Good Morning, Thank you for sharing this information. I tried to see what more detail was given about this survey. From what little I could find, http://www.nationalcity.com/content/corporate/EconomicInsight/documents/fmo0 205.pdf , they appear to be taking a stab at figuring out future housing valuations. I'd be curious to know how accepted their approach is in academic circles. After all, there were plenty of folks back during the stock bubble arguing that future projected earnings justified the stock prices of the time. Afterall, those folks did find sane-looking numbers to justify their arguments. Furthermore, housing is a different beast than stocks. We have yet to find a sure fire way of determining future valuations for company shares, I'm reluctant to place too much value on something claiming the same for housing.
Allen Graetz Lowry Hill -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Bill Cullen Sent: Friday, February 11, 2005 9:45 AM To: [email protected] Subject: [Mpls] Mpls overvalued; but not too bad. A Study by National City Corp found "housing "bubblettes" in one-fifth of the U.S. housing stock, labeled as areas with home premiums in excess of 20 percent, a metric that may indicate future price corrections." Mpls was found to be 10% overvalued -- not meeting the standard set by National City Corp as a bubble. Details here: http://phx.corporate-ir.net/phoenix.zhtml?c=64242&p=irol-newsArticle&ID=6727 70&highlight= Regards, Bill. Whittier Landlord -- No virus found in this outgoing message. Checked by AVG Anti-Virus. Version: 7.0.300 / Virus Database: 265.8.7 - Release Date: 2/10/2005 REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls REMINDERS: 1. Be civil! Please read the NEW RULES at http://www.e-democracy.org/rules. If you think a member is in violation, contact the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A Civil City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[email protected] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
