tag:blogger.com,1999:blog-27704294.post4893134804603428897..comments2009-04-07T21:57:56.846-04:00Keithhttp://www.blogger.com/profile/07662437220419488495noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-27704294.post-23014070897097968472009-04-07T21:29:00.000-04:002009-04-07T21:29:00.000-04:00Thanks so much for your myth busting! I love your site.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27704294.post-15442568400217401232009-04-07T07:21:00.000-04:002009-04-07T07:21:00.000-04:00i've always thought the real estate section of the post was full of crap and written by real estate agents as essentially propaganda. <BR/><BR/>the post is in big financial trouble. who do you think pays big advertising dollars in the real estate section....you do the math.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27704294.post-62429816962266013932009-04-02T21:16:00.000-04:002009-04-02T21:16:00.000-04:00Anonymous 12:31<BR/><BR/>The WaPo's condo report is laughable. They under report 2008 home sales by about 1/3 and condo sales by 2/3. Good "in-depth analysis".<BR/><BR/>It's unfortunate readers take it as truth.Keithhttp://www.blogger.com/profile/07662437220419488495noreply@blogger.comtag:blogger.com,1999:blog-27704294.post-33350515495787024962009-04-01T13:25:00.000-04:002009-04-01T13:25:00.000-04:00Anon 11:28<BR/><BR/>There&#39;s a method to the madness.<BR/><BR/>* Interest rates are at historic lows.<BR/>* Conforming loan limits have been raised to &gt; $700K in 2009 so you can get the 4.6-5% interest rates.<BR/>* The interest payment on the loan would equal my current rent, so the incremental cost is low [ignoring PMI, taxes, and insurance].<BR/>* I plan to stay in the place 15 years.<BR/>* I have no expectation of paying full price. I plan to let the seller take the future loss in value through a lower price and/or seller credit. I&#39;ve seen homes reduce prices by $50-75K at a pop and not sell even after $100K price reductions. I&#39;ve seen new condos lower prices by $56K.<BR/>* I don&#39;t have to buy. I can wait. So if I find the right place and can get it at the right price, deal. Otherwise, I wait.Keithhttp://www.blogger.com/profile/07662437220419488495noreply@blogger.comtag:blogger.com,1999:blog-27704294.post-90284631346565070752009-04-01T13:13:00.000-04:002009-04-01T13:13:00.000-04:00Anon 12:31<BR/><BR/>I'd sent the reporter an email asking for clarity on the data and received no reply.<BR/><BR/>Even if their data is limited to homes [detached / semi-detached / rowhouses], it is still way off. Look at my data and MRIS'. Assuming condos are excluded, they're still under reporting by about 33%.<BR/><BR/>Missed the condo report - there was nothing in the printed newspaper about condos so I didn't bother looking for it too hard on their site. I will look at the link later. Historically, their condo data has been even worse and they've admitted it.Keithhttp://www.blogger.com/profile/07662437220419488495noreply@blogger.comtag:blogger.com,1999:blog-27704294.post-28703262807075990892009-04-01T12:31:00.000-04:002009-04-01T12:31:00.000-04:00Keith - you may not know this, but their report is for homes only. They do a separate report for condos as well.<BR/><BR/>http://www.washingtonpost.com/wp-srv/realestate/features/2009/housing-review/property-values/condos.html<BR/><BR/>Adding the condos back in doesnt square the numbers, but at least it makes them closer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27704294.post-35164985553637357842009-04-01T11:28:00.000-04:002009-04-01T11:28:00.000-04:00I agree with Anon 8:07. For the life of me I can't understand how someone who has spent as much time as he has studying the market would think now was a good time to buy a house in DC.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27704294.post-898874877766993822009-03-31T16:12:00.000-04:002009-03-31T16:12:00.000-04:00Good catch Keith!Brandonhttp://www.brandongreenandassociates.com/noreply@blogger.comtag:blogger.com,1999:blog-27704294.post-30244733520039835392009-03-30T20:07:00.000-04:002009-03-30T20:07:00.000-04:00I saw that in the Post. They are smoking something. Keith you might want to wait. DC unemployment is now over 10%. I can't imagine prices being higher next year. You might want to think twice about buying...Anonymousnoreply@blogger.com