Sunday, November 05, 2006

Crazy

:)


Here are the five stages of the Bay Area housing grief:
1. Housing bubble? What housing bubble? A national severe price distortion (in housing) seems most unlikely in the United States. (Alan Greenspan, October 2004)

2. Theres a little froth in this market, but we dont perceive that there is a national bubble. (Alan Greenspan, May 2005)

3. Housing is slumping, but despite what you hear from some of the Eeyores in the analytical community, a recession is not visible on the horizon. (Richard Fisher, president of the Federal Reserve Bank of Dallas, August 2006)

4. Well, that was a lousy quarter, but I feel good about the U.S. economy, I really do. (Henry Paulson, the Treasury secretary, last Friday)

5. Insert expletive here.
And for those who prefer something a little closer to home, click here.

5 Comments:

Blogger vfsv said...

Silicon Valley's reported median prices appear to be holding up but we increasingly see evidence of manipulation of the data.

We see it in our own neighborhood:
http://www.viewfromsiliconvalley.com/id277.html

and also in reported county-wide stats:
http://www.viewfromsiliconvalley.com/id125.html

Keep checking
www.viewfromsiliconvalley.com for all the latest numbers and news.

Thanks!

Nov 5, 2006, 8:00:00 PM  
Anonymous sippn in Sacramento said...

All I read was a lot of whining that the sellers made money. Whats your point? The manipulation of data (days on the market) have always been reset upon relisting.

Nov 5, 2006, 8:14:00 PM  
Anonymous Anonymous said...

US HOUSING?...Let IT "ROT on the LOT" until AT LEAST the end of 2nd quarter of 2007 !

We AREN'T living under Bridges and DON'T have to buy this Over-Priced CRAP !

Nov 6, 2006, 4:39:00 AM  
Anonymous marinite said...

I just noticed that video doesn't work in IE. It works fine in Firefox which is what I use. I'll try and see if I can fix it when I get home tonight.

Nov 6, 2006, 10:30:00 AM  
Blogger tigerjim14 said...

Wow so true...many of my friends are taking a bath in NoCal and SoCal This is a great post here...I could not agree more! Dedicated to inform the public on real estate issues. Keep up the great work!

Nov 14, 2006, 6:22:00 AM  

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