1.17.2010

Zillow is retarded

Many homes in coastal north San Diego County show a crazy spike like this on Zillow:



Sure. It was worth $400,000 in June, but somebody would have paid over $500,000 for it in October. But now it's worth $400,000 again.

1 comment:

Anonymous said...

and what exactly does this have to do with the word retarded? the last time I checked retarded didn't mean stupid. So when you're grabbing your dictionary look up the word ignorant and then take a look in the mirror.

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...