home sales data in HPP ?

[Bullwinkle]

as we talk about hawaii values isnt it a moot point now that we are at or near the bottom?

my reasoning....

we live in & own a house that has a certain value per foot (lets park financing for a bit - pretend we are all cash buyers)

Boom - the Mozillo induced crash comes along.......

http://dealbook.nytimes.com/2011/01/03/b...laims/?hpw

all hawaii values dropped about the same

now when one and sells - the next house will have the same (depreciated) square foot values as the one we just sold.

so if I paid 200k for a house that has dropped to 100k the replacement home will also have dropped in value accordingly and should have about the same square foot cost & values in the end I am even.

all this other talk is about loans and financing and who is holding the bag..... (see link to see how the big boys are dealing with it)

In the end - homes are to live in not to bank on imho start speculating in any commodity on the margin and you will get bit sooner or later

[bystander]

Yeah so much for idea of the "Grass Shack Money Making Machine" that was being touted by someone a few years ago.