willynill

Conservative Property Index Predicts We're Less than Halfway Through Fall

I understand the thing about location, but that doesn't help us home-buyer-dwellers if we don't want to live in that location.


On Nov 09 12:57 PM Location Cubed wrote:

> Mr. White (or should one say Mr. Gloom) is at it again. Unlike whatever
> most commentators on this block sell for a living, real estate is
> location specific. A good example are 2 markets that I'm active in:
> Phoenix has seen a decline of over 45% according to the all-powerful
> Case/Schiller, but the location-specific area that I invest in and
> build homes in has suffered a net-loss of less than 11% and bottomed
> out a year ago (you have to have eyes on the ground at the LOCATION
> to know this). In Boston, while the Quants on this blog keep terrorizing
> the readers with general, half-baked info, my group's investment
> portfolio in downtown has gained 6% in value.(again location-specific
> information that you quants are too lazy or don't have the resources
> or the patience to look at)...
>
> In your world, the sky is falling indeed... and I have a thousand
> graphs with kick-ass trend lines to prove it.