Current Housing Data is TOO OPTIMISTIC

"take a look at the Japanese housing market; they are in the 22nd year of a housing downturn. it is not inconceivable that our will last more than 3 years."

that parallel was drawn a few years ago by most

it can be draw for the next 10 years and still be accurate.

that was just 1 line from the video...i just threw it up there as a reminder to the bulls.

Im just sayin ur news is old

don't be bitter

Are we talking Manhattan or general here? I think general housing bubble popped in mid 2006..it was early 2007 when exotic financing started to come to end, and it took more time for equities and MBS markets to totally sh*t the bed..of course in Manhattan, our slump started in Sept 2008 and was fast and furious.

But national, Case Shiller Comp 20 Index shows top in July 2006 (old chart, but still shows it)

http://cr4re.com/charts/charts.html?Home-Prices#category=Home-Prices&chart=CSJan2011.jpg

So for general Natl housing market, to me it looks like we are approaching the 5yr mark for the correction and it seems we are double dipping right now after 2009-2010's bottom & stimulus induced short term rebound.

in the video he talks about all the things that are factored into CaseShiller and why it seems more "otimistic" than things really are.

When does NYC's double dip come!? This city is not all that, it's dirty, smelly, filled with homeless people sleep on the subways I take to work every morning, there's dog crap all over the sidewalks, 80% of our public schools are unfit for our children and everyday I worry it will be my last because a terrorist attack could occur. It just happens that some of us have careers that bind us to this city and/or family ties here. Why on earth anyone else who has the freedom to move somewhere were they could buy a mansion for the price of what some studios in Manhattan sell for would choose to live here I don't know. People complain about how they can't find anything descent in Brooklyn for $500k when $500k would buy a beautiful house in 90% of this country and you could send your kids to public schools!

calldn,
please leave the city immediately. there are plenty of places you can live and still work in NYC.

that should have read "things that AREN'T factored in to Case Shiller"

wow calldn quit your job and get out I'd say. Bad day? Luckily not many will agree with you, New York is by far the best place I have ever lived.

As for the terrorist attacks, I think you may have been watching a little too much fox news, why are you so eager to live in fear?

calldn,a lot of people work in NYC, and don't want a long commute. Find me a mansion for $500k within 30 minutes of midtown (door to door) with good schools.

sorry didn't read your whole post.

Calldn, why NYC? because practically everywhere else you need a car which requires insurance, gas, driving and sitting in traffic. NYC not only has public schools but museums, cultural attractions, the arts, public parks, public libraries, public transit, great shopping, plus all the people that these attributes attract. And fly-over country?

You didn't mention the restaurants/nightlife.

oh, yeah and jobs in many fields like advertising, fashion, finance, etc, that you don't find elsewhere.

I believe I've heard this debate before.

Oh yes, now I remember:

Green acres is the place for me.
Farm livin' is the life for me.
Land spreadin' out so far and wide
Keep Manhattan, just give me that countryside.

New York is where I'd rather stay.
I get allergic smelling hay.
I just adore a penthouse view.
Dah-ling I love you but give me Park Avenue.

...The chores.
...The stores.
...Fresh air.
...Times Square

Admittedly, I don't remember Zsa-Zsa mentioning terrorist threats so that's a bit of a twist on an old theme...