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Most of the media is talking about the not seasonally adjusted numbers, which increased. The seasonally adjusted numbers declined just a bit, but are improving. See both at:
Stabilization during the selling season at least historically has meant that the worst is over and prices will decline a modest amount in real terms during the off-season for the next few years.
Location: Georgia, on the Florida line, right above Tallahassee
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Is it improving like the unemployment/foreclosure/bank failure rate? Just curious if it matches those others as well.
Real estate is not at the bottom in Seattle. It just keeps getting worse. I'm talking commercial real estate. The single family home sell ratio had an uptick. It's summer....whaddya know. The condo market is still so bad, they're talking about converting many to "low income" homes. "Bout freakin' time. Low income here is 46,075 a year, by the way.
The commercial real estate market here is taking a beating, and pretty soon, unless something drastic happens, I see a lot of commerical real estate companies going bankrupt. They're having a real hard time getting loans, when their value has went kaput.
After the last recession it took housing around 8 - 10 years to really recover. No-one is talking about going back to the boom times. What we are looking for is evidence that we are pretty much at the bottom and beginning the long and arduous climb back.
Before the pumpmonkeys all jump up and down and pee their pants in glee, a quick read of Bill McBride's comments on seasonal adjustments to the Case-Shiller numbers is in order:
After the last recession it took housing around 8 - 10 years to really recover. No-one is talking about going back to the boom times. What we are looking for is evidence that we are pretty much at the bottom and beginning the long and arduous climb back.
The last recession wasn't caused by a debt implosion and financial system collapse. The last time we saw that was GD I, and it took a lot longer than 8-10 years to recover. It was more like 25 years.
I know a lot of successful people and none are negative and lack hope. Ever. They know things are never perfect for one and that within each problem lies an opportunity. It's sort of game to out create the problems life throws at you. And, of course, if you're winning the game what's there to make you feel negative?
Just that info alone should make it easy to figure out who the winner's in life are whether out in the real world or on the internet.
That's why I preach to my kids to avoid negative people like the plague. Any idiot can see the reason why something can't work, but success is reserved for those to focused on achieving to notice all those reasons why they should fail.
The last recession wasn't caused by a debt implosion and financial system collapse. The last time we saw that was GD I, and it took a lot longer than 8-10 years to recover. It was more like 25 years.
So nothing to do with the Savings and Loans failure then. There are plenty of parallels between this recession and the one at the end of the 1980s including failure of a major component of the financial system (which was also bailed out by govt.) and a collapse in property values. There are far fewer parallels with the GD.
I know a lot of successful people and none are negative and lack hope. Ever. They know things are never perfect for one and that within each problem lies an opportunity. It's sort of game to out create the problems life throws at you. And, of course, if you're winning the game what's there to make you feel negative?
Just that info alone should make it easy to figure out who the winner's in life are whether out in the real world or on the internet.
That's why I preach to my kids to avoid negative people like the plague. Any idiot can see the reason why something can't work, but success is reserved for those to focused on achieving to notice all those reasons why they should fail.
Tons of opportunity out there. Not just opportunity to make money but also opportunity to take advantage of depressed values and prices.
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