End of the credit crunch today?

[AtW]

My NY apt has gone up in value ...

Home sales rise locally; average price falls by 22%.

snaw you are making typical mistake that everyone who can't (or does not like it) see the big picture - you think just because your local conditions are okay for now then it's all right then. It's like sitting at the back of the airplane that just nose dived into the ground and pilots/1st class are already dead where as the fire has not reached your seats just yet.

[HairyArsedBloke]

My NY apt has gone up in value ...

There is a shortage of property for sale in Detroit.

[ratewhore]

It's like sitting at the back of the airplane that just nose dived into the ground and pilots/1st class are already dead where as the fire has not reached your seats just yet.

Really? I'll have to stop travelling 1st class then. Private charter is the way ahead - just like Bon Jovi...

[snaw]

Home sales rise locally; average price falls by 22%.

snaw you are making typical mistake that everyone who can't (or does not like it) see the big picture - you think just because your local conditions are okay for now then it's all right then. It's like sitting at the back of the airplane that just nose dived into the ground and pilots/1st class are already dead where as the fire has not reached your seats just yet.

No. I was being slightly tongue in cheek and also stating a fact. My NY apartment, despite the really bad conditions in the US has gained in value. I'm well aware of the US market conditions generally however.

I'm also well aware that you're pre-disposed to thinking you're the only person who's got any knowledge of anything. You're a reasonably bright guy AtW, but you've a massive weakness of assuming you've always got the right answer.

I actually wish you well with SKA, but I suspect this weakness will be your undoing - I've seen exactly the same thing in other people, and usually it 's what does for them.

[ratewhore]

I'm also well aware that you're pre-disposed to thinking you're the only person who's got any knowledge of anything. You're a reasonably bright guy AtW, but you've a massive weakness of assuming you've always got the right answer.

SKA tells him the answer you see...

[Peoplesoft bloke]

Home sales rise locally; average price falls by 22%.

snaw you are making typical mistake that everyone who can't (or does not like it) see the big picture - you think just because your local conditions are okay for now then it's all right then. It's like sitting at the back of the airplane that just nose dived into the ground and pilots/1st class are already dead where as the fire has not reached your seats just yet.

Aeroplane

[AtW]

You're a reasonably bright guy AtW, but you've a massive weakness of assuming you've always got the right answer.

I don't think I am always right. In fact I make plenty of mistakes and try to learn from them, but more importantly I try to learn from mistakes made by others - your arguement that your own specific flat goes up in price (try selling it - how do you know if the price you can get is real?) then somehow all must be okay.

2 nice houses near me that I like were on sale for over 2 years - now they really missed the boat so they put up "for rent" sign, so far no takers either. Don't know about NY but this country will be in real crisis when house prices start falling for real (so far it is all warmup).

Thanks for good wishes of course, I don't wish your houses to fall in price but it's not something that depends on your or me. Though one thing both of us could do is refuse to pay inflated prices.

[AtW]

Aeroplane

This suddenly makes me feel a lot better about flying...

[BrilloPad]

Petrol down

Shares up

Bit of confidence restored...

??

Its just a dead squirrel bounce

IGMC

[ace00]

Take a look at the chart for the dow yet (today)?
Roughly maps the trajectory of the space shuttle on launch.