What ever happened to the guy known as Meshugy?

[Jazen]

[Ouch!]

I checked and he's still posting on his business' forum
, so he's still around. Maybe he senses the tide has turned and he doesn't want to come out to play with the bubble crowd?

Didn't he have some bets on this blog that should be coming due?

[rose-colored-coolaid]

[synthetik]

[meshugy]

[biliruben]

You just outed yourself as either a member or of the NWMLS or being fed by a member, Shug. Confess.

[meshugy]

jeez...my first post in a while and the conspiracy theories are already coming on strong.

sorry bili...i have no special access to mls. just a regular guy like you.

btw....you wagered that the median prices would be yoy negative for july. looks like you seriously misjudged that one....because they're 10% higher.

so, what was it you're required to do now? i believe an embarrassing photo involving balloons??

[biliruben]

You posted the press release before it was available to the public, Shug.

It just became available to regular Joes a few minutes ago.

Well, I believe you called the bet off in a post around here somewhere, and it was you with the balloons, not me (you never specified, but I suggested a pic with a sign on my roof saying something along the lines of "my house only goes up up up!"), but I'll be happy to hold up my end if you want me to, even though my house declined in value YOY, ironically.

[biliruben]

But you were certainly right that we still see YOY gains in July. This market is taking a bit longer to tank than I thought it would. Housing prices are pretty sticky.

[Alan]

Where is this posted?

Oh, and I think that Meshugy's business is doing well because he is afraid of housing prices falling.

[biliruben]

It wasn't available until around 3pm - well after Mesh's cut and paste at 1pm.

Did someone email it to you, Mesh?

[kpom]

I would really recommend reading the Wall Street Journal today (several articles) - the residential mortgage market is in the process of seizing up, which is going to make a **huge** difference to the ability of people to bid on homes.

[biliruben]

No doubt, kpom. It's not a matter of if; merely when. Timing these crashes is the hardest part.

[kpom]

I think the timing issue has been settled - the crunch is going to happen, and happen now (cf. Wells Fargo raising their Jumbo rate to 8%). Wall Street was apparently rife with rumors this weekend that Bear, Stearns is in a lot of trouble (they did fire their co-president).

[Alan]