Crack of Doom: Last Tuesday? Home » Real Estate News » Blog Posts » Crack of Doom: Last Tuesday? Anonymous blogger Lexington wants tomorrow to be the last shot. Somewhere, Parker is starting to wonder why he even bothered. 6 Responses to Crack of Doom: Last Tuesday? twist January 30, 2012 John- Did you see what cold weather has been doing to the power plant in Fukushima? http://www.japantimes.co.jp/text/nn20120130x1.html twist January 30, 2012 L sends us a link to: Robert Shiller: A housing bottom? What are they thinking? http://finance.yahoo.com/blogs/daily-ticker/robert-shiller-housing-bottom-thinking-134116144.html twist January 31, 2012 We have more links from L today: Concerns over the size of United States debt reared their head once again as ratings agency Standard & Poor’s warned that health care costs for a number of highly-rated Group of 20 countries, including the U.S., could hurt growth prospects and harm their sovereign creditworthiness from the middle of this decade. http://finance.yahoo.com/news/p-warns-cuts-another-us-153221895.html NEW YORK (Reuters) – Home prices fell more steeply than expected in November, and consumer confidence soured in January, highlighting the hurdles still facing the economic recovery. http://finance.yahoo.com/news/home-prices-drop-more-expected-140253741.html Home prices drop in most cities: http://www.myfoxphoenix.com/dpp/news/housing_market/home-prices-drop-most-cities-01312012 Private equity firms are jumping into distressed housing as the U.S. government plans to market 200,000 foreclosed homes as rentals to speed up the economic recovery. http://finance.yahoo.com/news/foreclosures-draw-private-equity-u-150127753.html John M. January 31, 2012 Igor says, “Interest,” which I think is pretty cool. Thanks L! ceel January 31, 2012 Twist – 3 years ago, DC Case Shiller hit 165. At the time you assured me, DC is just “late to the party” and “hasnt seen bottom yet”. You said basically the same thing last year and the year before. Problem is, for 32 straight months now, people have been assuring me “its just a blip”, we’re “nowhere near the bottom”, its “late to the party” etc. etc. etc. I ask you, again, how much longer would you be of the opinion “we havent bottomed yet” before you eventually conclude “I guess I was wrong”? 2013? 2014? Later? As it stands now, DC prices are about 10% above the March 2009 levels when I hesitated and decided not to buy. How much higher would they need to go before you conclude “I guess I was wrong” and dive back in? 15% off bottom? 20? 50%??? ceel February 2, 2012 Twist – why the silence???