Saturday, March 26, 2011

Gallivanting Around The Web

Over at, I use an extremely simple mathematical formula to figure out that in most American markets, housing prices still have a long way to fall.


Blogger Windypundit said...

Okay, it just freaks me out that you can do that. That doesn't sound anything like you. You had someone write that for you, didn't you? Or wait...maybe that was a normal article, and I've suffered a mild stroke and lost my ability to detect snark...

3:19 PM  
Blogger Jennifer Abel said...

If you read between the lines, you can detect faint whiffs of my true nature wafting through -- quoting the "This is the bestest time EVAR!!! to buy" realtor right before quoting statistics which suggest said realtor is speaking ex recta, for example. But this was both "my first purely economics" article and also "my first-ever article at a new publication," so for both reasons I took a cautious line rather than toss my usual high-level snark around.

3:31 PM  
OpenID cinnamonbite said...

Well, considering my old house is now worth less than what I paid for it 25 years ago, I just don't see how much lower prices can fall.

8:03 AM  
Blogger Jennifer Abel said...

Depending on where you live, prices could fall as low as "zero." Look at Detroit, for example -- all my life it's been synonymous with "economic basket case," yet back when my parents were dating, it was one of the richest cities in America. And the city today is full of mansions where exceedingly rich people lived up through the 1960s, but now you could buy that mansion outright with the loose change in your sofa cushions. (Of course, paying the back taxes on that mansion will cost you roughly Bill Gates' net worth, and the Detroit wonders why nobody wants to come live in their city. But I digress.)

10:07 AM  

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