Comments on: The Numbers Don’t Lie http://blog.redfin.com/sfbay/2008/01/the_numbers_dont_lie.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Janis Mara http://blog.redfin.com/sfbay/2008/01/the_numbers_dont_lie.html/comment-page-1#comment-2352 Janis Mara Wed, 09 Jan 2008 19:27:01 +0000 http://blog.redfin.com/sfbay/2008/01/the_numbers_dont_lie.html#comment-2352 Thanks for the validation! I thought a whole bunch o' folks might take issue with my assertion. I totally agree with you that homes that cost $300,000 are not *worth* $1.4 million in 2007. I remember when the housing market was red-hot people were always saying, "I can't believe that little dump is worth......" and they were right! Thanks for the validation! I thought a whole bunch o’ folks might take issue with my assertion. I totally agree with you that homes that cost $300,000 are not *worth* $1.4 million in 2007. I remember when the housing market was red-hot people were always saying, “I can’t believe that little dump is worth……” and they were right!

]]> By: sc http://blog.redfin.com/sfbay/2008/01/the_numbers_dont_lie.html/comment-page-1#comment-2323 sc Tue, 08 Jan 2008 03:04:13 +0000 http://blog.redfin.com/sfbay/2008/01/the_numbers_dont_lie.html#comment-2323 I agree. I think the type of appreciation that occured the past 7 years was not realistic and much based on speculation and liars loans which do not exist anymore. Conventional loans do not support the price appreciation, and therefore prices must come down in order for buyers to qualify for loans. There is no logic that homes priced for 300k in 1996 are selling for 1.4MM in 2007. It simply doesnt make sense. I agree. I think the type of appreciation that occured the past 7 years was not realistic and much based on speculation and liars loans which do not exist anymore. Conventional loans do not support the price appreciation, and therefore prices must come down in order for buyers to qualify for loans.

There is no logic that homes priced for 300k in 1996 are selling for 1.4MM in 2007. It simply doesnt make sense.

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