tag:blogger.com,1999:blog-11719208.post6118333082539526697..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Back to 2004 home prices in Southern CaliforniaTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11719208.post-31338941471850661072008-04-19T21:19:00.000-07:002008-04-19T21:19:00.000-07:00Prices tend to be stickier on the way down, becaus...Prices tend to be stickier on the way down, because people are reluctant to drop prices. What you see instead is a buildup of inventory and transaction volume dropping like a brick as people resist selling for less than their house is 'worth' unless they are in immediate need to make the sale. Capitulation takes a while.<BR/><BR/>Bring it on. I'm waiting for 1998+CPI pricing.tech98https://www.blogger.com/profile/00607134433499988891noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-8647456715844707442008-04-15T18:20:00.000-07:002008-04-15T18:20:00.000-07:00Good point. Ouch.Good point. Ouch.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-3270355199183726072008-04-15T18:18:00.000-07:002008-04-15T18:18:00.000-07:0030% down is much greater than 30% up.30% down is much greater than 30% up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-34530803880415220362008-04-15T18:14:00.000-07:002008-04-15T18:14:00.000-07:00I never really thought about it before, but it wou...I never really thought about it before, but it would make sense that we'd see the same kind of extremes on the way down as on the way up. If price <EM><B>rose</EM></B> at 30 percent or more in 2004-2005, why not <EM><B>fall</B></EM> by that much in 2008?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-6186148162046011122008-04-15T17:32:00.000-07:002008-04-15T17:32:00.000-07:00Truly spectacular.Folks owning Tips and/or long te...Truly spectacular.<BR/><BR/>Folks owning Tips and/or long term treasuries, have increased their purchasing power by 50% in a year.Anonymousnoreply@blogger.com