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  1. #18026
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    Detroit is overpriced at any price
    . . .

  2. #18027
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    Quote Originally Posted by ColMan View Post
    https://www.yahoo.com/finance/news/r...040108315.html

    Top 10 U.S. overpriced housing markets
    1. Boise, Idaho -- 80.64%

    2. Austin, Texas -- 50.72%

    3. Ogden, Utah -- 49.70%

    4. Provo, Utah -- 46.16%

    5 . Detroit, Michigan -- 45.57%

    6. Spokane, Washington -- 45.21%

    7. Salt Lake City, Utah 42.41%

    8. Phoenix, Arizona -- 42.31%

    9. Las Vegas, Nevada -- 41.88%

    10. Stockton, California -- 38.50%
    But, why overpriced? I suspect average income levels are used vs purchase price, but, they don't say.

  3. #18028
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    Quote Originally Posted by Core Shot View Post
    Detroit is overpriced at any price
    Detroit is home to way more corporations and businesses that fucking Boise. Like, GM, to start.

  4. #18029
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    Quote Originally Posted by Benny Profane View Post
    Detroit is home to way more corporations and businesses that fucking Boise. Like, GM, to start.
    CS's point still stands.

    FTS.

  5. #18030
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    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?

  6. #18031
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    Quote Originally Posted by Benny Profane View Post
    But, why overpriced? I suspect average income levels are used vs purchase price, but, they don't say.
    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.

  7. #18032
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    Quote Originally Posted by dunfree View Post
    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.
    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.

  8. #18033
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    Quote Originally Posted by Benny Profane View Post
    Detroit is home to way more corporations and businesses than fucking Boise. Like, GM, to start.
    A vote for James Piotrowski could have fixed this.
    Boise is Raul Labrador country.
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  9. #18034
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    Quote Originally Posted by Timberridge View Post
    A vote for James Piotrowski could have fixed this.
    Boise is Raul Labrador country.
    Where is Pio?

    Talk about something we could recklessly speculate on.
    I still call it The Jake.

  10. #18035
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    Quote Originally Posted by Benny Profane View Post
    I don't know what "historical price index comparison" means.
    It’s a collation between price indices of the past

  11. #18036
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    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.
    why bless your heart bunny, here’s a biscuit for breakfast

  12. #18037
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    Quote Originally Posted by mcphee View Post
    It’s a collation between price indices of the past
    A "collation". Uh huh.

  13. #18038
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    Quote Originally Posted by dunfree View Post
    why bless your heart bunny, here’s a biscuit for breakfast
    So you have no idea, either.

  14. #18039
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    Quote Originally Posted by Benny Profane View Post
    A "collation". Uh huh.
    Bless your heart

  15. #18040
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    Quote Originally Posted by Benny Profane View Post
    So you have no idea, either.
    nah, you dementia ridden syphlitic boomer who won’t get the fuck off the snack bar, I gotta a good guess what it is. A lazy ass case Schiller curve fit , the you measure the difference, all set up to get free press.

  16. #18041
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    Quote Originally Posted by dunfree View Post
    nah, you dementia ridden syphlitic boomer who won’t get the fuck off the snack bar, I gotta a good guess what it is. A lazy ass case Schiller curve fit , the you measure the difference, all set up to get free press.
    Doubling down with a little smack. That'll work. Case Schiller, indeed.

  17. #18042
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    Quote Originally Posted by skaredshtles View Post
    That goes without saying...
    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.

  18. #18043
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    Quote Originally Posted by Benny Profane View Post
    Doubling down with a little smack. That'll work. Case Schiller, indeed.
    The Beracha and Johnson Housing Market Ranking is an extension of Case-Shiller and other readily available housing prices indices.
    go rim a sewer rat, while you fingerbang an opossum.

  19. #18044
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    Quote Originally Posted by mud View Post
    After 40 odd years I should stop caring.
    You really should. I stopped caring around 1987, when I started driving and discovered grrls. It was liberating...

  20. #18045
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    "The Beracha and Johnson Housing Market Ranking is an extension of Case-Shiller and other readily available housing prices indices."


    Quote Originally Posted by dunfree View Post
    go rim a sewer rat, while you fingerbang an opossum.
    Oh, well, that explains everything. Sorry for the confusion.

    Btw, is it a collation of something, too?

  21. #18046
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    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

  22. #18047
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    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

  23. #18048
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    "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.

  24. #18049
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    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. 

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  25. #18050
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    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.

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