Offset ShadowStats Demonization

[rjwjr]

This site and blog entry was brought to my attention today. I have never heard of it before, but I was appalled at the character attack on John Williams and ShadowStats.

I already posted a reply to help set the record straight. For the sake of John Williams and other legitimate voices that need to be heard, I hope you will take a moment to write your own comments in defense of John Williams and ShadowStats.

http://bubblemeter.blogspot.com/2011...ng-bubble.html#

Adding a comment is very easy. No sign-up necessary, just an email address.

[zoog]

Re: Offset ShadowStats Demonization

This site and blog entry was brought to my attention today. I have never heard of it before, but I was appalled at the character attack on John Williams and ShadowStats.

I already posted a reply to help set the record straight. For the sake of John Williams and other legitimate voices that need to be heard, I hope you will take a moment to write your own comments in defense of John Williams and ShadowStats.

http://bubblemeter.blogspot.com/2011...ng-bubble.html#

Adding a comment is very easy. No sign-up necessary, just an email address.

The bubblemeter thing was posted a couple days ago in News but moved to Housing Bubble
http://www.itulip.com/forums/showthread.php/18841-There-never-was-a-housing-bubble!

[don]

Re: Offset ShadowStats Demonization

This smacks of an on-the-NAR-reservation site. Hear no evil, see no evil, never a better time to buy. This screed follows NAR (Liars) being out-ed for cooking the books for at least a decade. John needs protection from these monkeys? Hardly.

[c1ue]

Re: Offset ShadowStats Demonization

It isn't clear from - looking at other posts - that this is a real estate cheerleader site. If anything, the opposite.

While the ad hominem attack on John Williams was certainly inappropriate, nonetheless the observation that Shadowstats' inflation seems to outpace home price increases is certainly a valid concern.

It would have been better to address that with a conversation with Mr. Williams rather than a generic attack. For one thing, the housing price increase vs. inflation comparison points using 2001 is not a good example - it is generally accepted that the housing bubble was 2003 to 2006. In this context then the example could be quite accurate.

I think a comparison of home price increases in the 2003-2006 period vs. Shadowstats would show a clear disconnect, and furthermore the impact of a 3 years' bubble would echo longer than the more measured inflation increases. Specifically that a housing bubble which doubled average housing prices vs. perhaps a 12% inflation increase; even a consistent 5% increase for both housing and inflation would see housing get even more above 'norm' despite an identical rate increase going forward.

[don]

Re: Offset ShadowStats Demonization

Sorry this is so huge

We've all seen the data. We've all seen the graphs. Housing, for a century, has bumped along with the inflation rate. The bubble was an historical exception. The rest is (BLS) bullshit.

[Slimprofits]

Re: Offset ShadowStats Demonization

This smacks of an on-the-NAR-reservation site. Hear no evil, see no evil, never a better time to buy. This screed follows NAR (Liars) being out-ed for cooking the books for at least a decade. John needs protection from these monkeys? Hardly.

Hey Look, Don, you've made a friend.

http://bubblemeter.blogspot.com/2011...-realtors.html

[don]

Re: Offset ShadowStats Demonization

Hey Look, Don, you've made a friend.

http://bubblemeter.blogspot.com/2011...-realtors.html

No residuals, I assume, this being the internet! My response was to that post only. The only one I've read. Sarcasm? I've been accused of that (painfully by the Big Boss. Ouch!)