Results 18,026 to 18,050 of 26889
Thread: Real Estate Crash thread
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09-16-2021, 01:25 PM #18026
Detroit is overpriced at any price
. . .
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09-16-2021, 01:27 PM #18027
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09-16-2021, 01:29 PM #18028
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09-16-2021, 01:29 PM #18029
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09-16-2021, 02:06 PM #18030Registered User
- Join Date
- Feb 2008
- Posts
- 2,661
Posted a week ago as a 15,000 square foot double lot; this morning the empty lot was listed for sale separately and the original listing now states it's a 7,500 sq ft lot (but the same asking price):
https://www.redfin.com/WA/Bellingham.../home/15813773
Makes sense, but who's the nitwit that posted it as a double lot in the first place? Shouldn't you have that ironed out before you put it on the market?
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09-16-2021, 02:20 PM #18031
It’s a historical price index comparison
https://business.fau.edu/departments...-100/index.php
the notion that dc and nyc are “underpriced” is insane to me.
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09-16-2021, 02:35 PM #18032
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09-16-2021, 02:41 PM #18033
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09-16-2021, 02:43 PM #18034
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09-16-2021, 03:59 PM #18035
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09-16-2021, 04:15 PM #18036
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09-16-2021, 04:41 PM #18037
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09-16-2021, 04:42 PM #18038
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09-16-2021, 04:53 PM #18039
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09-16-2021, 04:55 PM #18040
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09-16-2021, 05:00 PM #18041
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09-16-2021, 05:02 PM #18042
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09-16-2021, 05:04 PM #18043
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09-16-2021, 05:06 PM #18044
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09-16-2021, 05:21 PM #18045
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09-16-2021, 05:42 PM #18046
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09-16-2021, 05:48 PM #18047
It's under the link and is titled "Methodology".
METHODOLOGY FOR HOUSING MARKET RANKING
The specific primary data employed is the Zillow Home Value Index (ZHVI). This measure is a smoothed and seasonally adjusted housing index that is reported monthly with a three-week lag. The ZHVI does not include the tails of reported transactions. Instead, it only reports closings in the 35th to 65th percentile range, which allows for a more accurate estimate of any local housing price trend. The ZHVI has been reported monthly since January of 1996, which is a sufficiently long enough time span for trend development.
Once the data is secured, we estimate via a logarithmic fit a housing price trend. This trend is employed to estimate a current ZHVI (housing price estimate), which is compared to the current actual ZHVI. From there, a Premium/Discount for a given market is calculated."We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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09-16-2021, 06:06 PM #18048
"Once the data is secured, we estimate via a logarithmic fit a housing price trend. This trend is employed to estimate a current ZHVI (housing price estimate), which is compared to the current actual ZHVI. From there, a Premium/Discount for a given market is calculated."
Oh. Sure. Makes sense. But, just to be sure, could you please explain wtf that is?
Listen, I think it's pretty simple. At least to me. Overpriced is a market over what the average income in that locale can afford. But, what do I know.
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09-16-2021, 06:28 PM #18049
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09-16-2021, 06:35 PM #18050
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