- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Housing Prices
Posted on 1/29/09 at 11:37 am
Posted on 1/29/09 at 11:37 am
Do you agree with the following statements/logic from Jack Ablin of Harris Bank:
1. Median home prices on a national basis are at "fair value" when gauged against the Consumer Price Index (after an 18% decline from the 12 months ended November according to Case-Shiller).
2. Most of the damage is behind us on housing prices.
Thoughts?
1. Median home prices on a national basis are at "fair value" when gauged against the Consumer Price Index (after an 18% decline from the 12 months ended November according to Case-Shiller).
2. Most of the damage is behind us on housing prices.
Thoughts?
2
Posted on 1/29/09 at 11:55 am to Edge
1)No
2)I think that possibly some of the price declines in some areas could be mostly behind us, but the damage related to housing prices going down is well in front of us.
2)I think that possibly some of the price declines in some areas could be mostly behind us, but the damage related to housing prices going down is well in front of us.
Posted on 1/29/09 at 12:37 pm to Edge
1) No
2) No
2) No
Posted on 1/29/09 at 12:40 pm to Rivers
Define "damage."
Posted on 1/29/09 at 12:44 pm to kfizzle85
Define "damage."...tsunami.
Posted on 1/29/09 at 2:23 pm to Tiger JJ
quote:
2)I think that possibly some of the price declines in some areas could be mostly behind us,
I've not followed this that closely but most sources (JPM, Citi, ML, etc.) were calling the bottom of home prices in 2010. What am I missing?
quote:
but the damage related to housing prices going down is well in front of us.
Agree
This post was edited on 1/29/09 at 2:42 pm
Posted on 1/29/09 at 2:40 pm to kfizzle85
quote:
Define "damage."
Not exactly sure what Ablin was thinking, but I viewed this to be "damage" to home prices.
In terms of "fair value" the premise was that housing prices tracked closely to the CPI/inflation from 1964 until 2000-2001. With the bubble, housing prices got out of line (i.e., greatly exceeded the rate of inflation). However with the recent decline, housing prices are back in line according to Ablin.
I'm not expecting a bottom in housing prices until 2010, but Harris is presenting a more optimistic view.
Posted on 1/29/09 at 2:46 pm to Edge
quote:
Not exactly sure what Ablin was thinking, but I viewed this to be "damage" to home prices.
Right. Which is different than the damage caused to the whole system by having the single biggest asset class in the world (US mortgage debt) continue to deleverage.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News