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LOL

It seems we can never get a straight clear answer from you, without some strange caveat.  How much did homes in Irvine drop from peak to bottom?  My answer, LiarLoans answer, other peoples answer? around 30%. Your answer:  The homes you specifically looked at dropped 10-15% (well actually now...

Nice try.  You cant simply go back and compare peak prices to Jan of 2010 prices as you are still 2 years out from bottom.  This conversation started out about how much prices fell from peak to bust in Irvine.  You contend "the houses you saw" only fell 10-15%, which in it self is shady because...

Today we just saw the 2 and 5 year yield curve invert.  Any comments on this?

Ah, so you looked at 700 homes on redfin, 100 homes in person, but ONLY the ones you were interested in had 10-15% drop.  Just two questions for you.  Exactly how many homes were you interested in of the 700 you viewed?  Also, what was the range of price drop for homes you were not interested...

If you actually used the numbers from the very site you linked, then you would realize peak was about 715K and bottom was about 515K.  If you have to fudge numbers (make the peak prices lower and the bottom higher) to make your point, then you lose credibility.  If you look at the 3bed the %...

Please show us data you are referring to.  Atleast you are not claiming 10-15% drop anymore.  BTW, Trulia says 3 beds drop about 26% and 4 beds drop more than 30%. 

Your example only works when the sample size is small.  As the sample size becomes large, your argument falls apart as the median becomes the mean and the variability of sales in prices ranges decreases, in which case LiarLoan statement becomes completely true. 

Its truly amazing that data suggest homes dropped 30% but ALL the 700 homes you looked at only dropped 10-15%. Do you play the lotto?  If not, you should because I think the chances of this happening is likely similar to you winning the lotto.

You have look at the purpose of what you are doing when looking at pricing.  I agree if you are looking to invest in a particular property, I would not look at aggregate housing prices in a city boundary.  However if one is making claims that a whole city had a certain price movement of 10-15%...

And was it reasonable?

I am adamant about persons who post false or deceitful posts. 15% vs 30% is a huge difference that any buyer or selling would care about.  In Irvine that is easily 150-250K. No one can predict time for recovery and prices so it is pointless to try to predict these.  However it is important to...

So this is what I got from this post.  "If prices are not lower by at least 11% in a just few months of housing slowing down, things are not that bad." ok.  gotcha.

Who caress about facts and real data!!!  The 10-15% drop in prices was ONLY homes IHO personally saw.  IHO's personal experience is more telling about Irvine housing than real aggregate data!  BTW does anyone know which homes he saw?    :o

Great post.  I agree with you that in order to better evaluate pricing changes, one should look to price data in the future since this current slowdown will be reflected in future data.  Transaction volume/demand #'s/supply #'s are leading indicators to price.    At this moment, when the...

Well for some people anything negative or not positive about Irvine is considered bashing, even if the facts state so. BTW I dont think I've ever said Delano was overpriced... even though it is.    :P

LOL CV,  only if I had that much power to influence prices.  You are more foolish than I thought if you think one or two people had that much influence on a blog that is visited by a small fraction of home buyers.  If you consider pointing out the obvious slowdown in housing "bashing" then I...

Because other people dont make false or extravagant claims as you do.  All opinions are welcome and moreso if it can be backed up with some evidence or data instead of one person's single experience or anecdotal evidence.  Do you see anyone else here claiming home prices dropped only 10% or that...

You asked for date and I gave it to you.  You claimed Irvine only dropped 15%.  We all know that is not true and the data proves it.  BTW Irvine is not always slower to drop and faster to rise.  True Irvine dropped less than surrounding areas during last downturn, but you forget almost all...

If you would agree that 4 bed homes are likely all detached/single family homes, then it would appear that these dropped even more than median.  Trulia suggest a 31% drop from peak to trough, thus your upper range seems a bit low...