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Old 11-03-2009, 11:56 AM
 
1,347 posts, read 2,449,312 times
Reputation: 498

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Quote:
Originally Posted by olecapt View Post
Yeah we agree. MNBNR will do much better with the Soprano approach. Take some bit out of context and dwell on it. Ignore any real issues so that your lack of knowledge will be less apparent.

Just watch Tony. He is quite good at it.
MNBNR, get used to this as well. I call it the the olecapt shuffle.
  1. When reminded how horribly wrong he was with one of his previous statements, he will deny that he ever said it.
  2. When the aforementioned horribly wrong statement is quoted, he will claim that he was taken out of context.
  3. When the supporting posts are then provided to give the exact context of his horribly wrong statements, he will either not respond at all, or exclaim that no one could have foreseen what was going to happen.
  4. Lather, rinse, and repeat for any number of things that he has just been flat out wrong about with the economy in general and the Vegas housing market in specific.
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Old 11-03-2009, 12:00 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,215,465 times
Reputation: 2661
Quote:
Originally Posted by tony soprano View Post
MNBNR, get used to this as well. I call it the the olecapt shuffle.
  1. When reminded how horribly wrong he was with one of his previous statements, he will deny that he ever said it.
  2. When the aforementioned horribly wrong statement is quoted, he will claim that he was taken out of context.
  3. When the supporting posts are then provided to give the exact context of his horribly wrong statements, he will either not respond at all, or exclaim that no one could have foreseen what was going to happen.
  4. Lather, rinse, and repeat for any number of things that he has just been flat out wrong about with the economy in general and the Vegas housing market in specific.
As I said you are good at it. Keep changing the subject to BS you picked before.

That allows you to avoid speaking to the current context.

October will be out in the next couple of days. Tell us what you believe it will say...and what that means...YOu won't of course. That would mean actually taking a position.
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Old 11-03-2009, 12:18 PM
 
1,347 posts, read 2,449,312 times
Reputation: 498
Quote:
Originally Posted by olecapt View Post
As I said you are good at it. Keep changing the subject to BS you picked before.
Yeah, I'd want to forget some of your previous gems too.
Quote:
That allows you to avoid speaking to the current context.

October will be out in the next couple of days. Tell us what you believe it will say...and what that means...YOu won't of course. That would mean actually taking a position.
You'll also notice his flagging memory as every couple of months he'll ask what my position is on the housing market and I have to remind him that I've already told him.

http://www.city-data.com/forum/9419563-post1314.html
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Old 11-03-2009, 12:30 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,215,465 times
Reputation: 2661
Quote:
Originally Posted by tony soprano View Post
Yeah, I'd want to forget some of your previous gems too.You'll also notice his flagging memory as every couple of months he'll ask what my position is on the housing market and I have to remind him that I've already told him.

http://www.city-data.com/forum/9419563-post1314.html
So your response to what is happening in October and under active discussion is "See June"

Classic Soprano...
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Old 11-03-2009, 12:36 PM
 
1,347 posts, read 2,449,312 times
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Quote:
Originally Posted by olecapt View Post
So your response to what is happening in October and under active discussion is "See June"

Classic Soprano...
What do I care about a single month? I'll leave the monthly prognostications to you. You've even managed to get that wrong with just a single day left in the month.
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Old 11-03-2009, 12:39 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,215,465 times
Reputation: 2661
Quote:
Originally Posted by tony soprano View Post
What do I care about a single month? I'll leave the monthly prognostications to you. You've even managed to get that wrong with just a single day left in the month.
Ducks again ...that was quarter before last...
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Old 11-03-2009, 12:59 PM
 
1,347 posts, read 2,449,312 times
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Quote:
Originally Posted by olecapt View Post
Ducks again ...that was quarter before last...
Great, so the quarter before last, with but a single day left in May, you said May would show a price increase over April. How'd that work out for you? Here we are six months later and October might draw even with April?

Quack Quack.
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Old 11-03-2009, 01:27 PM
 
9,746 posts, read 11,169,688 times
Reputation: 8488
You just finished writing:

Quote:
Originally Posted by olecapt View Post
..... began to increase substantially in the 2H08. They have been quite strong since often setting all time monthly highs.

And earlier:

Quote:
Originally Posted by olecapt View Post
The insanity is that we continue to ride through a stretch of record or near record demand with stable or falllng price. We have an insatiable demand and still prices hold. If you want to find the weird in this sceanario figure out how prices can be held stable in the face of such demand. It looks like price is roughly stable. Again hard to believe.

So let's try it again (I'm sorry if this is too dull for you): Question to Olecapt: Why is the demand so strong since 2008 (your words not mine) yet the prices are falling??? If you cannot answer such a basic question, then how on earth can anyone trust your professional opinion as to forecast if things are going up, down, or sideways in price???
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Old 11-03-2009, 01:33 PM
 
9,746 posts, read 11,169,688 times
Reputation: 8488
Quote:
Originally Posted by tony soprano View Post
MNBNR, you have to learn to ignore a good bit of what he writes. This is the same guy that was telling people in 2006 that there was no bubble in Vegas real-estate, that there was a significant probability that RE prices would be up 10% from Dec. 2008, that housing prices had to increase when REO inventory fell, etc. It's a shotgun approach of throwing out enough predictions that sooner or later one of them will come to pass.
I got one shoulder blade on the mat, I'm trying to pin the other. I'm waiting for him to say "I give". He doesn't know the answer yet he is trying to come off as the expert. It's not a tough question for a RE expert. It's really not.
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Old 11-03-2009, 01:44 PM
 
1,347 posts, read 2,449,312 times
Reputation: 498
Quote:
Originally Posted by MN-Born-n-Raised View Post
I got one shoulder blade on the mat, I'm trying to pin the other. I'm waiting for him to say "I give". He doesn't know the answer yet he is trying to come off as the expert. It's not a tough question for a RE expert. It's really not.
He believes that prices have been manipulated by lenders.
Quote:
Originally Posted by olecapt
I have been of the opinion right along that the entire bubble burst was artificial and driven by the lenders. Not that the bubble had not begun to deflate...it had. But the bust and the behavior to present is driven by lenders who control the price.
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