Barclays: US housing prices declined at an annual 10% to 15% rate

Started by alanhart

almost 17 years ago

Posts: 12397

Member since: Feb 2007

Discussion about

"Efforts to revise the raw data to reflect normal seasonal swings in home buying activity–most home buying takes place in the spring and summer–led to over-stating the price recovery, analysts at Barclays Capital and Bank of America have argued. A more accurate estimate, Barclays calculated, would be that housing prices declined at an annual 10% to 15% rate. In other words, this market hasn’t seen bottom yet." More fun stuff: http://jubakpicks.com/2009/08/05/default-isnt-just-for-subprime-mortgages-anymore/#more

Response by marco_m

almost 17 years ago

Posts: 2481

Member since: Dec 2008

dont worry...stocks are up. all is well

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Response by alanhart

almost 17 years ago

Posts: 12397

Member since: Feb 2007

Oh, I like so totally forgot about the stock market -- thanks. SE mods, please delete this thread.

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Response by nyc10022

almost 17 years ago

Posts: 9868

Member since: Aug 2008

"dont worry...stocks are up. all is well"

well, for those of us who are on the right side of things...

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Response by w67thstreet

almost 17 years ago

Posts: 9003

Member since: Dec 2008

My image of the saddest (financially) person on Earth.

A man with $5MM in liquid assets. In 2007 diversifies and buys $3MM home in NYC, puts $2MM in equity markets. In 3-09 can't take it anymore and dumps all equities with a 50% haircut. In 8-09, can't take paper loss on his home and dumps into market at 30% off, net net net.. has $3.1MM left... sees the equity mkt take off again... goes ballz deep in to equities... in 3-2010, can't take the 50% bear market rally pullback and sells all his equities.... net net net net... $1.5MM left....

Barclays: US housing prices declined at an annual 10% to 15% rate

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