Wednesday, April 09, 2008

Crybabies

The new housing market:


"Cry now, you are priced in forever."

2007, 2006, 2005 are stripped clean 2004-2002 are next. IMO all at once by summer. Welcome to the new immobility.

3 comments:

Funny Circus Bears said...

"Priced in forever"

Now THAT is a funny line.

chickenlittle said...

when will it reach back to 2000? (me)

Rob Dawg said...

I'd say half the houses bought in 2000 will see their equity wiped out. This isn't a linear function but a long tailed distribution.