Friday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Off-topic comment? Interesting link?
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Head over to the forums, or click here for open threads.
10 comments:
"The housing market is looking sicker by the day":
http://www.businessweek.com/investor/content/sep2006/pi20060907_654501.htm?chan=top+news_top+news+index_top+story
Yawn; another generalized national number. How about posting local numbers.
coffee is for closers
Haha... I had to order Glengarry Glen Ross on Netflix a few weeks ago - so appropriate. No coincidence it was released to theaters in 1992.
It looks like news of the bubble burst has even made it to the political cartoonists.
Please chk this out!
http://money.cnn.com/2006/09/08/news/economy/recession.reut/index.htm?postversion=2006090811
Here's a better link:
How Low Will Real Estate Go?
Seattle
Median Price 2016: $612,383
The company bases its forecasts on an econometric model that looks at the relationship between prices and various factors that have historically driven supply and demand in these markets. The intricate formula was proved to work when compared with actual house-price performance through the early 1990s, a period when home prices rose and then fell sharply.
Forget economic fundamentals, that chart convinced me! I'd better buy now or be priced out forever!
Let's try that agian:
How Low Will Real Estate Go?
Seattle
From the same Forbes article:
San Diego
Does that comfort you?
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