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Gary Anderson is a 59 year old married guy from Nevada, USA.
Likes 1,426 pages, 25 videos, 67 photos • 113 fans • Received 23 reviews
Member since May 11, 2007
Welcome! The fire pic is the Lake Tahoe Angora fire. I like ORANGE but not fire. I have strong views about 9/11 because explosive caused squibbs were observed in all three towers. The voiding of contracts in Iraq is proof that the US went in to steal oil. New Covenant Theology is vitally important to me. I grew up in Coalinga, California class of 1967. Click on my tags to see my views on popular subjects.

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Calculated Risk: Orange County, CA Prices: From Front Page to Short Sale
Liked it May 4, 9:13pm 1 review •http://calculatedrisk.blogspot.com/20...
Update from Calculated Risk: The price of the house graphed below has been slashed to 439k from 603k. Keeping that in mind here is info from Calculated Risk about the graph:


This graph shows the nominal prices for Orange County using the prices for the Traverse Drive house in 1994 as a reference.
It appears the price for the Traverse Drive house followed the Case-Shiller index pretty closely. It is now being offered as a short sale for $559 thousand, well above the $475 thousand that the Case-Shiller index would suggest for February 2008.
The dashed line shows the inflation adjusted prices, based on the Sept 1994 sales price. To reach the inflation adjusted price, the Traverse Drive house price would have to decline to $246 thousand - almost another 50% from the current Case-Shiller indicated price!

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