Alan
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I get paid in dollars and save in dollars. So everything I have lost 7%, including all those products I'm going to be buying in the future. So things pretty much look the same to me Except that we import nearly everything and it now costs mor…
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It looks like we've hit the 'closing period' for September. Inventory has been flat the past few days starting on the 24th. 11600 inventory is looking unlikely this month. I expect inventory to drop in October so this may be the high water mark for …
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Pay no attention to the man behind the curtain! It's Bernanke's fault!
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It isn't looking very likely though, is it? I'm going to blame the lowered interest rates if I am wrong. :twisted:
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Very nice.
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$20k of gold can easily fit into a small safe deposit box. $20k of silver -- not so much. $20k of platinum -- very small. You can also invest in gold related funds. These funds hold things like gold mining companies which track the price of gold …
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Is there any difference between "lease" and "rent"?
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Crazy? Crazy like a fox. A crazy fox.
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And the guy that drives the same speed as me is a jerk because he won't let me shift lanes even though I've had my blinker on for, like, ages. Jeeez...
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I think 12k is a long shot. Most closings happen at the end of the month and that causes inventory to stagnate the last week and the first week of the month. Maybe 15% chance of getting there? However, inventory started increasing earlier in Septemb…
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I'd like to see China and India try to outcompete robots on price.
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Graph with linear projection to the end of September.
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I moved here from Austin. The super expensive areas (i.e. central Austin just N of UT campus) was selling for $300 sqft when I left. Rents are in line with sales prices -- heck, it might even be possible to find rentals that flow cash. Ther…
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My prediction is based more on the YOY increase the past few months. 45% YOY gets us to 11600. Maybe you have a theory on why things have changed this month? Also, you make no sense. "wouldn't go by the increase over just one weekend"? Fine. How …
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There has been an increase of 700 since the beginning of the month. We still have half the month left. If we see another 700 then we will hit 11800. I'm sticking with my 11600 prediction.
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What changes the curve? What's changing demand? You are working under the assumption that the economy will continue to be based on scarcity. Robots will remove the scarcity constraint. Economics describes how to use supply and demand curves to ar…
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I don't think it is about ethics. It is about making correctly rational decisions. Humans use all sorts of heuristics for decision making that do not necessarily lead to the optimal result. Loss aversion is one example of a common fallacy: http:/…
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The price of housing, stocks, oil, durable goods, or gold are all going up what magic is going to change that curve? One word: robots
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Personally, I moved here after prices were already out of my reach (a little over a year ago). I haven't missed out on much. Sure there are areas where prices went up 24% over the last year (according to the August MLS report), but there is no way I…
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I predicted 11600 in another thread. That is only 45% YOY increase. A conservative prediction, I think.
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what's 10999? http://seattlebubble.com/inventory/SFHnow.txt
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I spent two months watching craigslist for rentals before I found my current one: $1150 for 1100sqft 2 bed, 2 bath, 2 miles from work. I had to pay double rent for a month to get it, but it is the best deal I've seen period and the extra money…
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I'm going on record with a prediction that the winter drop happens 20-30 days later than last year. The trailing drop will make the YOY figure sky rocket. If the market, and lending industry, continues on its current course then inventory will being…
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http://www.metrokc.gov/recelec/records/
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Look at the spreadsheet Tim posted today. Inventory historically goes up in September. If we see a 45% YOY increase in inventory again this month then we should hit 11600 by October.
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I could but they don't really add any information. The second source mirrors the first one but has a nearly constant 1000 more items. The third source seems to expire and readd listings so it bounces up and down, but the up sections seems to match t…
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Inventory increased an average of 65 SHR per day last week. Amazing. Here's the graph of Tim's inventory log: Check out the steep rise last week.
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Holy Moly is inventory recovering quickly from the monthly closing period!!! From a min of 10282 on 9/1 to a max of 10735 on 9/6. That is an increase of 90 SFH per day!!! August inventory didn't start recovering at all until 8/7. I wonder i…
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As I mentioned in another thread, I think that the last week of August had half the house closings that last week of July did. I'm glad my somewhat hazy memory of DJO's chart was close.