All Forum Posts by: Greg R.

Quote from @Greg R.:

A couple other take aways... 

- Denver, a generally strong market recorded it's 7th straight month of price declines, declining $125,000 and 18%. Quite the fall in only 7 months

- Chicago IL is down 75k and over 20% since June

- Las Vegas is down 57k and over 13% since June

- Tucson AZ is down 45k and over 13% since June

- Minneapolis MN is down 55k and over 15% since June

- Philadelphia PA is down 43k and 15% since June

- Boston is down 90k and over 11% since July

- Detroit MI is down over 17% since July

- Seattle WA is down 107k and 12% since May

This is not just a west coast or a CA thing. 

And to clarify so no one is able to misconstrue this data or my position. I'm going to state a few obvious facts.
- Yes, every market is different
- Yes, some markets are flat and a few might even be increasing
- Yes, sales and transactions are still happening - they didn't completely stop

A couple other take aways... 

- Denver, a generally strong market recorded it's 7th straight month of price declines, declining $125,000 and 18%. Quite the fall in only 7 months

- Chicago IL is down 75k and over 20% since June

- Las Vegas is down 57k and over 13% since June

- Tucson AZ is down 45k and over 13% since June

- Minneapolis MN is down 55k and over 15% since June

- Philadelphia PA is down 43k and 15% since June

- Boston is down 90k and over 11% since July

- Detroit MI is down over 17% since July

- Seattle WA is down 107k and 12% since May

This is not just a west coast or a CA thing. 

Also US housing market recorded the 7th straight month of price declines, which makes a 10% price decrease nationally over the last 7 months (since the peak of the bubble.) 

Looks like Dec numbers just hit. @Carlos Ptriawan haven't had chance to evaluate them fully, but Dallas median home price is now at the lowest point since Jan 2021

Quote from @Carlos Ptriawan:

 You need to venmo me $100 and I will say your argument is better LOL

Not sure why people are so crazy in 2023 just for reading chart LOL

just buy anything now and sell in 2027 , you will make money guaranteed, if not, I will venmo you back.

Lol, love it 

Quote from @Michael Wooldridge:

Quote from @Greg R.:

Quote from @Michael Wooldridge:

@Greg R.I'm starting to fully agree with James here. You are trolling at this point. He's posted multiple times, I've posted a dozen times that nobody ever thought that 2021-2022 inventory would remain. Nobody has ever said that. you can't find a single example of it. EVERYBODY has said inventory will remain, keyword now, historically low. And it has. And in fact the charts James are posting are showing that. 

Even in your charts we are still at the lows of covid that we saw the end of 2020 and 2021. It's low, historically low. Which is all everybody has predicted and there are quite a few of those posts in this thread. Now when it gets back to 2015-2016 levels you might have something....

You are entitled to your own opinion. I never said that was your stance, but it is a stance that people have had. You are saying that nobody ever said that inventory wouldn't increase? That's simply not true. 

A stance that I've seen repeatedly is that inventory levels will remain low & not increase. The argument is that rather than lower costs and meet the buyers where they are (due to rate increases and increased P&I payments), that sellers would simply pull out of the market and wait for selling conditions to improve to maximize their earnings. 

Again, I never said that inventory levels weren't historically low. I said the opposite if you look at my post. I don't understand why the statement "inventory is rising" is being confused for "inventory levels are historically high". Those are two completely different things, and I never stated the latter. 

I have repeatedly stated that we are heading up in regarding to inventory, not that we're there. We obviously have a ways to go when we're looking at historical norms, but the trend is up, not down. 

I totally get that James would get these topics confused and not be able to differentiate. A bit surprising to hear this from you. 

 It’s not being confused.My point is just that I’ve been here for over 70 pages very active. And I’ve never once seen “anybody” say inventory won’t rise. We’ve also it will remain low because people will sit on their homes where they can. And that’s pretty much what we are seeing.

So confusion, no. You just keep saying people said it would never rise. I’ve asked for one single example of that and it’s too much work. So yes thats why i’m begining to agree with him. You are making claims about people but can’t even reference it. 

That’s great… I’ve been here for 114 pages along with a variety of other forums here on BP and elsewhere. 

Not going to go through every post to satisfy you, but the stance I’m referring to is not some far out there stance. 

 These are just a few, but I heard this stance from several people who adopted the idea that pricing won’t go down. One of their main argument was that inventory wouldn’t increase for the foreseeable future. 

Quote from @Greg R.:

Quote from @Michael Wooldridge:

@Greg R.I'm starting to fully agree with James here. You are trolling at this point. He's posted multiple times, I've posted a dozen times that nobody ever thought that 2021-2022 inventory would remain. Nobody has ever said that. you can't find a single example of it. EVERYBODY has said inventory will remain, keyword now, historically low. And it has. And in fact the charts James are posting are showing that. 

Even in your charts we are still at the lows of covid that we saw the end of 2020 and 2021. It's low, historically low. Which is all everybody has predicted and there are quite a few of those posts in this thread. Now when it gets back to 2015-2016 levels you might have something....

You are entitled to your own opinion. I never said that was your stance, but it is a stance that people have had. You are saying that nobody ever said that inventory wouldn't increase? That's simply not true. 

A stance that I've seen repeatedly is that inventory levels will remain low & not increase. The argument is that rather than lower costs and meet the buyers where they are (due to rate increases and increased P&I payments), that sellers would simply pull out of the market and wait for selling conditions to improve to maximize their earnings. 

Again, I never said that inventory levels weren't historically low. I said the opposite if you look at my post. I don't understand why the statement "inventory is rising" is being confused for "inventory levels are historically high". Those are two completely different things, and I never stated the latter. 

I have repeatedly stated that we are heading up in regarding to inventory, not that we're there. We obviously have a ways to go when we're looking at historical norms, but the trend is up, not down. 

I totally get that James would get these topics confused and not be able to differentiate. A bit surprising to hear this from you. 

James, I know data and accuracy aren't your thing. But do you realize that you're looking at a different metric? The graph you are showing is single family home sales. 

I am showing active listing count. 

Can't make this stuff up 😂

Quote from @Michael Wooldridge:

@Greg R.I'm starting to fully agree with James here. You are trolling at this point. He's posted multiple times, I've posted a dozen times that nobody ever thought that 2021-2022 inventory would remain. Nobody has ever said that. you can't find a single example of it. EVERYBODY has said inventory will remain, keyword now, historically low. And it has. And in fact the charts James are posting are showing that. 

Even in your charts we are still at the lows of covid that we saw the end of 2020 and 2021. It's low, historically low. Which is all everybody has predicted and there are quite a few of those posts in this thread. Now when it gets back to 2015-2016 levels you might have something....

You are entitled to your own opinion. I never said that was your stance, but it is a stance that people have had. You are saying that nobody ever said that inventory wouldn't increase? That's simply not true. 

A stance that I've seen repeatedly is that inventory levels will remain low & not increase. The argument is that rather than lower costs and meet the buyers where they are (due to rate increases and increased P&I payments), that sellers would simply pull out of the market and wait for selling conditions to improve to maximize their earnings. 

Again, I never said that inventory levels weren't historically low. I said the opposite if you look at my post. I don't understand why the statement "inventory is rising" is being confused for "inventory levels are historically high". Those are two completely different things, and I never stated the latter. 

I have repeatedly stated that we are heading up in regarding to inventory, not that we're there. We obviously have a ways to go when we're looking at historical norms, but the trend is up, not down. 

I totally get that James would get these topics confused and not be able to differentiate. A bit surprising to hear this from you. 

Quote from @James Hamling:

Quote from @Michael Wooldridge:

Quote from @Greg R.:

Quote from @James Hamling:

Quote from @Greg R.:

According to James, the trend line below shows dropping inventory over the last year. 😂😂🤡🤡

Hey look at that Greg the liar supreme yet again using selective data to FRADULENTLY make FALSE statements and FLASE accusations, YET AGAIN. 
Here is the REAL and COMPLETE data. 

Thanks again for demonstrating to everyone your inability to read and understand posts that you respond to. You also lack the ability to comprehend the difference between a year and a decade. Have fun arguing with your self about data from 2010 and 2017. You are the only person in this chain talking about datasets from 6-13 years ago. 

Actually no. As I said earlier nobody said inventory wouldn’t go up from the all time low it has ever been. We all said inventory would remain historically tight. And it has as the chart shows. 

But every time I call this out you say you don’t want to dig through hundreds of posts.

And inventory is light which is why costs still haven’t changed much despite the high rates (outside of a few key markets). 



 

 Wow, this Greg R. guy, he's just something else. "King Troll" or "King Deceiver" I am not sure which is more appropriate. he now argues "NO, don't look at any data other then this one tiny selected time frame, see, the end of everything is happening, IF you ONLY look at this very specific tiny time-frame and don't consider any context at all". 

CONTEXT!

Just as Michael said, NOBODY has said 1 time ever that everything will stay EXACTLY as it was that 1 specific "perfect" month when things were at there most perfect maximum PERFECTION.     But you know this Greg R., you are just using diversion, manipulation, distortion to NOT address the facts. 

YOU Greg R. keep arguing Real Estate and the economy is "CRASHING" COAST-TO-COAST. That is patently FALSE! 

Every time we hit you with documented CHARTED facts, you use ridiculous misdirection arguing. 

You make up FALSE statements that none of us have said, you use slander, distortion, selective data. Your obsessed, obsessed and delusional. 

James, I find it hilarious that you of all people call me a troll. You are the ultimate troll who throughout this forum has had pie all over your face for all the times you've been proven wrong. Yet, your pride and arrogance is such that you will never admit you were wrong. You just keep digging your hole deeper and deeper. 

After going back and forth about this topic 10 times, you still lack the understanding to grasp my original statement and what I'm looking at. At this point I'm convinced that you truly don't have the ability to understand my point. 

I stated from the very beginning that I was talking about a certain timeframe. Look at my original post that started this convo with. I even provided a screen shot of that post earlier today. Even then you still lacked the ability to correctly understand the point that was being made. 

I'll include it one more time, for the record. Surely not to convince you, because you are completely delusional and have convinced yourself that I'm arguing you about historical data, which I'm not. 

The post clearly states that inventory isn't where it was at years ago (duh). No one is arguing with you about inventory from 13 years ago!!! lmao, you are arguing with yourself about that. 

I also stated that it's increasing, also DUH. Since Feb 2022 trend line on active listings is UP. This is not a controversial statement Since February 2022 inventory has gone up, not down. 

However, I suppose you're going to argue that as well. Because you already did!!! Your exact words "Inventory IS dropping. It's literally right here in the chart!"

Saying inventory is dropping is a present tense statement. You didn't say it has been dropping since 2020, or it has been dropping over the last several years. You said "Inventory IS dropping". 

That is a flat out false statement - verifiably so. Since February 2022, almost a year ago inventory has doubled. 

But again, you are the master troll, and someone who loves to muddy the waters and deceive others. Because of your pride and arrogance I don't expect you to admit you were wrong. 

Quote from @James Hamling:

There ya go @Greg R., hey @Carlos Ptriawan maybe you'd like to explain to Greg what all this COMPLETE DATA means. Because he is stuck in his perversion that the end of the world is at hand. 

LOOK AT THE COMPLETE DATA Greg. NO, things are NOT collapsing "coast to coast" as you keep LIEING about. Here is FACTS. Yes, in your little CA slice of the world it is probably sh#t, without doubt. CA is NOT the entire country!  

Hey @Carlos Ptriawan maybe you can explain to James how to read posts and perhaps some comprehension techniques. :)

He clearly doesn't understand my point and he's going in circles arguing with himself.