By WTF

June 21, 2007 7:12 PM | Link to this

So if we don’t hear or read bad news does that mean bad news won’t affect us?

That is ridiculous people continue blaming the press. How about blaming the press when nothing but good news came from the real estate market.

But, ok…..I’ll give in….please Palm Beach Post stop printing pessimistic stories…I live in a perfect world and it will remain perfect so long as I don’t read/see/hear bad news……

By Predictions of Doom Funnies

June 21, 2007 8:07 PM | Link to this

I don’t know if I should ostracize Ostrowski for not being able to read, because this is a bit of slight of hand by the author of the article.

She begins with a headline indicating rising interest rates will impact two things:

1. Mortgage rates

2. The stock market, since rising bond returns make stocks less appealing. THIS IS THE PART ABOUT THE BLOOD BATH.

She then goes on to write an article about sub-prime mortgages, etc. etc.

However, that paragraph quoting Mr. Kiesle had nothing to do with the rest of the article. In fact, Mr. Kiesle is not in the real estate business. He is in the bond business, and most of his products are not related to mortgage securities.

His remark about “blood bath” had to do with a stock market meltdown, NOT REAL ESTATE. NOWHERE DOES THE ARTICLE SAY REAL ESTATE WILL CAUSE “BLOOD IN THE STREETS,” as our illiterate reporter friend Jeff states so matter-of-factly.

But once again, casuistry on the part of a writer, and dyslexia on the part of Jeff, cause another false alarm bell to go off about real estate, in the very column where Jeff is trying to deny such incidents.

ROFL

Unbelievable.

By Old Dog Realtor

June 21, 2007 8:41 PM | Link to this

Jeff Ostrowski lives if Cowards empty skull, rent-free. :)

By Curious

June 21, 2007 9:23 PM | Link to this

Sorry, Lorraine, but facts is facts:

Local home prices likely to keep falling

By ROBERT BARBA robert.barba@scripps.com

June 21, 2007

“Home prices in parts of the Treasure Coast, along with most of South Florida, probably will sag further in the next two years, according to study released Tuesday by the PMI Mortgage Insurance Co. of Walnut Creek, Calif.

The Port St. Lucie-Fort Pierce metropolitan statistical area, which includes Stuart, has a 61.5 percent chance that home prices will fall in the next two years, said LaVaughn Henry, director of economic analysis for PMI, which publishes a quarterly report about the economy and real estate trends.”

Rate Rise Pushes Housing, Economy to `Blood Bath’ (Update2)

By Kathleen M. Howley

June 20 (Bloomberg) –

“The worst is yet to come for the U.S. housing market.

The jump in 30-year mortgage rates by more than a half a percentage point to 6.74 percent in the past five weeks is putting a crimp on borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified buyers. The national median home price is poised for its first annual decline since the Great Depression, and the supply of unsold homes is at a record 4.2 million, the National Association of Realtors reported.”

CONDO CONVERTERS

Puig’s bankruptcy may be one of many more to come

Condo converter Puig Inc. is a casualty of the housing downturn.

Some think the Hialeah company’s bankruptcy may be one of many more to come.

BY MATTHEW HAGGMAN mhaggman@MiamiHerald.com

“Since South Florida’s raucous real estate party ended, the hangover has taken different forms — sales plunging, foreclosures rising, lawsuits flying.

Now, a Hialeah condo conversion company has gone bankrupt in one of the biggest bankruptcy cases yet to come out of the soured housing market.

Puig, a private condo conversion company in Hialeah, is seeking protection from creditors who claim they were stiffed for nearly $120 million. Founder Juan Puig relinquished operations to corporate turnaround specialist Ron Glass in April, and lawyers are set to return to U.S. Bankruptcy Court in Miami today.

The case may be one of many more to come — or so think the law and accounting firms that have launched or beefed up distressed property divisions for months.”

By Old Dog Realtor

June 21, 2007 9:35 PM | Link to this

Let the wheels come of this monstrosity of a market…. just like back in the early 90’s.

By More Curious an Old Dog Funnies

June 21, 2007 9:35 PM | Link to this

It’s unbelievable, but you saw it right.

Curious is so dumb he actually reprinted the article the blog is about.

And Old Dog can’t get ONE insulting sentence out correctly.

HA HA HA HA HA HA

By educated reader

June 21, 2007 10:01 PM | Link to this

Predicition of Doom Funnies

You have no idea what you are talking about. The rout in the sub prime bond market is all about liquidity. Ie the ability of the person buying your home having the opportunity to obtain an AFORDABLE mortgage. The deals of the last few years were you needed very little down and easily qaulified for 2/28 loans are gone. As interest rates rise home prices will decrease. Florida is also in worse shape than other markets because we have a large 2nd home market and loads of people with unvarifiable incomes.

The CDO market is just begining to takes it hits. It will not be pretty.

By educated reader

June 21, 2007 10:01 PM | Link to this

Predicition of Doom Funnies

You have no idea what you are talking about. The rout in the sub prime bond market is all about liquidity. Ie the ability of the person buying your home having the opportunity to obtain an AFORDABLE mortgage. The deals of the last few years were you needed very little down and easily qaulified for 2/28 loans are gone. As interest rates rise home prices will decrease. Florida is also in worse shape than other markets because we have a large 2nd home market and loads of people with unvarifiable incomes.

The CDO market is just begining to takes it hits. It will not be pretty.

By educated reader

June 21, 2007 10:01 PM | Link to this

Predicition of Doom Funnies

You have no idea what you are talking about. The rout in the sub prime bond market is all about liquidity. Ie the ability of the person buying your home having the opportunity to obtain an AFORDABLE mortgage. The deals of the last few years were you needed very little down and easily qaulified for 2/28 loans are gone. As interest rates rise home prices will decrease. Florida is also in worse shape than other markets because we have a large 2nd home market and loads of people with unvarifiable incomes.

The CDO market is just begining to takes it hits. It will not be pretty.

By educated reader

June 21, 2007 10:02 PM | Link to this

Predicition of Doom Funnies

You have no idea what you are talking about. The rout in the sub prime bond market is all about liquidity. Ie the ability of the person buying your home having the opportunity to obtain an AFORDABLE mortgage. The deals of the last few years were you needed very little down and easily qaulified for 2/28 loans are gone. As interest rates rise home prices will decrease. Florida is also in worse shape than other markets because we have a large 2nd home market and loads of people with unvarifiable incomes.

The CDO market is just begining to takes it hits. It will not be pretty.

By Cant resist

June 21, 2007 10:49 PM | Link to this

HEY EDUCATED READER~! Perhaps you could read the warning below that it takes up to 5 minutes for your post to show up - so no more hitting the post button multiple times, OK?

By Educated Reader Funnies

June 21, 2007 11:24 PM | Link to this

I guess educated reader didn’t read THAT part, Can’t Resist.

Hey E/R - You would be a lot more impressive if you just figured out how not to post the same thing 4 times.

Meantime, all the prophets of doom have one thing in common: nothing they predict actually happens.

Scroll back and see some of the predictions from last year. By now we were supposed to be in the deepest chasm the nation had fallen into since the Great Depression.

To all the b******t artists making predictions:

Stop predicting.

Show me.

By Nascar WIllie

June 22, 2007 8:15 AM | Link to this

Hey Richey-Send that email u sent me the other day again, the wifey done red x’ed it…

NASCAR

By Old Dog Realtor

June 22, 2007 8:36 AM | Link to this

…… and the prices continue to fall…… let’em crash to the floor. ;)

By More Old Dog Funnies

June 22, 2007 10:21 AM | Link to this

And the prices in PBC continue to stay up while Old Dog crashes to the floor.

Oh sh—, he just wet his diapers again.

By cw1900

June 22, 2007 10:36 AM | Link to this

Ok, here’s the deal. Before I get into Gov Charlie’s appearance in our fair county yesterday, let me respond to “Liars are politicians”. He spent a good deal of time analyzing my every word, so it’s the least I can do. I hope this isn’t too long, but here goes. I type fast and I have alot going on inside my skull, so hang on, you people….

Don’t hate me because I’m beautiful…

Next…

Charlie was in Palm Springs yesterday.

“Crist trumpets state’s ‘largest tax cut’ while plugging vote for more savings”

Let’s go through the article step by step, shall we?

“We’re here to celebrate Florida’s largest tax cut in our history,” Crist told a crowd at a firefighter’s home near Palm Springs. “Property taxes in Florida will drop like a rock.”

“In Palm Beach County, Crist visited the home of Mike and Jeanette Waddle and their three children. The event attracted about 15 neighbors to the Waddles’ front yard on Berkshire Drive.

“This is going to make a big difference in our family, because it’s going to give me more money to do what we want to do as a family,” Jeanette Waddle said. “It’s going to give me more money to make my children’s life better.”

Ok, number one, I’ll believe it when I see it. Next, and I really hate to say this, and it just has to be said, but this took place at a firefighter’s house??…..I know, I know, the clean cut, white, good little housewife chick with 2 point 6 children and the white picket fence, wrote to the Gov, but I’m sure many people wrote to the Gov, including “Liars are politicians”, but you don’t see the Governor at “Liars are politicians’s” house, do you? Extreme pandering, pure and simple. I’ve said enough about the saints, the firefighters, the great protectors, because I get beaten up every time I ask for a little fiscal sanity out of our police and fire budgets, and how I question the bandwagon pandering to police, fire, and teachers and this nonsense of special tax incentives, and affordable housing money for this crowd. It’s all a load.

“For the Waddles, it could mean a tax bill of $1,600 instead of the $4,650 they paid last year.

The family could have paid $4,100 this year but does not have the $25,000 homestead exemption allowed by law. But Jeanette Waddle, who met Crist at a town hall meeting in April after writing him a letter complaining about her taxes, said she planned to apply for the exemption.”

Ok, so we’re supposed to feel sorry for this family. They bought what is the probably the largest purchase of their lives, and they didn’t do the homework necessary to know what their costs were going to be in the future? She didn’t know that her tax bill was going to be larger than the previous owner’s was? Cmon, it’s the same thing I’ve said over and over again. Half-assed planning. They didn’t do their homework, and it’s Charlie to the rescue. You have got to be kidding me. I will guarantee you she did her homework and did her comparison shopping, and knew all the costs involved the last time she shopped her cell phone plan or when she and hubby went to Best Buy to get a new DVD player, but her largest purchase ever? HeII no!

Here’s the best part…This chick spends so much time as complainer about her plight as just a little, innocent solid family with a Godlike figure of a firefighter as the head of the household, just trying to scrape along in this big, bad world, that she didn’t even bother to go down and apply for homestead exemption?!!? What??? Oh, but she’ll make sure she does it this year, she says. This lady screwed up and wants us to feel sorry for her and have Charlie do something about it. Typical, very typical. I’ll bet she doesn’t forget what time her favorite sitcom comes on tv, does she? I’m about ready to throw up all over my monitor.

The husband needs to step up to the plate and have a clue about his housing costs, but I will admit he is right about one thing….

“Firefighters have opposed the constitutional amendment, saying it could cost jobs and hurt emergency services. But Mike Waddle, a Greenacres firefighter, doesn’t think that will happen.

“Honestly, I think it’s more of a scare tactic,” he said.”

Even the firefighters are now starting to admit the scare tactics. Didn’t a few of us say that in the past few weeks and get crucified for it?

What is the biggest issue that is the least discussed, is the fact that if the proposed tax reform is voted in, sure, in the short term, there will be some tax benefits, but if you plan on living in the house for quite a few years, Mr. & Mrs. Waddle, you’re going to pay through the nose eventually. Your taxes will rise far faster than the old SOH, so be very careful what you ask for, you just might get it.

Once again, your legislators have come up with a plan that makes them look good in the near term to get re-elected, but in the long run, you, the taxpayer gets pounded with much higher taxes in the end.

It doesn’t matter to Sen. Jeff Atwater what happens to The Waddle’s in the long run, he won’t care, he’ll be in Washington in the Senate.

It doesn’t matter to Delray Beach Democratic Reps. Richard Machek and Maria Sachs what happens to The Waddle’s in the long run, they won’t care, they’ll be in Washington working as lobbyists.

It doesn’t matter to Charlie Crist what happens to The Waddle’s in the long run, he won’t care, he’ll be in Washington as a Senator or The President. Do you think the “Gov. Crist, you’re awesome,” she said. “You are absolutely awesome.” was by accident. He has higher aspirations.

The Waddle’s have been played by people much smarter and devious than they.

I have a feeling this tax reform is going to end very badly for some of you Savior admirers out there.

Now, “Liars are politicians”, was there any “presumptive arrogance” in this post, or is it just a good, healthy bit of skepticism?

Question Authority! Turn on, tune in, drop out…. Max, my old hippie friend who has good taste in music, just smiled on that last line.

cw

By To CW

June 22, 2007 11:14 AM | Link to this

This may be from a little before Max’s time, but a guy I am renting a house to was able to negotiate a handsome break on the rent — basically because he liked the Grateful Dead and Hot Tuna.

IS there a business lesson here? Actually there is. The folks crowing about how they stick it to their landlord don’t realize how much less expensive — and more pleasant — their life could be if they lost the attitude.

An investment in a paperback copy of Dale Carnegie’s “How to Make Friends and Influence People” is in order for people like them and Old Dog, who makes no money because he turns people off with the attitude he displays in this column.

By Nascar WIllie

June 22, 2007 11:45 AM | Link to this

Rich-Stop sendin me dem photos of you and dem dogs…Not interested in that. Only want u to tell me bout’ some real estate here in alabamey… NASCAR

By Dog gonnit

June 22, 2007 11:53 AM | Link to this

That’s not a picture of his dog but his wife.

By Old Dog Realtor

June 22, 2007 12:16 PM | Link to this

The only winner here is me…. and I’m living in a youngsters empty skull, rent-free.

By Old Dog Realtor

June 22, 2007 12:58 PM | Link to this

The only loser here is me…. and I’m living in a dumpster with an empty skull, because it’s rent-free.

By Old Dog Realtor

June 22, 2007 1:05 PM | Link to this

The only winner here is me…. and I’m living in a youngsters empty skull, rent-free.

By Old Dog Realtor

June 22, 2007 1:10 PM | Link to this

The only winner here is me…. and I’m living in a youngsters empty skull, rent-free.

By you idiots

June 22, 2007 1:16 PM | Link to this

old dog is a troll on this blog, that is obvious.

trolls on blogs are to be ignored.

waste of time. bring nothing to the table.

big tractor. no crop.

By Old Dog Realtor

June 22, 2007 1:24 PM | Link to this

But living in the vast open space of a youngsters skull is a joyful experience. And he keeps coming back for more abuse!!! :):):)

By STEVEN

June 22, 2007 1:37 PM | Link to this

Just becuase they rite stuff in the paper about real estate going bad doesn’t mean that it is newspapers falt.

the lady in port sainte lucy made herselve look silly thats what i think today.

By Old Dog BIG Funnies

June 22, 2007 2:31 PM | Link to this

“The only winner here is me.”

HA HHA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA AH H AH AH AHA HA AH HA HA HA HA HA AH AH A H

An ancient, incontinent, imnpoverished, ignorant Southern Redneck…. a real winner!

HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA AH

Old Dog, it’s time for you to howdy with your local Social Security office. Being 65, disabled, and having no income or assets, you qualify for SSI.

By Old Dog Realtor

June 22, 2007 2:47 PM | Link to this

The only winner here is me…. and I’m living in a youngsters empty skull, rent-free.

Sing it boy!!!!!! :)

By Wondering

June 22, 2007 3:24 PM | Link to this

WHAT HAS HAPPENED TO THIS BLOG?

By Rich R

June 22, 2007 4:15 PM | Link to this

CW,

Nicely said!

Buckle your seats belts SoFla, the next 18 months is going to hurt.

By Rich has nothing to offer

June 22, 2007 4:38 PM | Link to this

Your last 18 months prediction didn’t fare very well. So now it’s the next 18 months and so on.

Rich, You’re so bitter about Florida. It’s difficult to figure out why you have so much interest here. There is a motive why you’re on this blog. It’s not for enjoyment. You’re either a complete lunatic and trying to sell something.

Somebody else said this before and i agree with their statement. You have no sincere intentions in trying to help or guide anyone.

It seems that you get off in hearing about peoples financial struggles and wish the worst for those who live i n Florida.

One word describes what you are. A complete fraud.

By More Rich R Funnies

June 22, 2007 4:43 PM | Link to this

“Buckle your seats belts SoFla, the next 18 months is going to hurt.”

Why Rich? Are you moving back?

Actually, Rich,. that’s what you said 18 months ago. Care to see some of your predictions of immediate doom from back then?

ALL THE B******T ARTISTS:

Don’t make predictions.

Show us your disaster.

Show us your New Depression.

When it happens, you can say “I told you so.” Until then you just sound like senile nuts that you are.

By ToWondering

June 22, 2007 4:56 PM | Link to this

re : “What has happened to this blog” -

see “Lord of the Flies”

By Some Things Never Change

June 22, 2007 5:00 PM | Link to this

Less than 18 months, Funnies, but your point is well taken.

From the second comment ever made on the blog, May 4, 2006. It concluded:

“Prices are softening and will continue to do so for many months to come. The blood letting is just beginning.”

The FAR numbers that had just been published showed a median for SFH in PBC of $372,300. It is higher today by 4 thousand.

You people have made asses of yourselves again and again and again and again for more than a year, and the more of your predictions that fall flat, the more you push out the time line and the more tragic your prophecies become.

If you keep this up for enough years, eventually there will be a terrorist attack or act of God or something, the economy will dip, and you will proclaim: AHA!!! I told you so!

Even a stopped watch is right twice a day.

By Old Dog Realtor

June 22, 2007 5:53 PM | Link to this

So the median goes up 4k, therefore, higher end stuff is selling. Meanwhile, all entry level properties sit.

Thank you for proving our point.

By CW reader

June 22, 2007 6:35 PM | Link to this

CW,

I 1000% agree. That was the best blog you’ve ever written. When I read that story in the newspaper this morning, I was thinking the same thing. She didn’t apply for homestead, with all this press coverage on tax issues these days? I find that hard to swallow.

I’d rather read CWs morning blog than the editorial page of this newspaper. He let’s it fly and speaks some sense.

Put me down in his column for those of you keeping score.

By More Old Dog Funnies

June 22, 2007 8:08 PM | Link to this

“… all entry level properties sit.”

What is an entry level property? Is that a condo on the first floor? “Nah - I don’t have to climb stairs, I have an entry-level property.” Or is it a property for new people in the corporate world? “Now that I’m a cub reporter like Jeff, I’m going to buy an entry level home.”

And this is a Realtor? I bet you he is full of s**t.

There is NO question it is harder to sell a house these days, and there is no question they will sell for 10% less than the 1,500 houses that sold within 8 or 9 weeks of the hurricane.

But trying to create a real estate crisis out of that, at least in PBC, is a fool’s errand — and our fools are only to happy to take up the task.

By Old Dog Realtor

June 22, 2007 8:14 PM | Link to this

Let the prices fall fall fall… Let the realtors starve starve starve. lmao.

By More Old Dog Funnies

June 22, 2007 8:20 PM | Link to this

Q: So is Old Dog realtor sstarving, or is he not a Realtor?

A: Both!!!!!

HA HA HA HA HA HA HA

The voice of the Have-nots has always been unmistakenly clear on this blog, and it’s the whining piddling bark of Old Dog.

By Old Dog Realtor

June 22, 2007 8:32 PM | Link to this

The only winner here is me…. And I’m living in your underage skull rent free…

By Storm Comin'

June 22, 2007 8:41 PM | Link to this

Storm pickin’ up, Old Dog. Best secure the double-wide. Get Maw and the chickens and the cows into the living room. Put on some Bogey films while the generator lasts.

HA HA H AH HA HA HA H AH H A HA HA HA HA HA HA HA HA

By Breaking News

June 22, 2007 8:59 PM | Link to this

There’s much more entertainment in the section regarding the Monster Truck in the home page.

By Old Dog Realtor

June 22, 2007 9:26 PM | Link to this

Sing it boy! :)

By Yowsa Old Dog

June 22, 2007 9:40 PM | Link to this

Yowsa Old Honkey Dog

By Old Dog Realtor

June 22, 2007 9:52 PM | Link to this

Sing it! Sing it boi!

By Yowsa Yowsa

June 22, 2007 10:13 PM | Link to this

Yowsa Old Scumbag Nazi Piece of S**t Motherf**ker Dog, Suh!

By Liars are politicians

June 22, 2007 10:41 PM | Link to this

CW, MY OLD PAL: We have much more in common I think than u might think. What I object to where you are concered, is a tendendancy to sarcastic and/or judgemental commentary…)

You said: “Ok, so we’re supposed to feel sorry for this family” ?

Who said we were supposed to ‘feel sorry’ for them - You appear to take delight in slamming them about not doing their homework. Why? The problem with the system would still exist regardless of this particular family - it’s too stupid for words and needs to be fixed.

The issue is not about “this family” for me - or their ignorance in protecting their own interests - it’s about the inequity of the system itself - which is affecting all kinds of people, including those who DID do their homework (me) but are still stuck in their home because OTHER PEOPLE can’t/won’t move and lose their SOH.

When I read this story about the Waddells-who-drank-the-Crist-koolaid I wanted to retch. It is, as you noted, classic political PR, ACCOMMODATED BY THE POST. Know what happened when I called the reporter on the PR-ONLY coverage? He defended the report - but then when I challenged him to defend the UN-REBUTTED article he went silent.

What’s my point? the media, in this case the Post, is helping the politicians pull off this scam, and they both absolutely salivate over the type of photo op provided by the (probably very nice but unsophisticated) Waddells.

The points you do have to make CW are understood, but it would be great if you could make them from a slightly less judgemental perch.

Fortunately for me, I am out of the market for now - with other options. But for others who are in real danger of losing their homes, etc., for whatever reason, I DO FEEL SORRY FOR THEM - and it takes absolutely no effort for that type of compassion.

C ya cw!

By Curious

June 22, 2007 11:03 PM | Link to this

Most amusing and entertaining post in a number of weeks has been this one:

By STEVEN

June 22, 2007 1:37 PM | Link to this

“Just becuase they rite stuff in the paper about real estate going bad doesn’t mean that it is newspapers falt.

the lady in port sainte lucy made herselve look silly thats what i think today.”

Anyone else think this is a shill playing stupid and pullin our legs?

By Old Dog Realtor

June 23, 2007 9:00 AM | Link to this

Keep singing boi!!!!

By Yowsa

June 23, 2007 12:28 PM | Link to this

Yowsa Old Motherf**ker!

HA HA H AH AH H A HA HA HA H AH H A

This old cracker is actually too stupid to get tired of the abuse!

By Old Dog Realtor

June 23, 2007 12:32 PM | Link to this

Sing it boi!! Sing sing sing!

By .

June 23, 2007 12:39 PM | Link to this

Stop it already. The old man is defenseless and has is just going to let you s**t on him. Pick on someone who isn’t helpless.

By Woof

June 23, 2007 12:43 PM | Link to this

Old dog has their number, and will outlast foulmouths.

Nice job Old Dog.

By Old Dog Realtor

June 23, 2007 12:43 PM | Link to this

Repeat after me coward: The only winner here is he, and he’s living in my head rent-free……

By MYOB DOT

June 23, 2007 12:49 PM | Link to this

What is it your business, Dot, if Old F**k is not complaining about it? They are raised like this, they are used to being abused. Go rescue a wounded bird.

By Old Dog Realtor

June 23, 2007 12:55 PM | Link to this

Sing boi…. do it..

By No foul language

June 23, 2007 1:17 PM | Link to this

Go fornicate with your Mom, Old Dog…do it!

By Old Dog Realtor

June 23, 2007 5:33 PM | Link to this

Repeat after me coward: The only winner here is he, and he’s living in my head rent-free……

By Old Dog Digs Mom

June 23, 2007 8:07 PM | Link to this

Go fornicate with your Mom, Old Dog…do it!

By Old Dog Realtor

June 23, 2007 8:30 PM | Link to this

Don your heels, lift your skirt and squeeze those little balls hard and sing, the only winner here is HE, and HE’s living in my empty skull, rent-free….. Do it young man… Do it now!!!!

By Where's Old Dog?

June 23, 2007 10:50 PM | Link to this

Let;s see how late our resident white trash Old Dog can stay awake. I would say stay up but he hasn’t been “up” in 50 years.

By Old Dog is TOO Easy

June 24, 2007 1:17 AM | Link to this

Well, Old Dog may be a feisty white trash piece of crap, but it doesn’t take much to get by him. He can’t stay up past the evening news to argue LOL.

So check about 9 in the morning for his next one-sentence brilliance, or more likely a cut and paste of the SAME 1-sentence masterpiece.

Who is Old Dog and why is he so vicious and so determined? Good chance this is Realist seeking revenge for being outed as John J. Gillen, age 64, email john.j.gillen@verizson.com or jgillen7@msn.com .

By Realist

June 24, 2007 11:01 AM | Link to this

I thought I was Rich R. and then John Gillen now I am old dog!? Max give it up. You don’t have a clue nor will you ever. Anyway, I saw the median is up again, at this rate by this time next year the volume will be one sale of a 2 million dollar home. So I guess prices will still be up? How is that volume going? HA HA . Don’t worry Max I am still here watching you, when you step out of your box I will put you back in again.

By Old Dog Realtor

June 24, 2007 1:49 PM | Link to this

You’re me and I”m you. John Gilligan too….. SING IT BOI!

By Old Dog Funnies

June 25, 2007 12:28 AM | Link to this

John Gilligan HA HA HA HA HA

A HA HA HA HA HA HA

You may be a stupid, impoverished Florida cracker, Old Fart, but at least you’re entertaining.

John Gilligan. I like that. Maybe we can call Ocoee Gilligan’s Island.

By Actuary to Realist

June 25, 2007 3:32 AM | Link to this

I am not Max and being fairly new I am not sure who Max is.

But I have a question. Are you saying you have seen May FAR figures? Where can I find them?

Pardon me, but I am not sure you understand mean and median correctly. Mean is not very sensitive to extreme scores at one end or the other of a distribution.

For example:

scores 200 300 and 400, mean = 300 and median = 300.

scores = 200 300 and 1,000,000 , mean = 333,433.33 but median still = 300.

Your argument may be valid for the IPRE averages someone printed in antoher topic, I think, but not for FAR median. Sales of a few high-end homes have little effect.

By To Actuary

June 25, 2007 9:03 AM | Link to this

Don’t forget about volume when you are taking median home prices. High end home volume hasn’t gone down much, if at all. Lower end sales have dried up. That results in the median being skewed higher.

One thing that is helpful about IPRE is that it breaks down home sales/inventory by market segments.

By TO: To Actuary

June 25, 2007 10:47 AM | Link to this

Actually, that is not true about lower end sales drying up. Here are the sales broken down by category and per centages for 9/06 and the latest 5/07.

1 mil 3% 7

500 + 10% 16%

300 + 33% 25%

200 + 31% 27%

100 + 20% 20%

< 100 3% 5%

The curve flattened out so there were gains at both the high end and low end, although slightly more at the high end. The biggest gains were NOT in the ultra-high category, but in people moving up in the middle categories, like from 300+ to 500+.

But is that really moving up? More likely that is prices moving up.

I would like to buy a home. I have waited for a year now for a price break, and was very encouraged last September. Since then, however, waiting has been a disasterous strategy for me personally. Maybe I can find someone bailing out and get a bargain, but investors seem to sniff these places out before I can.

I am apprehensive about buying because of all the fears of a crash floating around. But then I see people coming on here mouthing off about prices currently falling and I realize they don’t know what they are talking about.

It is really nerve-racking. If there isn’t a price break soon I will really have lost a lot of money by waiting. I can’t go live in Fort Myers. I need that break HERE and NOW.

By P.S.

June 25, 2007 11:13 AM | Link to this

Being the good underpaid employee that I am, I should add the following note to the per centages I gave. They were all based on almost equal volume, 729 in 9/06, 720 in 05/07. SOOOOOoooooooo there is no argument to be made for changing volumes affect the results.

By Old Dog Realtor

June 25, 2007 7:00 PM | Link to this

Down down down we go, down the market curve, merrily merrily merrily merrily, bull markets but a memory…. :):):)

By Old Dog Realtor

July 1, 2007 1:09 PM | Link to this

The real estate, comes tumbling down…The real estate, comes tumbling down…The real estate, comes tumbling down… Tumbling tumbling, tubmling tumbling down!!!

By Old Dog Realtor

July 4, 2007 6:37 PM | Link to this

Let it crash Let it crash Let it crash;:)