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I find it really entertaining that the average home price doesn't include things like average square footage or average county assessed value. In particular, I am guessing the rising tides of "good credit" homeowners defaulting (link) are probably in higher dollar value homes on average (since it is much harder to get those loans with poor credit, even in the drug dealer loan days). It could actually be a huge net loss in home prices and the nicer houses in foreclosure.
Sam: when you post statistics, can you please link a source to the data?
Using inconclusive methods to arrive at statistical data does no one a favor. It completely undermines the point of having statistics. There is a statistician out there somewhere who should be hit with a wet noodle by his/her bretheren.
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." Famous quote which fits this discussion.
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." Famous quote which fits this discussion.Seconded--words to live by.Also, a wise man once said "87% of statistics are made up on the spot."I usually use Case-Shiller stats, just as flawed as any other system, but fairly credible. Prices are down YTD. Prices are up for the quarter. Sales are up vs. 2008. Prices are down vs. 2008. They're all credible, just very different ways to interpret them.
Who is going to fill the million ++ homes that currently sit empty? Lots of people have been moving back in with mom and dad, shacking up with friends, etc.....until people have money there aren't any industries that will be rebounding long term
Our government seems to operate in the framework of a prizoner's dilema game...they could get a better outcome with cooperation, but they are so busy screwing each other over the net gain is small, if any.
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