If you want to believe that we can go back to the bubble days, I recommend you talk to your local realtor
I dont believe that we will re-bubble or really even recover. But it does seem pretty clear we very well could be at bottom. Is it customary to just ignore news you dont like?
this is NOT a news site, it is a blog.
if you want news, go to cnn, cnbc, or fox news. this is an opinion site and I choose the topics, the same way the realtors choose what they want to cover. If I thought that the change in the shiller report was indicative of a bottom, I would say so. But I believe this is just a dead cat bounce effect the same way that “cash for clunkers” is not going to save the auto industry. If you have the government paying people to buy homes, of course you’ll see a bounce but at the end of the day, people have to be able to afford homes without money from the federal government.
Nah - like you said, this site has its spin, NAR has its spin. I find it amusing to view sites like NAR to see them ignore bad news, and your site to see you ignore good news.
Neither is reality. They are escapism. Good clean amusing fun!
August 27th, 2009 at 3:27 pm
Just out of curiosity, why no reference to Case Shiller and the fact that it just went positive (even seasonally adjusted) for the first time in 3 years?
August 27th, 2009 at 3:41 pm
because this blog is not a cheerleader for the real estate market. We leave that for the National Association of Realtors.
The name of this blog is National Bubble. We point out the bubble economy. If you want to believe that we can go back to the bubble days, I recommend you talk to your local realtor
August 27th, 2009 at 5:10 pm
I dont believe that we will re-bubble or really even recover. But it does seem pretty clear we very well could be at bottom. Is it customary to just ignore news you dont like?
August 27th, 2009 at 5:33 pm
this is NOT a news site, it is a blog.
if you want news, go to cnn, cnbc, or fox news. this is an opinion site and I choose the topics, the same way the realtors choose what they want to cover. If I thought that the change in the shiller report was indicative of a bottom, I would say so. But I believe this is just a dead cat bounce effect the same way that “cash for clunkers” is not going to save the auto industry. If you have the government paying people to buy homes, of course you’ll see a bounce but at the end of the day, people have to be able to afford homes without money from the federal government.
August 27th, 2009 at 9:25 pm
“this is an opinion site and I choose the topics, the same way the realtors choose what they want to cover.”
Very true. So now I know there are 2 types of sites to avoid:
(1) NAR sites who do nothing but boost and cheer and ignore reality and
(2) this site which posts nothing but doom and gloom and ignore reality.
Thanks for cleaning that up for me!
August 28th, 2009 at 12:47 am
the reality is that our economy almost collapsed into the 2nd Great Depression you moron. Is that enough doom and gloom for you?
September 4th, 2009 at 3:10 pm
And yet, case shiller shows the prices arent going down anymore. Oh how sad for you!!!!
September 4th, 2009 at 4:15 pm
and yet, you said you were going to avoid my site but keep coming back over and over again. Go figure. You must be masochistic.
September 6th, 2009 at 2:23 pm
“You must be masochistic.”
Nah - like you said, this site has its spin, NAR has its spin. I find it amusing to view sites like NAR to see them ignore bad news, and your site to see you ignore good news.
Neither is reality. They are escapism. Good clean amusing fun!
September 6th, 2009 at 4:15 pm
it looks like we finally agree on something.