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Old 02-27-2009, 07:58 PM
 
Location: Sputnik Planitia
7,262 posts, read 10,193,108 times
Reputation: 8087

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YouTube - History of Housing Prices Chart - *SHOCKING* You Need To See This!
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Old 02-27-2009, 08:20 PM
 
Location: Wouldn't you like to know?
9,115 posts, read 16,548,088 times
Reputation: 3713
Its what I've been harping to certain realtors for over a year.

Its all about historicals......
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Old 02-27-2009, 08:22 PM
 
Location: Virginia
931 posts, read 3,612,740 times
Reputation: 447
Did you have a question about the video? Why type of discussion are you looking to start?
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Old 02-27-2009, 08:26 PM
 
Location: Wouldn't you like to know?
9,115 posts, read 16,548,088 times
Reputation: 3713
Quote:
Originally Posted by oleo View Post
Did you have a question about the video? Why type of discussion are you looking to start?

That what Obama and the Barney Franks are trying to do is artificially kill the market.

Homes need to come down still to historicals, but stubbornly, O thinks he can stop it.

All he is doing will slow the slide....govco can't "make everyone win" in this...

He is doing more damage than good unfortunately.
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Old 02-27-2009, 08:39 PM
 
1,592 posts, read 3,325,668 times
Reputation: 1162
Just replacing one bubble with another (eg., dot.bomb, sub-prime, and now massive gov't spending). Wake-up, America! Bring back jobs by reducing all trade barriers, including labor costs! Its a global economy, now -- we can't roll back the clock -- we can't be the world's commerce police (just as much as we can't be the world's policeman)!
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Old 02-27-2009, 09:41 PM
 
3,752 posts, read 4,979,614 times
Reputation: 4809
I can't believe I voted for that idiot.
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Old 02-27-2009, 09:59 PM
 
19,363 posts, read 17,497,032 times
Reputation: 7523
The only way out of it was to allow inflation to bring down housing prices in real terms as well as have housing come down in price. Unfortunately housing was the main producer of inflation since that was where all the loans were coming from. So the only thing that would inflate and did inflate was housing. As it is now I still do not see a thing in sight except defaults and deflation and housing continuing to slide. Unless they want to reform the monetary system....I didn't think so...
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Old 02-27-2009, 10:16 PM
 
3,219 posts, read 6,155,600 times
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Quote:
Originally Posted by trishguard View Post
I can't believe I voted for that idiot.
He makes "Slick Willie" (Clinton) look like a saint in comparison.
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Old 02-27-2009, 10:56 PM
 
3,852 posts, read 12,238,641 times
Reputation: 2522
Very interesting chart basically what beck is saying is that the median needs to go somewhere between 80-120k. 80k being a great depression level prices and 120k being a modest decline. Right now the median is at 180k, adjusted for inflation. So we need about another 30% decline in the median at least.
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Old 02-28-2009, 12:02 AM
 
276 posts, read 638,034 times
Reputation: 120
Quote:
Originally Posted by killer2021 View Post
Very interesting chart basically what beck is saying is that the median needs to go somewhere between 80-120k. 80k being a great depression level prices and 120k being a modest decline. Right now the median is at 180k, adjusted for inflation. So we need about another 30% decline in the median at least.
Another way of looking at this is that housing prices need to fall below the level prior to the beginning of the boom. That means we'll fall to around 1999 to 2000 level prices. This will certainly stop the abundance of credit that was available on the market.
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