Home sellers Find the data doesn't reflect their woes
#1
Posted 12 January 2007 - 08:02 AM
#2
Posted 12 January 2007 - 09:09 AM
http://stockcharts.com/c-sc/sc?s=$HGX&p=W&yr=3&mn=6&dy=0&i=p35086960010&a=91715896&r=694.png
#3
Posted 12 January 2007 - 09:51 AM
#4
Posted 12 January 2007 - 02:59 PM
Go figure.
Has he drawn up his resume?I have a good friend who is in charge of my state for a major real estate company (mostly corporate not housing) and he told me recently, real estate is toast by 2010.
He has always been correct in the past. He has been in the business for over 20 years.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#5
Posted 12 January 2007 - 03:05 PM
#6
Posted 12 January 2007 - 03:14 PM
Any particular reason(s)? After all, shelter is not in the same category of, let's say, semiconductors.Another friend was there in banking who has called every market cycle I can remember. He concurred.
Also, what degree of "toast" are we talking about? (I like mine "slightly" )
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#7
Posted 13 January 2007 - 08:54 AM
Any particular reason(s)? After all, shelter is not in the same category of, let's say, semiconductors.Another friend was there in banking who has called every market cycle I can remember. He concurred.
Also, what degree of "toast" are we talking about? (I like mine "slightly" )
Fib
I got the impression burnt toast. You have to understand I have never seen this guy negative about real estate. My banking friend called the 2003 lows in stocks but was negative in 2000 he is in charge of private client groups for a large bank.
And I agree this isn't semis but real estate. They are different cycles.
#8
Posted 13 January 2007 - 04:28 PM
I just find it odd when anyone who has the experience that your friends have in this, or any other field, in why they aren't preparing some sort of exit strategy well before the rest of us find out which side this "toast" is actually buttered. In Manhattan, for example, real estate prices are more than firm, and may be due for some sort of normal correction, but "burnt toast"?I got the impression burnt toast. You have to understand I have never seen this guy negative about real estate.
Maybe it's all the constant negative talk from many of the pundits that are convincing these same people, on an emotional basis, from being objective in their own personal forecasts? This can happen to the best of us. Just a thought.
I for one would be interested in why their thought process are this negative. Maybe this is something you can ask them directly some time and make a post on it as to what an "insider" believes the problems are that would cause such a forecast, and to what markets these same forecasts are based on? Getting this kind of fundamental input, in relation to the actual technical conditions of those same markets, can present a wealth of information not found in any type of media.
Best
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#9
Posted 13 January 2007 - 05:08 PM
I just find it odd when anyone who has the experience that your friends have in this, or any other field, in why they aren't preparing some sort of exit strategy well before the rest of us find out which side this "toast" is actually buttered. In Manhattan, for example, real estate prices are more than firm, and may be due for some sort of normal correction, but "burnt toast"?I got the impression burnt toast. You have to understand I have never seen this guy negative about real estate.
Maybe it's all the constant negative talk from many of the pundits that are convincing these same people, on an emotional basis, from being objective in their own personal forecasts? This can happen to the best of us. Just a thought.
I for one would be interested in why their thought process are this negative. Maybe this is something you can ask them directly some time and make a post on it as to what an "insider" believes the problems are that would cause such a forecast, and to what markets these same forecasts are based on? Getting this kind of fundamental input, in relation to the actual technical conditions of those same markets, can present a wealth of information not found in any type of media.
Best
Fib
Fib,
Is this what you're looking for:
http://www.traders-t...?...88&hl=prime
Defenders of the status quo are always stronger than reformers seeking change,
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.
#10
Posted 13 January 2007 - 05:19 PM