Page 724 of 751 FirstFirst ... 719 720 721 722 723 724 725 726 727 728 729 ... LastLast
Results 18,076 to 18,100 of 18758
  1. #18076
    Join Date
    Sep 2006
    Posts
    5,942
    Quote Originally Posted by mud View Post
    After 40 odd years I should stop caring.
    My other teams the Broncos and the Saints made it all the way after being at the rock bottom for decades but not the Lions.
    Every season they just find new ways to suck.
    Hey, look on the bright side though, the RE market in Detroit is looking up!!!
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  2. #18077
    Join Date
    Sep 2006
    Posts
    5,942
    Quote Originally Posted by Benny Profane View Post
    I don't see any explanation of methodology in that link, and I don't know what "historical price index comparison" means. Especially after the housing bubble in the mid aughts, in which Boise was extremely bubbled.
    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

  3. #18078
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,872
    "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.

    The world is perfect. Appreciate the details.

  4. #18079
    Join Date
    Mar 2019
    Posts
    541
    Quote Originally Posted by Benny Profane View Post
    "The Beracha and Johnson Housing Market Ranking is an extension of Case-Shiller and other readily available housing prices indices."


    Oh, well, that explains everything. Sorry for the confusion.

    Btw, is it a collation of something, too?
    Click image for larger version. 

Name:	Image1631838529.675837.jpg 
Views:	83 
Size:	158.6 KB 
ID:	385587

  5. #18080
    Join Date
    Aug 2016
    Posts
    3,770
    Quote Originally Posted by Benny Profane View Post
    "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.
    they take a trend line - like your room temp iq - and measure deviation from it. Like a sentient being on the plus side, or a summit county skier/TOSU homer on the minus. The difference is the over/under.

  6. #18081
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,872
    How the fuck could the market have any sort of stable trend line after 08 and about seven years before that?

    The world is perfect. Appreciate the details.

  7. #18082
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    14,380
    That article says Baltimore is underpriced

    I say all ye maggots need to invest there. Lol.
    “I’m a subhuman jizz monkey”

    Thx mods. It’s an awesome signature.

  8. #18083
    Join Date
    Aug 2008
    Location
    Where the climate suits my clothes.
    Posts
    4,931
    Quote Originally Posted by mud View Post
    ...My other teams...
    Huh??

  9. #18084
    Join Date
    Feb 2014
    Posts
    966
    Quote Originally Posted by Core Shot View Post
    That article says Baltimore is underpriced

    I say all ye maggots need to invest there. Lol.
    Just barely, according to the numbers, and it's correcting hard.

    House we rent was bought at auction for 80k three years ago, we could have bought something similar two years ago for about 120k. Last year, a 'developer' bought the shell of our immediate neighbor for about 110k and sold the reno for 180k. Another reno on our block just finished and there are two more that are current.

    West side, occasional drug related shooting a block or two away in front of the two corner stores. Not uncommon for there to be a car jacking at gunpoint about five blocks away in the newer development. They're about to break ground just north of the UMD Biopark on another one.

  10. #18085
    Join Date
    Aug 2016
    Posts
    3,770
    Quote Originally Posted by Core Shot View Post
    That article says Baltimore is underpriced

    I say all ye maggots need to invest there. Lol.
    Cum shot “tee hee, it’s black, I got ‘em!

  11. #18086
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    14,380
    Quote Originally Posted by dunfree View Post
    Cum shot “tee hee, it’s black, I got ‘em!
    Wow. You are a racist fuck.

    You would fit right in in Boise.
    “I’m a subhuman jizz monkey”

    Thx mods. It’s an awesome signature.

  12. #18087
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,872
    The housing theory of everything.

    https://www.worksinprogress.co/issue...of-everything/


    "The most dramatic evidence of housing scarcity can be seen in price rises over the past forty years. Average New York City metropolitan area house prices are up 706% since 1980 (or 376% more than US consumer prices, and 326% more than US wages). For San Francisco the rise is 932%. London house prices are up over 2,100% in that period (or around 1,500% more than wages). Prices in Sydney, Australia, have risen by 1,450% (compared to hourly wage increases of 480%). In Ireland, prices have risen by about 800% in that period, driven by rises in Dublin in particular. Rents show similar, but less extreme, trends, because they are not directly affected by interest rates.
    These prices range from about twice to four times the cost of building new homes of equivalent specification. This wedge, between build costs and house prices, is a rough proxy for how much extra cost is being driven by restrictions on new building.
    By contrast, almost every other household product has become better and less expensive since then. Compared to 1975, the number of hours a median American worker would have to work to buy a television fell from 60 hours in 1975 to 7 hours in 2013; to buy a fridge-freezer, it fell from 65 hours in 1975 to 20 hours in 2013; to buy a manual exercise treadmill, from 18 hours in 1975 to 6 hours in 2013; and to buy a washer-dryer, from 67 to 30 hours. Even cars are three times ‘cheaper’ in terms of hours worked on an average hourly wage now than they were in 1964. And none of these estimates accounts for how much better most of these products are now than they were in 1975"

    The world is perfect. Appreciate the details.

  13. #18088
    Join Date
    Oct 2007
    Posts
    10,337
    I'm gonna build a house out of TV's.

  14. #18089
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,872
    X

    The world is perfect. Appreciate the details.

  15. #18090
    Join Date
    Sep 2006
    Posts
    5,942
    Quote Originally Posted by Benny Profane View Post
    How the fuck could the market have any sort of stable trend line after 08 and about seven years before that?
    Well, by definition, the trend wouldn't be stable with the '08-'10 housing slump. That's what the smoothing algo's are for. Bottom line, as you have pointed out is that housing costs related to a bunch of consumer goods and wages is way out of whack.

    Invest in RE and not consumer electronics.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  16. #18091
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,872
    I don't know. I wish I could go back to 2000 or so and buy Apple for 20 bucks (before the splits).

    The world is perfect. Appreciate the details.

  17. #18092
    Join Date
    Aug 2016
    Posts
    3,770
    Quote Originally Posted by Benny Profane View Post
    The housing theory of everything.

    https://www.worksinprogress.co/issue...of-everything/


    "The most dramatic evidence of housing scarcity can be seen in price rises over the past forty years. Average New York City metropolitan area house prices are up 706% since 1980 (or 376% more than US consumer prices, and 326% more than US wages). For San Francisco the rise is 932%. London house prices are up over 2,100% in that period (or around 1,500% more than wages). Prices in Sydney, Australia, have risen by 1,450% (compared to hourly wage increases of 480%). In Ireland, prices have risen by about 800% in that period, driven by rises in Dublin in particular. Rents show similar, but less extreme, trends, because they are not directly affected by interest rates.
    These prices range from about twice to four times the cost of building new homes of equivalent specification. This wedge, between build costs and house prices, is a rough proxy for how much extra cost is being driven by restrictions on new building.
    By contrast, almost every other household product has become better and less expensive since then. Compared to 1975, the number of hours a median American worker would have to work to buy a television fell from 60 hours in 1975 to 7 hours in 2013; to buy a fridge-freezer, it fell from 65 hours in 1975 to 20 hours in 2013; to buy a manual exercise treadmill, from 18 hours in 1975 to 6 hours in 2013; and to buy a washer-dryer, from 67 to 30 hours. Even cars are three times ‘cheaper’ in terms of hours worked on an average hourly wage now than they were in 1964. And none of these estimates accounts for how much better most of these products are now than they were in 1975"
    That’s a lot of typing for people who refused to recognize one of the other factors for housing cost - construction worker productivity hasn’t keep pace with other sectors for decades.

  18. #18093
    Join Date
    Sep 2010
    Location
    Shuswap Highlands
    Posts
    3,306
    Quote Originally Posted by dunfree View Post
    That’s a lot of typing for people who refused to recognize one of the other factors for housing cost - construction worker productivity hasn’t keep pace with other sectors for decades.
    Reading FastFred's posts, and I can see why.

  19. #18094
    Join Date
    Dec 2004
    Location
    Where the sheets have no stains
    Posts
    16,943
    Quote Originally Posted by dunfree View Post
    That’s a lot of typing for people who refused to recognize one of the other factors for housing cost - construction worker productivity hasn’t keep pace with other sectors for decades.
    Depends on the product. I work a couple of projects right now where from excavation to landscape takes about 14 weeks.

    OTOH I have a bunch of custom homes that will take 30 months to complete and then another 3-12 months to finish landscaping. These are $ 700-1000 p/sq ft and 10K sq ft that the owners seem in no hurry to move in to as long as it is ready by Christmas, of what year remains to be seen.

    The former are pre-framed in a shop, the walls show up on a trailer and the roof is on in 3 days. The latter are built from as scratch as possible including portable mills on site for the timber work.

    They are all expensive.

    A decent carpenter can pull down good money these days.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

  20. #18095
    Join Date
    Sep 2006
    Posts
    5,942
    Toured this home a few weeks back - Price has been dropping like a stone. RE market definitely has turned down here in Bend, so for those mags who feel like they missed out, now's your chance!

    https://www.redfin.com/OR/Bend/2734-...5fbnVtYmVyPTA=
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  21. #18096
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    8,332
    Quote Originally Posted by Toadman View Post
    Toured this home a few weeks back - Price has been dropping like a stone. RE market definitely has turned down here in Bend, so for those mags who feel like they missed out, now's your chance!

    https://www.redfin.com/OR/Bend/2734-...5fbnVtYmVyPTA=

  22. #18097
    Join Date
    Mar 2008
    Location
    the ham
    Posts
    10,402
    Quote Originally Posted by Toadman View Post
    Toured this home a few weeks back - Price has been dropping like a stone. RE market definitely has turned down here in Bend, so for those mags who feel like they missed out, now's your chance!

    https://www.redfin.com/OR/Bend/2734-...5fbnVtYmVyPTA=
    I feel like Magnum's Ferrari should be parked in the driveway.

  23. #18098
    Join Date
    Sep 2006
    Posts
    5,942
    Quote Originally Posted by Ted Striker View Post
    I feel like Magnum's Ferrari should be parked in the driveway.
    The only problem is getting it up the driveway, which needs to be repaved. All the carpet flooring needs to be ripped up and replaced. Kitchen gutted and redone. Same for the bathrooms. New paint job. So for about $250k in remodel work, you can have a nice looking house, with awesome views.

    But, I'm guessing if the owners had listed that house 3 months earlier, they may have gotten some offers. Seeing lots of over priced listings cut prices by $100k here in Bend.
    "We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch

  24. #18099
    Join Date
    Jan 2008
    Location
    Big Sky/Moonlight Basin
    Posts
    11,482
    Quote Originally Posted by dunfree View Post
    That’s a lot of typing for people who refused to recognize one of the other factors for housing cost - construction worker productivity hasn’t keep pace with other sectors for decades.
    Explain nail guns. Seems like a huge productivity improvement.


    Sent from my iPad using TGR Forums
    "Zee damn fat skis are ruining zee piste !" -Oscar Schevlin

    "Hike up your skirt and grow a dick you fucking crybaby" -what Bunion said to Harry at the top of The Headwaters

  25. #18100
    Join Date
    Dec 2016
    Location
    In a van... down by the river
    Posts
    8,332
    Quote Originally Posted by Toadman View Post
    <snip> Kitchen gutted and redone. Same for the bathrooms.
    Just curious - why does this need to be done?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •