Jan 2008 real estate data -- Fairfax County prices down 13% since last year (Arlington: condo, loans)

[normie]

Originally Posted by mojo_1979

Oh and one more thing, don't be so sure that there are many people that "have a far better understanding of mathematics and statistics" than I do... My Ph.D., from a very well respected University, says otherwise.

Originally Posted by mojo_1979

Rest assured Normie, that for somebody who is in their 20's, I am very comfortable and able to live and save/invest well too.

OMG it's Doogie Howser! It isn't often you run into someone who has already "earned a Ph.D., from a very well respected University" and is still in his 20's.

What's even more rare is to run into someone with that level of education who has not learned basic grammar and spelling. A person with a doctorate usually has better writing habits and would automatically say "somebody who is in his 20's." A person with a doctorate usually knows how to spell words like delusional, too:

Originally Posted by mojo_1979

My point is that it is not a buyers market because sellers are still dillusional about what their house is "worth".

In the past you've also mentioned your job and successful investment portfolio. I must say I'm impressed, those things take up a lot of time for us normal people. Wow, you have a Ph.D., a high-paying job, etc. .. and you still have time to write lots and lots of posts for us. Your mojo must be powerful stuff, indeed.

[Fern435]

Originally Posted by normie

OMG it's Doogie Howser! It isn't often you run into someone who has already "earned a Ph.D., from a very well respected University" and is still in his 20's.

What's even more rare is to run into someone with that level of education who has not learned basic grammar and spelling. A person with a doctorate usually has better writing habits and would automatically say "somebody who is in his 20's." A person with a doctorate usually knows how to spell words like delusional, too:



In the past you've also mentioned your job and successful investment portfolio. I must say I'm impressed, those things take up a lot of time for us normal people. Wow, you have a Ph.D., a high-paying job, etc. .. and you still have time to write lots and lots of posts for us. Your mojo must be powerful stuff, indeed.

Wow. You give pedantic lessons on manners, yet you dish this out.

[Tone509]

Let's play nice, people, and get back to topic.

[lchoro]

Originally Posted by mojo_1979

Would you care to cite your sources on these statistics?

Just click on month and year for PDF file with the charts and commentary.

Economic Indicators - Fairfax County, Virginia

New home sales for detached homes have dropped off by almost 75 percent since the peak. What you have left of the market is expensive custom homes catering to those buyers who can put up substantial cash down payments.

[ariadel]

This observation is anecdotal, but telling.

I've witnessed two brand new developments spring up in the last year, one a block from my work and one a block from my apartment. These are both high-end townhouses, huge and beautiful. Six months ago, my mother went to ask about pricing for one of them - homes started at 590k. Now that development is starting prices in the 300s. Complex number two originally advertised on its billboard 'luxury townhomes from the 600s.' That billboard has been changed in the past three months, and now reads 'luxury townhomes from the 400s.'

I currently live and work near the Fair Oaks Mall, to give you an idea of the neighborhoods I'm talking about. New home prices (at least for townhomes) are falling before my eyes.

Still to expensive for me, but I would give my right arm to own one of those extra spiffy townhomes. Hehe.

[normie]

Originally Posted by walkingnoelle

Wow. You give pedantic lessons on manners, yet you dish this out.

LOL, you're right. My apologies.

[mojo_1979]

Originally Posted by normie

OMG it's Doogie Howser! It isn't often you run into someone who has already "earned a Ph.D., from a very well respected University" and is still in his 20's.

Perhaps you should get out more Normie. How old do you think most people are when they receive a Ph.D.? 4 years for an undergraduate degree, 2 years for a Masters, and then typically another 2 to 3 years for a Ph.D. That's 8-9 years total. Why then do you suppose it is so difficult for a 29 year old to have a Ph.D.? In fact, most people who earn a Ph.D. typically do so before their 30th birthday.

Originally Posted by normie

What's even more rare is to run into someone with that level of education who has not learned basic grammar and spelling. A person with a doctorate usually has better writing habits and would automatically say "somebody who is in his 20's." A person with a doctorate usually knows how to spell words like delusional, too

Since it concerns you so much, I will admit that I don't bother running a spell check when typing on a bulletin board. Nor do I claim to have a Ph.D. in English or Literature.

Originally Posted by normie

In the past you've also mentioned your job and successful investment portfolio. I must say I'm impressed, those things take up a lot of time for us normal people. Wow, you have a Ph.D., a high-paying job, etc. .. and you still have time to write lots and lots of posts for us. Your mojo must be powerful stuff, indeed.

I'm not sure I see any real point to this comment of yours. Yes, I have a good job that I enjoy. Unlike yourself Normie, I've never posted my salary on this forum. It was you who posted that you make $300k+ per year. Perhaps you realized how foolish you sounded, because you quickly edited your comment and removed your salary claims a few days after the fact.

For the record, I've never stated anything about my investment portfolio. I simply stated that I am happy with my investments and that I have the freedom to invest a good portion of my income because I chose to rent a home at half the price of buying one, leaving me extra money to invest each month.

Overall, I fail to see why these things are so hard for you to grasp?

[mojo_1979]

Originally Posted by walkingnoelle

Wow. You give pedantic lessons on manners, yet you dish this out.

Normie has done nothing but spew personal attacks towards me ever since I started posting the Northern VA real estate statistics. He doesn't like the message (i.e. falling home prices) so he attacks the messenger.

[Yac]

If You (all of you) don't stop with personal trips and get back on topic right now, this thread will be closed and infractions will follow.
Yac.

[mojo_1979]

Originally Posted by Yac

If You (all of you) don't stop with personal trips and get back on topic right now, this thread will be closed and infractions will follow.
Yac.

I second that... I would much rather debate the home sales data that I'm posting!

The February home sales statistics for Northern VA will be available around the 10th of March. I will post them as soon as I can and look forward to another spirited debate.