May 20, 2005
PREDICT SOMETHING LONG ENOUGH, AND EVENTUALLY IT WILL HAPPEN
Home prices to dip - Price-to-income 'correction' coming (AP, 5/20/05)
Massachusetts home prices are expected to drop later this year as the gap between income and home prices widens and interest rates rise, according to an economic forecast released Thursday.Because as hard as it is to predict the market, the people who can immediately tell the Associated Press. Posted by David Cohen at May 20, 2005 4:05 PMThe New England Economic Partnership's forecast projects a modest slump lasting through early 2007 with housing prices declining about 3 percent, still far below the 11 percent drop experienced during the housing bust of the late 1980s and early 1990s.
''It's not going anything like the '80s, but there's going to be a correction,'' said Alan Clayton-Matthews, the University of Massachusetts-Boston professor who prepared the report for the nonprofit partnership.
"Because as hard as it is to predict the market, the people who can immediately tell the Associated Press."
Sorry David... something must have gone wrong there. Grammatically this doesn't add up. An unfinished thought perha-
Posted by: creeper at May 21, 2005 5:45 PMOK, let's try this:
No one who could actually predict where the market is going would decide that the best use of the information is to tell the AP.
Posted by: David Cohen at May 21, 2005 7:32 PMMr. Cohen;
Unless, of course, you told them the wrong thing. Heh. Given the way Old Media works, you could probably do that every few years without getting "caught".
Posted by: Annoying Old Guy at May 21, 2005 11:19 PM