Wednesday, May 09, 2007

The Thin Consumer Veneer

11 comments:

  1. Some anon said somewhere on this blog that the housing builders were grading the DC market as good.

    Well, that was a lie. Bob Toll said this on an online conference.

    "Washington, D.C. is, northern Virginia is probably a D-plus market"

    You can find the link to the text on bens blog.

    See lance, I quoted something "factual" then provided evidence of my facts.. Where is the address of that townhouse that doubled in 1 year?

    the real bob

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  2. The new MRIS data is now available...

    20009(Lance's zip) is down 6% YoY...

    The district as a whole is down as well.

    so much for another of Lance's lies.

    Don't worry though, May is when the bidding wars start again according to Lance a couple months ago. Things will turn right around...

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  3. The only thing that has doubled in the last year is the length of Lances nose.

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  4. "Some anon said somewhere on this blog that the housing builders were grading the DC market as good."

    "Well, that was a lie. Bob Toll said this on an online conference."

    '"Washington, D.C. is, northern Virginia is probably a D-plus market"'

    Lance, your thoughts.

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  5. Look here for the April condo numbers for D.C., not Metro Washington. Prices are up, sales are up, inventory is down. Don't flame me because it is true.

    http://dcbubble.blogspot.com/2007/05/believe-it-or-not-dc-condo-market-is.html

    For DC houses its more of a mixed bag, but no bursting bubble or firesale.
    http://dcbubble.blogspot.com/2007/05/mixed-bag-for-market-for-dc-houses.html

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  6. "Look here for the April condo numbers for D.C., not Metro Washington. Prices are up, sales are up, inventory is down. Don't flame me because it is true.

    http://dcbubble.blogspot.com/2007/05/believe-it-or-not-dc-condo-market-is.html

    For DC houses its more of a mixed bag, but no bursting bubble or firesale.
    http://dcbubble.blogspot.com/2007/05/mixed-bag-for-market-for-dc-houses.html "


    PWN3D!

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  7. dcbubble, your source is a bit sketchy. "Greater Capital Area of Realtors" Where is this data actually coming from?

    I am skeptical seeing as how all of the other data is not saying this... MRIS, etc.

    the real bo

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  8. http://www.gcaar.com/statistics/2007-home-sales/dccc0407.pdf

    I just looked. Median prices are down on condos from 354 to 350. Can't you even read a graph?

    "Don't flame me because it is true."

    I don't know if this is flaming, but what you said isn't true, and is contradicted by your own data source.

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  9. Hey, dcbubble, according to your data source, median condo prices fell YoY from $354,100 to $350,000 (-1.2%). SFH increased from $499,000 to $505,000. YoY (+1.2%).

    We don't have April 2007 inflation numbers, but the March YoY CPI less shelter for the Washington-Baltimore metro statistical area was 2.6%.

    BTW, for the Washington-Baltimore CPI less shelter, go to http://data.bls.gov/cgi-bin/srgate/ and enter series identifier CUURA311SA0L2. For the national CPI less shelter, enter series identifier CUUR0000SA0L2. CPI series IDs can be found at http://www.econstats.com/BLS/blscu/index_cpi_area.htm

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  10. Yes, Anony, you and DC Bubble got pwn3d. Thanks for admitting it.

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  11. http://www.gcaar.com/statistics/2007-home-sales/dccc0407.pdf

    Sorry, as someone else pointed out, median condo prices fell from 354k to 350k, inventory increased from 1200 - 1400, and sales fell from 450 - 400. Nice try, check your sources next time.

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