New fear setting in

..and who are you anon3 - do you have any stats to support your theory?

Thank God SOMEONE said it!

I was afraid we'd close out the business week without a fresh fear-mongering thread!

how many damn threads are you going to start? Sorry to disppoint you, buit creating BS threads all day long does not cause prices to decline.

don't you guys know, anon3 is a Nobel Prize winning economist. He is a tenured economics professor at the University of Bullshit.

hes more right than wrong

"hes more right than wrong"

He has yet to post a single example to back up his claim that true 2 bedroom apts. in prime Manhattan are renting for under $2k a month.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aPAQLQ0ebMQI

Buffett’s Most-Watched Index Takes a Tumble: Chart of the Day
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By David Wilson

July 10 (Bloomberg) -- For Warren Buffett, freight-train traffic has the kind of importance that Alan Greenspan attached to scrap-steel prices as Federal Reserve chairman -- and it isn’t going his way.

The CHART OF THE DAY compares the number of freight carloads at six of the largest U.S. railroads this year with the same period of 2008. Shipments tumbled 19.2 percent through last week from a year earlier, the Association of American Railroads reported yesterday.

Buffett follows this gauge more closely than any other index, Bianna Golodryga, a reporter for ABC’s “Good Morning America” program, said yesterday after she interviewed the billionaire investor. Its drop worries him, she reported.

Buffett’s Berkshire Hathaway Inc. owns a 23 percent stake in Burlington Northern Santa Fe Inc., the biggest U.S. railroad by revenue. The holding’s value was $5.25 billion at yesterday’s close. Among Berkshire’s common-share investments, only Coca- Cola Co. and Wells Fargo & Co. were bigger.

Berkshire also has stakes in Norfolk Southern Corp. and Union Pacific Corp., two other U.S. railroads. The value of those shares totaled about $545 million yesterday.

Greenspan followed the scrap-steel market to gain insight into the U.S. economy’s prospects. The rate at which cars and trucks are scrapped “has a pronounced cyclical pattern,” he wrote in a study that the Fed released in 1996.

(To save a copy of the chart, click here.)

To contact the reporter on this story: David Wilson in New York at dwilson@bloomberg.net

People are getting scared again. It is a fact. Look for a big tumble in the stock market and RE over the next few months.

Alpine's more wrong than right. He's running about 100%.

Btw, when nobel prize winners do make observations, he denies those, too.

And he still think we're not down 20%.

But, its because he lives in Jersey.

"And he still think we're not down 20%."

So does Noah at UD when it comes to the low end of the market. According to him, the minimum decline that segment has seen is 15%.

"People are getting scared again."

Just because your a chicken little running around with his head off does not mean everyone else is.

President, you are sounding a little desperate. RE is plummeting FAST and fear is setting in again. Sell IF you still can.

Prez, your math is ludicrous. 15% is the lower end of the range of decline for the one segment of the market that has declined the least. We're not 15% down unless the only thing you're including in your assessment are the specific under 1M properties that sold the best (or the least bad). By the same token I could say we're 45% down because (if I remember correctly) that what UD sets as the higher end of the range of decline for 3M+ properties. You're not worth debating.

UD is one of those guys who has the tough luck of being sophisticated in his analysis, and that yields isolated phrases or figures that retards like you, prez, can take out of context and then say "but I'm quoting the famous bear UD, weren't you the one who liked to quote UD?". Anon 3's blanket tirades have the virtue of not being susceptible to misrepresentation.

I could not give a damn about $3 million + properties as I will never own them. And neither will 99% people of the people on SE, so debating their declines is a total waste of time. What matters to the majority of buyers are the declines for the sub $1 million properties.

you will never own anything except a dog house. enjoy.

Mr President, I think you are wrong to assume that 3+ million properties are not relevant to 99% of SE. From the what I have read on this forum, it seems like most of you are filty rich....nice cars, garages, 5 dollar tips for 10 dollar orders.. garage attendant tipping 2-3 dollars per time, summer houses etc. 1M dollar properties may be irrelvant for most of SE.

Trompiloco, I think UD sounds and acts sophisticated. I haven't seen any of your analysis. Can you provide some so that I can determine your sohistication?

alpo is a dog-- his creds revolve around barking and biscuits.

It is amazing how sentiment has changed. It was so positive last month, now so negative.