Angry Appraiser

http://abacusappraisal.net

8 Comments

    • ON: Thu Sep 11th 20:44 PM
      Commented on:
      NAR's Chief Economist: Totally Clueless
      might be the 997th article i have read on the same topic reiterating the same thing.






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    • ON: Thu Sep 11th 13:42 PM
      Commented on:
      Housing Sales: Another Take On Modeling and Forecasting
      maybe you should ask an appraiser ......
      not a wall street journal reading, overpaid economist....
      or some snot nosed quant, fresh out of Wharton

      we employ quantitative and qualitative analyses.
      technical and fundamental analyses.
      we actually talk to the parties to the transaction...
      we kick the tires.

      I could have told you the real estate market was toast 3 years ago.

      Quants DONT UNDERSTAND reality.....Financial Engineering might be the biggest joke in history.
      500 billion in losses and counting.

      No Monte Carlo analysis can predict human behavior.

      The entire banking system is in CRISIS.

      3 more years of this insanity await us.......no stabilization at least until 2011.

      Imagine if they drug tested the investment banking/dealer trading desks?

      The results would be shocking.

      s
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    • ON: Wed Sep 10th 21:21 PM
      Commented on:
      Housing Prices: Bottom or Temporary Bear Break?
      look for 25% more in value depreciation......

      THE ATM MACHINE IS CLOSED FOR 3 MORE YEARS

      no recovery until 2011
      View article »
    • ON: Wed Sep 10th 21:16 PM
      Commented on:
      Can This Bailout Work?
      CONFIDENCE RETURNS

      WHEN WALL STREET IS DRUG TESTED

      MOST INEPT OVERPAID JOKES ON THE PLANET

      500 BILLION DOLLARS IN LOSSES

      THEY ALL NEED TO BE CALLED OUT FOR THE FAKES THEY ARE!!!!!!
      View article »
    • ON: Wed Sep 10th 21:10 PM
      Commented on:
      Expect the Real Rally by Mid-2009
      the only "bull" is in this article......

      stop trying to be an expert and focus on what you know best.

      repeating statistics, or what some economist says does not constitute a vaild projection of the future.

      safe to say Wall Street is CLUELESS

      500 billion in losses soon to be 1.5 trillion.

      WHERE OH WHERE IS THE RECOVERY????????



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    • ON: Wed Jul 23rd 17:14 PM
      Commented on:
      A Long Housing Boom Won't Yield to a Brief Recovery
      as an appraiser, i dont even want to tell you the illicit "things" i saw INSIDE of mortgage broker offices.......

      many agents/brokers cant even spell or add........

      or even tell you the name of the governer of their state.........

      we wont see ANY market stabilization until at least 2011
      View article »
    • ON: Tue Jul 22nd 13:42 PM
      Commented on:
      Yikes, But Duh: Housing Bottom Could Be Two Years Off
      Listening to a chairman who oversees an institution that has LOST OVER 40 BILLION DOLLARS........is not someone im gonna listen to.

      He's nothing more than a mindless puppet riding on a donkey of destruction.

      SOMEONE WHO HAS NO "WORKING" KNOWLEDGE OF THE REAL ESTATE IS NOT AN EXPERT. Nor can they predict the future.

      EVERY one of these idiots has to BE CALLED OUT.

      Wall Street anoints themselves as the GURUS of Finance when in reality they have created the WORST FINANCIAL DISASTER IN HISTORY.

      ITS BEYOND INSANE.
      View article »
    • ON: Tue Apr 29th 19:33 PM
      Commented on:
      The Usual News: Home Price Data Remains Grim
      rely on statistics and economists and you will get burned

      Case/Schiller is the biggest joke EVER......

      has ZERO connection to REALITY

      using matched pair sales to guage market movement is NOT reliable at all.

      take a look at movement of the DJUSRE since mid march. Dow Jones U.S. Real Estate Index.

      its up over 20%........

      Credit Default Swap prices are also down indicating "fear" level in market is being reduced.

      These are not "GRIM" statistics Heather.

      Reos are selling, Rents are increasing.

      People still need shelter. The DEMAND for housing is only growing.

      S.A. Birnbaum
      Certified Residential R.E. Appraiser


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