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Fun home price chart
Ah, graphic depictions of numbers! Who doesn't love a good chart? (Click on the little blue thingie; I'm not smart enough to figure out how to embed the chart.) Today's real estate trend chart comes from Gary Crabtree, a Bakersfield appraiser who prepares monthly reports on the state of the residential real estate market. This one shows Bakersfield's median home prices over the past three years. In January, the median price fell back below the January 2005 price (we had a slight bump upward in February). Pretty interesting stuff. Anyone bold enough to predict how this chart might look three years from now? -Vanessa Gregory, staff writer 5 comments from 4 users
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posted by
DavidMcSwain
on Mar 12, 2008 at 02:59 PM
Three years from now the chart will have a long flat line in the $200,000 range, extending from the bubble to 2012. It will look like the display of a heart monitor machine hooked up to a dead man. -David McSwain, The Hoffman Company
posted by
randomfactor
on Mar 12, 2008 at 03:05 PM
Ballistic trajectory.
posted by
ChicoEsquela
on Mar 12, 2008 at 03:21 PM
Anyone bold enough to predict how this chart might look three years from now? When BO is elected, we will have pulled out of ME, Oil = $200/bbl, Reserve Rquirements cut, FOMC will infuse Billions into mkt, Prime will be forced to 2% (soon though to go to 18% when mkt adjusts), M1,2,3 will be up 50%, debt will be $14 Trillion (subsequent to 50% incr), LT cap gains = 60-90% sliding scale, Dividends = OI rates which will also be 80%+, bal of trade will be up (hihger negative or concomitant 50%+following money supply, DOW = 7,500, currency in circulation up 50% (20% of M1), low income types will be given susidized loans for $100 psf homes, and we will all be RICH, RICH, RICH! I can hardly wait! posted by
refiguy
on Mar 12, 2008 at 04:49 PM
guess, Dean Florez hasnt hired Gary yet ......Huh......... guess the Kinko's pie chart didnt work posted by
randomfactor
on Mar 12, 2008 at 05:10 PM
Whereas if JSMcB is elected, we'll still be *IN* Iraq, oil $200/bbl, prime cut to zero and still not helping...
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