Comments on: Real Homes of Genius All-Star Edition: Today we Salute you Compton. Investigating 3 Blocks of Housing Bubble History and Hundreds of Thousands of Dollars Lost.

By: compass rose

compass rose — Fri, 31 Jul 2009 20:31:12 +0000

FIVE MILLION HITS!??? Wow, I’m breaking open a 15 F. bottle of akkavit tonight. (Well, also because the heat finally broke and I could use a drink after our Death Valley temps this week. )
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DHB, it is good to know that your solid thinking and reporting is being read by so many intelligent people. Kudos to you! I can’t believe you haven’t exploded in a volcano of raging schadenfreude by now.
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On the photo-retouching, I like how the green blob is advancing to cover the shrub on the right side of the house and lapping up over the front walkway. This is almost as funny as the one I saw recently (here in the PNW) where the RealTor pasted in bouquets and bowls of fruit on countertops. They were proportioned all wrong (the apples were 1/4 the size of the microwave) and kinda…floating…and the effect was creepy.
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Nearly as bad as the time in 2000 the University of Wisconsin-Madison Photoshopped a black man into an all-white crowd scene in a brochure. Enjoy:
http://izismile.com/2009/07/13/ethnic_diversity_i_when_black_people_are_badly_photoshopped_11_pics.html
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But I digress. Home A looks like it’s being held prisoner with the garbage can as the bouncer. As for Home C, I think they Photoshopped in the house.
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rose

By: Gman

Gman — Thu, 30 Jul 2009 23:40:18 +0000

The 1990s Los Angeles housing bottom
Wednesday, July 29, 2009 Tim Iacono
http://themessthatgreenspanmade.blogspot.com/2009/07/1990s-los-angeles-housing-bottom.html (Use link to view chart)

…..I’ve pulled this chart out from the previous post for the benefit of those who didn’t make it all the way down to the bottom of what was a lengthy discourse on housing market bottoms.

Clearly, the experience of the Case Shiller data for the Los Angeles area in the 1990s is replete with many false starts, the ultimate bottom coming almost two years after the first positive month-to-month reading in the index with another bottom coming a full year later. ………

By: Andy

Andy — Thu, 30 Jul 2009 23:01:03 +0000

I wonder if reporters are in financial/housing pressure in their own live if it effects their opinion about the housing market. A small effort to save their own skin.

By: Cengiz

Cengiz — Thu, 30 Jul 2009 20:00:17 +0000

“We should not get carried away with the little up tick in the Case Shiller chart. Every bubble have and ups and downs on monthly basis and then a correction. The bottom will be flat for years so no need to hurry. The best explanation I can give to the small up tick is due the 90 day of foreclosure delay that artificially reduce inventory thus creating a bidding war from foolish knife catchers. In a year from now this ups tick will look like a little blip on the chart.”

Actually, no we should be worried, mostly because Case Shiller has no blips! During the run up, we had 55 straight months of improvement – no blips. The first “blip” came in mid 2006 and the bulls all said its just a blip – yeah a blip that carried for 34 months til May 2009!

Its easy to tell yourself this is a blip – and maybe it could be. There has only been one blip in the last 120+ runs in the CS 20, and that was back in 2001, a year after it got started. So yes, maybe this is the second such blip, in 120+ months, and thats what I am hoping for. However, I certainly am sitting up and paying attention now!

By: CompaJD

CompaJD — Thu, 30 Jul 2009 16:53:13 +0000

Congrats DHB. I probably provided you with at lease 300 of those hits. You are a necessity in today’s insane and corrupt world.