Comments on: Gary Watts… Where’s the Inversion? http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 04 Feb 2011 01:16:46 -0700 hourly 1 http://wordpress.org/?v=3.1 By: Southern California Real Estate Bubble Crash Blog » Blog Archive » Gary Watts’ Tenth Circle of Hell http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-15874 Southern California Real Estate Bubble Crash Blog » Blog Archive » Gary Watts’ Tenth Circle of Hell Fri, 19 Oct 2007 19:00:58 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-15874 [...] Machine (August 2006) Gary Watts… Ignorant Optimist or Deluded Sociopath? (October 2006) Gary Watts… Where’s the Inversion? (October 2006) Watts, Old Scoundrel, At it Again (February 2007) Who’s The Fanatic Now? (June [...] [...] Machine (August 2006) Gary Watts… Ignorant Optimist or Deluded Sociopath? (October 2006) Gary Watts… Where’s the Inversion? (October 2006) Watts, Old Scoundrel, At it Again (February 2007) Who’s The Fanatic Now? (June [...]

]]> By: Atlanta Real Estate http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-966 Atlanta Real Estate Tue, 02 Jan 2007 03:18:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-966 The problem is that the housing market is opaque. There is no public scoreboard for the market for housing, with clear bid and ask and sale prices. In the stock market, you can easily look and see what any stock is trading for, so you know what its derivatives (options) should be trading for. Not so in the housing market. The problem is that the housing market is opaque. There is no public scoreboard for the market for housing, with clear bid and ask and sale prices. In the stock market, you can easily look and see what any stock is trading for, so you know what its derivatives (options) should be trading for. Not so in the housing market.

]]> By: John Doe http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-967 John Doe Fri, 08 Dec 2006 17:35:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-967 Anon,<BR/><BR/>You're fooling yourself, much like Gary Watts, that there were people screaming don't buy in 2002 and 2003. Most bubble discussions didn't even start until 2004-2005. At which point, we were clearly in a bubble, and we will likely see prices below those amounts barring a dollar crunch.<BR/><BR/>I have heard Gary claim that people were professing bubble back in 2002 and 2003. I've never seen any MAINSTREAM discussions until 2005.<BR/><BR/>Sure, you can find all kinds of nutjobs screaming about the end of the world since about the time of Adam... it hasn't happened in more than 6000 years, but there's still nutjobs screaming about it. Anon,

You’re fooling yourself, much like Gary Watts, that there were people screaming don’t buy in 2002 and 2003. Most bubble discussions didn’t even start until 2004-2005. At which point, we were clearly in a bubble, and we will likely see prices below those amounts barring a dollar crunch.

I have heard Gary claim that people were professing bubble back in 2002 and 2003. I’ve never seen any MAINSTREAM discussions until 2005.

Sure, you can find all kinds of nutjobs screaming about the end of the world since about the time of Adam… it hasn’t happened in more than 6000 years, but there’s still nutjobs screaming about it.

]]> By: Anonymous http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-968 Anonymous Fri, 01 Dec 2006 19:29:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-968 The Naysayers of Gary Watts have to look back over the 2002 thru 2005 predicitions from Gary. He predicted significant increases each year and was very close even when other "Experts" were saying Bubble burst, major losses, etc. He was correct. So if he got 2006 wrong deal with it. My guess is that the unexpected enery prices had much to do with it, but he missed the target this year, why not beat up the others who made people miss the major upswings from 2002 thru 2005?<BR/><BR/>People easily forget to look at the rest of the story. The Naysayers of Gary Watts have to look back over the 2002 thru 2005 predicitions from Gary. He predicted significant increases each year and was very close even when other “Experts” were saying Bubble burst, major losses, etc. He was correct. So if he got 2006 wrong deal with it. My guess is that the unexpected enery prices had much to do with it, but he missed the target this year, why not beat up the others who made people miss the major upswings from 2002 thru 2005?

People easily forget to look at the rest of the story.

]]> By: frankzak http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-969 frankzak Wed, 29 Nov 2006 11:22:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-969 Tuesday, November 28, 2006<BR/>O.C. house prices fall for third month<BR/>The California Association of Realtors reported that the median price of a single-family home here was down 2.9 percent in October.<BR/>By JEFF COLLINS<BR/>The Orange County Register<BR/>The median price of an existing single-family house in Orange County fell from last year's level for the third month in a row, the California Association of Realtors reported today. <BR/><BR/>The association reported that the midpoint of all O.C. house sales last month was $681,340, compared to $701,520 in October 2005.<BR/><BR/>That's a decrease of 2.9 percent, and follows year-over-year price drops in August and September.<BR/><BR/>Sales continued their slide too, falling 21.4 percent from October 2005 levels, according to the association's monthly index.<BR/><BR/>This was the county's second home-price report for October. Earlier, DataQuick Information Systems reported that the median price of a single-family home was $665,000, or the same as it was in October 2005.<BR/><BR/>O.C. Register above<BR/>---------------------------------<BR/>Note: Dataquick appears outdated.<BR/>They need a new formula. My opinion. Tuesday, November 28, 2006
O.C. house prices fall for third month
The California Association of Realtors reported that the median price of a single-family home here was down 2.9 percent in October.
By JEFF COLLINS
The Orange County Register
The median price of an existing single-family house in Orange County fell from last year’s level for the third month in a row, the California Association of Realtors reported today.

The association reported that the midpoint of all O.C. house sales last month was $681,340, compared to $701,520 in October 2005.

That’s a decrease of 2.9 percent, and follows year-over-year price drops in August and September.

Sales continued their slide too, falling 21.4 percent from October 2005 levels, according to the association’s monthly index.

This was the county’s second home-price report for October. Earlier, DataQuick Information Systems reported that the median price of a single-family home was $665,000, or the same as it was in October 2005.

O.C. Register above
———————————
Note: Dataquick appears outdated.
They need a new formula. My opinion.

]]> By: B. Durbin http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-970 B. Durbin Sun, 29 Oct 2006 03:03:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-970 <I>Which</I> Attorney General? The one who is about to be elected?<BR/><BR/>Somehow, I don't think that real estate is currently on either candidate's radar, and as for Jerry Brown, I wouldn't begin to speculate on what he'll do when real estate comes up, because on similar decisions in the past (when he was Gov), his reactions have not been precisely what one would call predictable.<BR/><BR/>I know nothing about Poochigian's views on the matter. Which Attorney General? The one who is about to be elected?

Somehow, I don’t think that real estate is currently on either candidate’s radar, and as for Jerry Brown, I wouldn’t begin to speculate on what he’ll do when real estate comes up, because on similar decisions in the past (when he was Gov), his reactions have not been precisely what one would call predictable.

I know nothing about Poochigian’s views on the matter.

]]> By: oc-ed http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-971 oc-ed Sat, 28 Oct 2006 14:28:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-971 I am hoping the the CA AG will nail him for his published recommendations that agents collude by taking signage down and selling one property at a time per street. I am hoping the the CA AG will nail him for his published recommendations that agents collude by taking signage down and selling one property at a time per street.

]]> By: Anonymous http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-972 Anonymous Fri, 27 Oct 2006 17:06:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-972 It should be clear to anyone reading this that Gary Watt's "predictions" are merely self serving advertisments. Each one is designed to minimize poeple's fear so that the RE people can keep this sinking ship afloat.<BR/><BR/>Sink already, the free ride is over. It should be clear to anyone reading this that Gary Watt’s “predictions” are merely self serving advertisments. Each one is designed to minimize poeple’s fear so that the RE people can keep this sinking ship afloat.

Sink already, the free ride is over.

]]> By: John Doe http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-973 John Doe Thu, 26 Oct 2006 18:54:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-973 You're getting the numbers from Dataquick, right?<BR/><BR/>There is always a disconnect since the CAR uses a different dataset than DQ. Nevertheless, it's not happy time in 2006 like the Real Estate Industry promised us.<BR/><BR/>Maybe we can get a class action lawyer to start up a suit of 2006 buyers who were misled by Gary... put ImpactRE out of biz.<BR/><BR/>It's always healthy to put a little fear into people of esteem making those kinds of unfounded predictions. You’re getting the numbers from Dataquick, right?

There is always a disconnect since the CAR uses a different dataset than DQ. Nevertheless, it’s not happy time in 2006 like the Real Estate Industry promised us.

Maybe we can get a class action lawyer to start up a suit of 2006 buyers who were misled by Gary… put ImpactRE out of biz.

It’s always healthy to put a little fear into people of esteem making those kinds of unfounded predictions.

]]> By: Robert Coté http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html/comment-page-1#comment-974 Robert Coté Thu, 26 Oct 2006 18:49:00 +0000 http://www.socalbubble.com/2006/10/gary-watts-wheres-inversion.html#comment-974 VenCo is 3.1% down so far y-o-y versus Gary Watts' 17% in the bag (total) increase as predicted . The median is $615k so following Gary "The Pied Piper" Watts would have cost you $150,000 so far. VenCo is 3.1% down so far y-o-y versus Gary Watts’ 17% in the bag (total) increase as predicted . The median is $615k so following Gary “The Pied Piper” Watts would have cost you $150,000 so far.

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