Comments on: Depends on what the meaning of “stable” is… http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/ News & discussion about real estate & the housing bubble in the Seattle area. Sat, 21 Nov 2009 10:02:55 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: “Turmoil,” “Fear,” & “Uncertainty” Bursting Seattle’s Bubble | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area. http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-57868 “Turmoil,” “Fear,” & “Uncertainty” Bursting Seattle’s Bubble | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area. Wed, 01 Oct 2008 00:52:57 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-57868 [...] kidding. Note that even as recently as last October, Moody’s was predicting that Seattle home prices would increase 3% in [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('57868','“Turmoil,” “Fear,” & “Uncertainty” Bursting Seattle’s Bubble | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('57868','“Turmoil,” “Fear,” & “Uncertainty” Bursting Seattle’s Bubble | Seattle Bubble — News & discussion about real estate & the housing bubble in the Seattle area.','[...] kidding. Note that even as recently as last October, Moody’s was predicting that Seattle home prices would increase 3% in [...]',''); return false;">Quote</a></div> [...] kidding. Note that even as recently as last October, Moody’s was predicting that Seattle home prices would increase 3% in [...]
Reply – Quote
]]> By: James http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27084 James Fri, 05 Oct 2007 04:29:19 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27084 I challenge Mr. Woolsey (and anyone who subscribes to his stable assessment) to go to Redfin (or similar map based RE site), zoom in on the Seattle area (area boundaries of your choice), and click on homes at "random". How many look owner occupied? How many look vacant (or flipper staged)? Looks like lots of vacancies to me. Not only is inventory higher than it has been in a while (and climbing), but the type of inventory is worth looking into before any fundamentally sound "stability" assessment can be made.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27084','James',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27084','James','I challenge Mr. Woolsey (and anyone who subscribes to his stable assessment) to go to Redfin (or similar map based RE site), zoom in on the Seattle area (area boundaries of your choice), and click on homes at \"random\". \r\n\r\nHow many look owner occupied? How many look vacant (or flipper staged)? Looks like lots of vacancies to me. Not only is inventory higher than it has been in a while (and climbing), but the type of inventory is worth looking into before any fundamentally sound \"stability\" assessment can be made.',''); return false;">Quote</a></div> I challenge Mr. Woolsey (and anyone who subscribes to his stable assessment) to go to Redfin (or similar map based RE site), zoom in on the Seattle area (area boundaries of your choice), and click on homes at “random”.

How many look owner occupied? How many look vacant (or flipper staged)? Looks like lots of vacancies to me. Not only is inventory higher than it has been in a while (and climbing), but the type of inventory is worth looking into before any fundamentally sound “stability” assessment can be made.

Reply – Quote
]]> By: The Tim http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27052 The Tim Thu, 04 Oct 2007 18:30:16 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27052 "Be Consistent," you're funny.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27052','The Tim',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27052','The Tim','\"Be Consistent,\" you\'re funny.',''); return false;">Quote</a></div> “Be Consistent,” you’re funny.
Reply – Quote
]]> By: Be Consistent http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27050 Be Consistent Thu, 04 Oct 2007 18:11:28 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27050 There you go again - you can't have it both ways. I've read it in the past and you've agreed that your analysis is based on King County - not Seattle. If you did your analysis on only in city desirable neighborhoods this site wouldn't amount to much. Seriously - either change the name of your blog to King County Bubble or be consistent in talking about just the city. You can't have it both ways. Although I guess you have to try to keep your "theory" above water. Really, I'm sorry you live in the sticks too but you don't have to be mad at all of the folks who live in great in city neighborhoods. Enjoy your next conversation with Tim Eyman.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27050','Be Consistent',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27050','Be Consistent','There you go again - you can\'t have it both ways. I\'ve read it in the past and you\'ve agreed that your analysis is based on King County - not Seattle. If you did your analysis on only in city desirable neighborhoods this site wouldn\'t amount to much. Seriously - either change the name of your blog to King County Bubble or be consistent in talking about just the city. You can\'t have it both ways. Although I guess you have to try to keep your \"theory\" above water. Really, I\'m sorry you live in the sticks too but you don\'t have to be mad at all of the folks who live in great in city neighborhoods. Enjoy your next conversation with Tim Eyman.',''); return false;">Quote</a></div> There you go again – you can’t have it both ways. I’ve read it in the past and you’ve agreed that your analysis is based on King County – not Seattle. If you did your analysis on only in city desirable neighborhoods this site wouldn’t amount to much. Seriously – either change the name of your blog to King County Bubble or be consistent in talking about just the city. You can’t have it both ways. Although I guess you have to try to keep your “theory” above water. Really, I’m sorry you live in the sticks too but you don’t have to be mad at all of the folks who live in great in city neighborhoods. Enjoy your next conversation with Tim Eyman.
Reply – Quote
]]> By: jon http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27049 jon Thu, 04 Oct 2007 18:05:06 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27049 "In the past 24 hours alone on the NWMLS, there were 720 new listings and 697 price reductions on existing listings compared to 275 sales closed. " But the only net increase in listings, going by the numbers in the upper left of this page, are in King County condos. King County SFH are still where they were on 9/20. It could be that the seasonal trend following the Sep peak is masking an underlying weakness, but it's not the end of the world yet. What is the figure for vacant homes in Seattle?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27049','jon',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27049','jon','\"In the past 24 hours alone on the NWMLS, there were 720 new listings and 697 price reductions on existing listings compared to 275 sales closed. \"\r\n\r\nBut the only net increase in listings, going by the numbers in the upper left of this page, are in King County condos. King County SFH are still where they were on 9\/20. It could be that the seasonal trend following the Sep peak is masking an underlying weakness, but it\'s not the end of the world yet.\r\n\r\nWhat is the figure for vacant homes in Seattle?',''); return false;">Quote</a></div> “In the past 24 hours alone on the NWMLS, there were 720 new listings and 697 price reductions on existing listings compared to 275 sales closed. ”

But the only net increase in listings, going by the numbers in the upper left of this page, are in King County condos. King County SFH are still where they were on 9/20. It could be that the seasonal trend following the Sep peak is masking an underlying weakness, but it’s not the end of the world yet.

What is the figure for vacant homes in Seattle?

Reply – Quote
]]> By: TJ_98370 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27046 TJ_98370 Thu, 04 Oct 2007 17:53:40 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27046 If you read the linked article from WSJ, click on the “See detailed chart” link in article. According to the chart, 40.5% of Seattle homes on the MLS have been reduced in price and there has been a 4.0% increase in number of homes listed in Sept compared with a month earlier.
.
Home-Price Outlook takes Another Shot
.
Trading on CME Indicates a Decline Into Late 2011
.
The outlook for house prices is getting even gloomier as traders on the Chicago Mercantile Exchange bet on steep price declines and the number of homes for sale grows.
.
Traders on the CME expect home prices in 10 major cities to drop an average of about 10% from mid-2007 to November 2011, according to an analysis by Tradition Financial Services Inc., New York, of prices for housing futures traded on the exchange.
.
The contracts have been trading since May 2006 but last month were adapted so that traders could bet on prices as long as 60 months into the future. The trading is based on expected movements in the S&P/Case-Shiller house price indexes……
Reply – Quote
]]> By: Ira Sacharoff http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27041 Ira Sacharoff Thu, 04 Oct 2007 15:33:22 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27041 Seattle area prices might still be going up for now, but forces are at work to mask the real figures. What I mean is that all kinds of incentives are being thrown out there, and are not counted in the statistics. For condos, "we'll pay your HOA dues for a year, OR 5k in closing costs paid, or 5k bonus to buyer!, or free cadillac!, and those don't count. Sure, there are parts of this area where sales are still doing well, but I'm seeing nice houses, which have had substantial price reductions, still sitting unsold months after being listed.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27041','Ira Sacharoff',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27041','Ira Sacharoff','Seattle area prices might still be going up for now, but forces are at work to mask the real figures. What I mean is that all kinds of incentives are being thrown out there, and are not counted in the statistics. For condos, \"we\'ll pay your HOA dues for a year, OR 5k in closing costs paid, or 5k bonus to buyer!, or free cadillac!, and those don\'t count. Sure, there are parts of this area where sales are still doing well, but I\'m seeing nice houses, which have had substantial price reductions, still sitting unsold months after being listed.',''); return false;">Quote</a></div> Seattle area prices might still be going up for now, but forces are at work to mask the real figures. What I mean is that all kinds of incentives are being thrown out there, and are not counted in the statistics. For condos, “we’ll pay your HOA dues for a year, OR 5k in closing costs paid, or 5k bonus to buyer!, or free cadillac!, and those don’t count. Sure, there are parts of this area where sales are still doing well, but I’m seeing nice houses, which have had substantial price reductions, still sitting unsold months after being listed.
Reply – Quote
]]> By: Buceri http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27038 Buceri Thu, 04 Oct 2007 12:14:49 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27038 Great piece at msn.com. http://articles.moneycentral.msn.com/Commentary/Experts/Markman/Jon_Markman.aspx?msn=1<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27038','Buceri',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27038','Buceri','Great piece at msn.com.\r\n\r\nhttp:\/\/articles.moneycentral.msn.com\/Commentary\/Experts\/Markman\/Jon_Markman.aspx?msn=1',''); return false;">Quote</a></div> Great piece at msn.com.

http://articles.moneycentral.msn.com/Commentary/Experts/Markman/Jon_Markman.aspx?msn=1

Reply – Quote
]]> By: Hair Farmer Joe http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27020 Hair Farmer Joe Wed, 03 Oct 2007 23:42:34 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27020 It might be true to say that Seattle is amongst the most stable large cities in the US, but The Tim pretty much took apart every point of the article. We are in for definite price decreases and if you cannot see it, you are fooling yourself (and maybe your clients?). In the past 24 hours alone on the NWMLS, there were 720 new listings and 697 price reductions on existing listings compared to 275 sales closed. This is a continuing trend and does not add up to constant appreciation.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27020','Hair Farmer Joe',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27020','Hair Farmer Joe','It might be true to say that Seattle is amongst the most stable large cities in the US, but The Tim pretty much took apart every point of the article. We are in for definite price decreases and if you cannot see it, you are fooling yourself (and maybe your clients?).\r\n\r\nIn the past 24 hours alone on the NWMLS, there were 720 new listings and 697 price reductions on existing listings compared to 275 sales closed. This is a continuing trend and does not add up to constant appreciation.',''); return false;">Quote</a></div> It might be true to say that Seattle is amongst the most stable large cities in the US, but The Tim pretty much took apart every point of the article. We are in for definite price decreases and if you cannot see it, you are fooling yourself (and maybe your clients?).

In the past 24 hours alone on the NWMLS, there were 720 new listings and 697 price reductions on existing listings compared to 275 sales closed. This is a continuing trend and does not add up to constant appreciation.

Reply – Quote
]]> By: Alan http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27017 Alan Wed, 03 Oct 2007 22:31:59 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27017 Maybe inventory is at an all time low after you <b>adjust for inflation!</b><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27017','Alan',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27017','Alan','Maybe inventory is at an all time low after you <b>adjust for inflation!<\/b>',''); return false;">Quote</a></div> Maybe inventory is at an all time low after you adjust for inflation!
Reply – Quote
]]> By: on topic http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27016 on topic Wed, 03 Oct 2007 22:28:17 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27016 it is a comparative article, claiming Seattle is amongst the most stable large cities in the USA. within this category, we did have lower absolute appreciation and for this reason alone our market probably will be more stable, barring unforeseen local economic troubles<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27016','on topic',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27016','on topic','it is a comparative article, claiming Seattle is amongst the most stable large cities in the USA.\r\n\r\nwithin this category, we did have lower absolute appreciation and for this reason alone our market probably will be more stable, barring unforeseen local economic troubles',''); return false;">Quote</a></div> it is a comparative article, claiming Seattle is amongst the most stable large cities in the USA.

within this category, we did have lower absolute appreciation and for this reason alone our market probably will be more stable, barring unforeseen local economic troubles

Reply – Quote
]]> By: biliruben http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27015 biliruben Wed, 03 Oct 2007 22:26:08 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27015 softwareengineer- I think Jillayne might take offense at being called a Realitor(sic). The spelling isn't what would bother her. She is, among other things, RCG's conscience, and she uses her pulpit well.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27015','biliruben',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27015','biliruben','softwareengineer- I think Jillayne might take offense at being called a Realitor(sic). The spelling isn\'t what would bother her.\r\n\r\nShe is, among other things, RCG\'s conscience, and she uses her pulpit well.',''); return false;">Quote</a></div> softwareengineer- I think Jillayne might take offense at being called a Realitor(sic). The spelling isn’t what would bother her.

She is, among other things, RCG’s conscience, and she uses her pulpit well.

Reply – Quote
]]> By: B&W NIkes http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27013 B&W NIkes Wed, 03 Oct 2007 22:02:26 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27013 Wow. And it goes on... "It largely reflects that these markets never went through the boom and aren't going through the severe bust," says Mark Zandi, chief economist at Moody's Economy.com. "Price growth is not great, but [these markets] are not having house price declines. [All markets] are experiencing pricing problems, but in these markets it's less of a problem." Price growth not great? Doubling almost tripling in less than ten years? I'll have whatever he is having.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27013','B&W NIkes',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27013','B&W NIkes','Wow. And it goes on... \"It largely reflects that these markets never went through the boom and aren\'t going through the severe bust,\" says Mark Zandi, chief economist at Moody\'s Economy.com. \"Price growth is not great, but [these markets] are not having house price declines. [All markets] are experiencing pricing problems, but in these markets it\'s less of a problem.\" \r\nPrice growth not great? Doubling almost tripling in less than ten years? I\'ll have whatever he is having.',''); return false;">Quote</a></div> Wow. And it goes on… “It largely reflects that these markets never went through the boom and aren’t going through the severe bust,” says Mark Zandi, chief economist at Moody’s Economy.com. “Price growth is not great, but [these markets] are not having house price declines. [All markets] are experiencing pricing problems, but in these markets it’s less of a problem.”
Price growth not great? Doubling almost tripling in less than ten years? I’ll have whatever he is having.
Reply – Quote
]]> By: explorer http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27012 explorer Wed, 03 Oct 2007 21:56:48 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27012 Great zingers as usual. I seem to remember that Forbes uses the Metropolitan Statistical Area's (MSA's), that the census uses to define a particuar area of analysis. Moody's and S &P are certainly suffering from a credibility gap. Not that they ever were gospel to me. But hey, they also did their part to promote this situation too. Why most MSM have ignored Shiller until recently sez alot about willful ignorance and denial, and the disconnect between pundits and what is/was happening in the street, IMHO.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27012','explorer',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27012','explorer','Great zingers as usual. I seem to remember that Forbes uses the Metropolitan Statistical Area\'s (MSA\'s), that the census uses to define a particuar area of analysis. \r\n\r\nMoody\'s and S &P are certainly suffering from a credibility gap. Not that they ever were gospel to me. But hey, they also did their part to promote this situation too. \r\n\r\nWhy most MSM have ignored Shiller until recently sez alot about willful ignorance and denial, and the disconnect between pundits and what is\/was happening in the street, IMHO.',''); return false;">Quote</a></div> Great zingers as usual. I seem to remember that Forbes uses the Metropolitan Statistical Area’s (MSA’s), that the census uses to define a particuar area of analysis.

Moody’s and S &P are certainly suffering from a credibility gap. Not that they ever were gospel to me. But hey, they also did their part to promote this situation too.

Why most MSM have ignored Shiller until recently sez alot about willful ignorance and denial, and the disconnect between pundits and what is/was happening in the street, IMHO.

Reply – Quote
]]> By: TJ_98370 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27011 TJ_98370 Wed, 03 Oct 2007 21:02:15 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27011 Considering the current credibility crisis of Moody’s Investors Service (ratings agency), use of info / data from Moody’s Economy.com severely compromises the reliability of their predictive models, in my opinion. (Moody’s Economy.com and Moody’s Investor Services are both part of Moody’s Corporation (MCO)). Just look how accurate their “mark to model” AAA ratings were for Bear Stearns sub-prime CDO’s!
Reply – Quote
]]> By: redmondjp http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27010 redmondjp Wed, 03 Oct 2007 21:00:10 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27010 Did anybody watch the premiere of the new (soon-to-be-cancelled) ABC comedy <i> Carpoolers</i> right after the (even-more-soon-to-be-cancelled) <i>Cavemen</i> last night? The wife of one of the carpoolers is a real estate agent who flips a house three times in <b>one day!</b> Funny indeed! Methinks the script was written in, oh, 2005 maybe?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27010','redmondjp',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27010','redmondjp','Did anybody watch the premiere of the new (soon-to-be-cancelled) ABC comedy <i> Carpoolers<\/i> right after the (even-more-soon-to-be-cancelled) <i>Cavemen<\/i> last night?\r\n\r\nThe wife of one of the carpoolers is a real estate agent who flips a house three times in <b>one day!<\/b> Funny indeed!\r\n\r\nMethinks the script was written in, oh, 2005 maybe?',''); return false;">Quote</a></div> Did anybody watch the premiere of the new (soon-to-be-cancelled) ABC comedy Carpoolers right after the (even-more-soon-to-be-cancelled) Cavemen last night?

The wife of one of the carpoolers is a real estate agent who flips a house three times in one day! Funny indeed!

Methinks the script was written in, oh, 2005 maybe?

Reply – Quote
]]> By: softwarengineer http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27006 softwarengineer Wed, 03 Oct 2007 20:30:08 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27006 SOMETIMES EVEN THE REALITORS WRITE GREAT STUFF ON THE FUTURE OF SEATTLE AREA REAL ESTATE PURCHASING

Here’s an excerpt:

“….Realtors following this thread ought to continue to be reminded that the “anyone can get a loan” party is OVER and FHA ought not be thought of as an easy and fast way to inject corpses with an FHA drug to bring them to life as first time homebuyers. Said another way: just because anyone, even zombies, could have received a subprime loan in 2006 doesn’t necessarily translate into FHA-approvable borrowers in 2007 and 2008….”

I like the corpse reference to a potential 1st time buyer. The rest of the article:

http://www.raincityguide.com/

Reply – Quote
]]> By: rose-colored-coolaid http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27000 rose-colored-coolaid Wed, 03 Oct 2007 18:55:18 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-27000 Anyone else out there starting to wonder just how much longer some of these enterprises have? Forbes has been god awful at least since the mid 90s. Cramer, as has been pointed out on this site several times, is a great person to listen to if you want to lose money. Meanwhile, really great analysis from people like Jim Jubak is seen by a much smaller number of people. We talk about a free market eliminating the losers and keeping the winners. This is many of our justification for why specuvesting is failing. So how long until these lousy sources of information go out of business?<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('27000','rose-colored-coolaid',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('27000','rose-colored-coolaid','Anyone else out there starting to wonder just how much longer some of these enterprises have? Forbes has been god awful at least since the mid 90s. Cramer, as has been pointed out on this site several times, is a great person to listen to if you want to lose money. Meanwhile, really great analysis from people like Jim Jubak is seen by a much smaller number of people.\r\n\r\nWe talk about a free market eliminating the losers and keeping the winners. This is many of our justification for why specuvesting is failing. So how long until these lousy sources of information go out of business?',''); return false;">Quote</a></div> Anyone else out there starting to wonder just how much longer some of these enterprises have? Forbes has been god awful at least since the mid 90s. Cramer, as has been pointed out on this site several times, is a great person to listen to if you want to lose money. Meanwhile, really great analysis from people like Jim Jubak is seen by a much smaller number of people.

We talk about a free market eliminating the losers and keeping the winners. This is many of our justification for why specuvesting is failing. So how long until these lousy sources of information go out of business?

Reply – Quote
]]> By: Garth http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-26999 Garth Wed, 03 Oct 2007 18:42:30 +0000 http://seattlebubble.com/blog/2007/10/03/depends-on-what-the-meaning-of-stable-is/#comment-26999 Using zillow, you can see flipping pretty easy. Do a search on current for sale listings only and change the filter Sold within to 3-12 months, and you can easily see who is flippin'<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('26999','Garth',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('26999','Garth','Using zillow, you can see flipping pretty easy.\r\n\r\nDo a search on current for sale listings only and change the filter Sold within to 3-12 months, and you can easily see who is flippin\'',''); return false;">Quote</a></div> Using zillow, you can see flipping pretty easy.

Do a search on current for sale listings only and change the filter Sold within to 3-12 months, and you can easily see who is flippin’

Reply – Quote
]]>