Home prices drop 17 percent [Florida]

Herald Tribune ^ | 11/29/2006 | Stephen Frater and Michael Pollick

[Petronski]

I'm not sure what you are trying to say.

That's got to be a familiar sensation for you.

[Torie]

Your chart has the right idea, but the magnitude is way out there, way out. It is almost cultist, like Scientology, no offense to Tom Cruise intended.

[GodGunsGuts]

That's an unneeded and unasked for clarification. You still have not made a point 1TPedro.

[Petronski]

Did you say Scientology?

Squick squick squick.

[Petronski]

I saved you the googling time. You're welcome, Gigi.

[Petronski]

Actually, what I mean is 0TGigi, as you are a zero-trick pony.

None.

[VeniVidiVici]

Property taxes in Florida are extremely two tiered and discriminatory

Yes, they are. We only charge property tax for anybody moving down here from north of the Mason-Dixon line.

Thank God for small pleasures.

I get extremely tired of people whining how "discriminatory" the property tax system is. You want to save on property taxes in Florida? Don't move. You want to move to Florida and don't want to spend as much in taxes as the other guy who just moved to Florida? Buy a smaller house. Then don't move.

See, not difficult at all, is it?

[GodGunsGuts]

LOL. We wouldn't want to upset Tom Cruise.

Before I answer your assertion, could you please cite one of your "creditable" governmental or nongovernmental sources so I can examine on what basis they claim only a 50bpt difference. Thanks.

[Petronski]

Citation:

EVERYONE WHO IS NOT A GOLDBUG

[GodGunsGuts]

You still have not made a point, 1TPedro.

[Petronski]

Poor illiterate 0TGigi.

[GodGunsGuts]

You still have not made a point, 1TPedro.

[GodGunsGuts]

Hi guys. I thought I'd ping you into this conversation. The point of contention is whether the Clinton/Greenspan changes to the CPI underestimate the same (and by how much). You both love to crunch numbers and dig up relevant charts, so I naturally thought of you.

[Torie]

I will offer you some links, but it may not be until next weekend. But I will. On this topic, I know my stuff, for whatever that is worth. I studied it while ruminating about the social security conundrum. I read some rather rather heavy on statistics aka dense (dense in this context does not mean dumb) tomes.

[Petronski]

Poor illiterate 0TGigi.

[GodGunsGuts]

I eagerly await your reply. In the meantime, I'll hunt down my own links. BTW, since you have studied this issue so much, if we were to assume that the CPI underestimates inflation by 300bpt, would bond traders still have come out on top over the last 3 or 4 years when you factor in the rise in bond prices plus coupon?

[GodGunsGuts]

Still up to your same old trick I see. So be it. Apparently 1TPedro is either unable or unwilling to learn new tricks. It's your loss, not mine.

[Torie]

Let me be clear. The CPI used to overestimate inflation by close to 100 basis points, and still does by maybe 30-50 basis points. Nobody that I know of with any credibility thinks the CPI understates inflation. Changes in bond prices are due to changes in interest rate expectations going forward, both real, and except for TIPS, nominal. Bond traders are well aware of the CPI issue. Literally near a trillion dollars ride on such analyses. To assume that such folks don't have a clue, given the amount of money involved, is a leap of faith.

[Petronski]

I've forgotten more about economics than you've ever known. "New tricks" in this case means drinking the goldbuggery koolaid. No thanks.



Poor illiterate 0TGigi.

[Petronski]

Let me know when you decide the nature of America's severe "flation" problem.

Poor illiterate 0TGigi.