Wednesday 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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4 comments:
"What Statistics on Home Sales Aren’t Saying"
From the NYT. Best article explaining what is really going on I have seen in a while
Link
Dear Andy, And real estate market watch experts, Seattle will never be a Florida, or a typical real estate market. Why? Is it because Seattle is #3 on the major city appreciation list? Why, Jobs, and more jobs? It's a knowledge based economy, and it has the California affect. While Florida is predominately a tourist economy. I have written about this recently on my Seattle Real Estate Blog, trying to understand the real estate bubble. I was part of the Tech Bust, and wanted to not create one in real estate. I don't want to promote just for promotions sake, it's important to spread the truth.
I thank the previous poster about the truth and lack of truth in Statistics. Numbers are easily manipulated, and major news papers, need to sell newspapers to be major:-). So making smart decisions requires research, and usually economies are based on many factors and most important factor based on my assesment is jobs and quality of jobs, and Seattle has many of them.
"It's a knowledge based economy, and it has the California affect."
You mean this California Effect:
Most likely to recede
The PMI Risk Index measures the likelihood of a price decline over the next two years.
Metro area | Risk for decline
Boston, MA 53%
San Jose, CA 53%
San Francisco, CA 48%
San Diego, CA 43%
Providence, RI 40%
Sacramento, CA 37%
New York, NY 36%
Los Angeles, CA 36%
Riverside/San Bernardino, CA 32%
Detroit, MI 27%
Mytypes:
Can you tell us a little bit about inflation-adjusted wages of all these jobs and how they compare to the growth in home prices? Do they correlate?
How about some data on population, number of homes, and average family size? This helps to get our heads around supply and demand.
Please, share the results of all your research.
Thanks.
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