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Title: Moody's: Commercial Real Estate Price Index declined 3.1% in July (But the recession ended in 6/09..WTF???)
Source: CalculatedRisk
URL Source: http://www.calculatedriskblog.com/
Published: Sep 20, 2010
Author: NA
Post Date: 2010-09-20 14:25:37 by Nebuchadnezzar
Keywords: None
Views: 13974
Comments: 27

Moody's: Commercial Real Estate Price Index declined 3.1% in July

by CalculatedRisk on 9/20/2010 01:08:00 PM

Moody's reported today that the Moody’s/REAL All Property Type Aggregate Index declined 3.1% in July. This is a repeat sales measure of commercial real estate prices.

Below is a comparison of the Moodys/REAL Commercial Property Price Index (CPPI) and the Case-Shiller composite 20 index.

Notes: Beware of the "Real" in the title - this index is not inflation adjusted. Moody's CRE price index is a repeat sales index like Case-Shiller - but there are far fewer commercial sales - and that can impact prices.

CRE and Residential Price indexes Click on graph for larger image in new window.

CRE prices only go back to December 2000.

The Case-Shiller Composite 20 residential index is in blue (with Dec 2000 set to 1.0 to line up the indexes).

It is important to remember that the number of transactions is very low and there are a large percentage of distressed sales.

# Commercial real estate prices (as measured by this index) fell 7% combined in June and July.

# The index is now down 43.2% from the peak in October 2007.

# The index is only 0.9% above the October 2009 low.


THE BULLSHIT PILES UP SO FAST YOU NEED WINGS TO KEEP ABOVE IT IN OBAMA'S LYING AMERIKA.

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#1. To: Nebuchadnezzar (#0)

Prices have little to nothing to do with a recession, dipshit.

war  posted on  2010-09-20   14:28:55 ET  Reply   Trace   Private Reply  


#2. To: war (#1)

Prices have little to nothing to do with a recession, dipshit.

Dude, lay off the "Retard" pills for a day.

Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554

Nebuchadnezzar  posted on  2010-09-20   14:43:44 ET  Reply   Trace   Private Reply  


#3. To: Nebuchadnezzar (#0)

Almost as delusional as Owe-bama claiming today 'The Tax Cuts were not paid for!'

As if its his money...not to mention he TRIPLED THE DEFICIT.

Who paid for that, Owe-bama?

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-09-20   14:44:29 ET  Reply   Trace   Private Reply  


#4. To: Badeye (#3)

Almost as delusional as Owe-bama claiming today 'The Tax Cuts were not paid for!'

As if its his money...not to mention he TRIPLED THE DEFICIT.

Who paid for that, Owe-bama?

EXACTLY.

Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554

Nebuchadnezzar  posted on  2010-09-20   14:44:56 ET  Reply   Trace   Private Reply  


#5. To: Nebuchadnezzar (#2)

Dude, lay off the "Retard" pills for a day.

A recession is the state of business activity, dipshit. You can have hyperinflation and a recession as, in fact. we had in the 80's.

war  posted on  2010-09-20   14:51:05 ET  Reply   Trace   Private Reply  


#6. To: Nebuchadnezzar (#4)

EXACTLY.

Exactly what, dipshit?

We didn't have deficits when Boy Blunder was POTUS?

war  posted on  2010-09-20   15:22:59 ET  Reply   Trace   Private Reply  


#7. To: Nebuchadnezzar (#0)

If the recession is over why can't Badeye find a job. I'm calling bullshit!

"Were you ever in the music or song writing business?" ... e_type_jagoff to Mudboy lol ..... AND ....... "But his decent into vile absurdity is still actually kind of sad and pitiful really" .... mad doggie

Biff Tannen  posted on  2010-09-20   16:05:50 ET  Reply   Trace   Private Reply  


#8. To: Abu el Banat (#7)

If the recession is over why can't Badeye find a job.

Because he won't take a job that pays him what he's worth because he won't work that cheap.

Skip Intro  posted on  2010-09-20   18:49:57 ET  Reply   Trace   Private Reply  


#9. To: war (#6)

To: Nebuchadnezzar

EXACTLY.

Exactly what, dipshit?

We didn't have deficits when Boy Blunder was POTUS?

I showed you before that the real deficit problems began under Obama.

Wow, it's like talking to some autistic kid who can't process the most simple of tasks.

You need help War.

Clinton and Cuomo are the true bandits who lit the fuse to this economic crisis we're now in. All in the name of getting more minorities in houses: http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=12554

Nebuchadnezzar  posted on  2010-09-20   19:00:10 ET  Reply   Trace   Private Reply  


#10. To: Nebuchadnezzar (#9) (Edited)

I showed you before that the real deficit problems began under Obama.

A) The deficit for 2009 was 1.2trl when Obama assumed office.

U.S. federal budget deficit soared to 569 billion dollars in the first four months of the current fiscal year, the highest on record for this period, the Treasury Department reported earlier this month.

The deficit for October 2008 through January 2009 was six times more than the red ink during the year-ago period and has already surpassed the imbalance for all of last year, which was 454.8 billion dollars, a full-year record.

The bipartisan Congressional Budget Office has projected that the budget deficit will hit an all-time high of 1.2 trillion dollars in the current fiscal year, which ends on Sept. 30, 2009.

The estimate doesn't include the cost of Obama's economic stimulus bill.

In the 2007 fiscal year, the federal budget deficit dropped by 34.4 percent to 162 billion dollars, a five- year low since an imbalance of 159 billion dollars in 2002, reflecting faster growth in government revenues than spending.

Several myths of yours are slain in that brief passage INCLUDING that the DEMS, when they took over the Congress, outspent the revenues.

B) Not one thing that you have ever "show[n]" me has EVER withstood even minimal scrutiny.

Remind me who that dipshit was who posted an article which blamed Obama fior "allowing" FNMA to purchase the HFC loans and then posted an article which revealed that a) no one in the oversight agency knew FNMA was purchasing those loans and b) they put a STOP to it when it was discovered?

Oh...I remember...that dipshit was YOU...

[snicker]

war  posted on  2010-09-20   19:40:06 ET  Reply   Trace   Private Reply  


#11. To: war (#10)

A) The deficit for 2009 was 1.2trl when Obama assumed office.

The problems are structural and date back to at least 1913.

Placing all of the blame on any single person is like only charging the last person in a gang rape with a crime.

Andrew Jackson  posted on  2010-09-20   21:02:39 ET  Reply   Trace   Private Reply  


#12. To: Andrew Jackson (#11)

What happened in 1913 that caused the structural deficit we have today?

war  posted on  2010-09-21   8:40:08 ET  Reply   Trace   Private Reply  


#13. To: war (#5)

A recession is the state of business activity, dipshit. You can have hyperinflation and a recession as, in fact. we had in the 80's.

We had hyper inflation in the '70's.

The '80's had 10% Money Markets with gas crushed down to 89 cents by the time Saddam was given the 'green light' to invade Kuwait.

mcgowanjm  posted on  2010-09-21   9:42:10 ET  Reply   Trace   Private Reply  


#14. To: war (#12)

What happened in 1913 that caused the structural deficit we have today?

The framework for the initial agreements

The History of Oil 1908: Oil discovered in Persia (Iran) by Burmah Oil. ... 1913: Oil found in Venezuela. 1914: The British Government, led by Churchill and driven by the ... www.theworldofenergy.com/index.php?option=com...id...

Between 1913 and 1923 the Rulers of the various shaikhdoms and states under review in this publication signed undertakings not to grant oil concessions except to companies appointed by the British Government: the Ruler of Kuwait´s signature was obtained in 1913; the Ruler of Bahrain´s in 1914; the Ruler of Qatar´s in 1916; the Rulers of the Trucial Coast states´ in 1922 and the Sultan of Muscat and Oman´s in 1923.

mcgowanjm  posted on  2010-09-21   9:49:36 ET  Reply   Trace   Private Reply  


#15. To: mcgowanjm (#13)

We had hyper inflation in the '70's.

13.6% in 1980..10.5% 1981...

war  posted on  2010-09-21   10:01:01 ET  Reply   Trace   Private Reply  


#16. To: mcgowanjm (#14)

He's talking about the FRB...look at his "name"...

war  posted on  2010-09-21   10:01:36 ET  Reply   Trace   Private Reply  


#17. To: war (#16)

He's talking about the FRB...look at his "name"...

I got that. ;}

mcgowanjm  posted on  2010-09-21   10:24:43 ET  Reply   Trace   Private Reply  


#18. To: war (#15)

We had hyper inflation in the '70's.

13.6% in 1980..10.5% 1981...

The stats reflect the '70's Inflation.

Prices coming down even with your own numbers.

This is where the crush started for the Middle Class.

My father lost his farm as Grain/Fiber prices plummeted as he, and others, had gotten 'fully extended' with land acquisitions/loans.

The beginning of my Decade Long 'Depression'.

mcgowanjm  posted on  2010-09-21   10:27:32 ET  Reply   Trace   Private Reply  


#19. To: mcgowanjm (#18)

Less hyper is still hyper.

The point, tho, was that price action and recessions can and usually are mutually exclusive.

war  posted on  2010-09-21   10:28:52 ET  Reply   Trace   Private Reply  


#20. To: war (#12)

What happened in 1913 that caused the structural deficit we have today?

Why the creation of the Fed of course.

Andrew Jackson  posted on  2010-09-21   11:41:59 ET  Reply   Trace   Private Reply  


#21. To: Andrew Jackson (#20)

I knew the answer.

I've heard this before.

The explanation of this is always anemic.

The correct answer is that the FEd has had diddly squat to do with the structural deficit. Any argument to the contrary os pure sophistry.

war  posted on  2010-09-21   11:43:51 ET  Reply   Trace   Private Reply  


#22. To: war (#21)

The correct answer is that the FEd has had diddly squat to do with the structural deficit.

Unsupported assertion.

Any sane entity would have stopped loaning us money decades ago.

You can't live off the credit card forever. As an individual or as a government.

Andrew Jackson  posted on  2010-09-21   12:01:10 ET  Reply   Trace   Private Reply  


#23. To: Andrew Jackson (#22)

Unsupported assertion.

As opposed to: The problems are structural and date back to at least 1913.

war  posted on  2010-09-21   12:22:42 ET  Reply   Trace   Private Reply  


#24. To: war (#23)

As opposed to: The problems are structural and date back to at least 1913.

OK.

A deficit is a debt. For every debt there is a debtor and a creditor. They are not mutually exclusive. One cannot exist without the other.

Without the ability to become a debtor, these "structural" deficits would never have existed in the first place. Without a willing creditor, debtors become beggars rather quickly. The FED has been a creditor of last resort since it's inception.

Andrew Jackson  posted on  2010-09-21   12:38:34 ET  Reply   Trace   Private Reply  


#25. To: Andrew Jackson (#24)

Post hoc ergo propter hoc. Because of the Fed there is debt. That's BS.

When was the US last NOT in debt and the irony of your name is not escaping me as I ask that question....?

war  posted on  2010-09-21   12:43:39 ET  Reply   Trace   Private Reply  


#26. To: war (#25)

Because of the Fed there is debt. That's BS

That's also not what i said.

I simply asserting that without the FED, the debt monster would have devoured itself long ago.

Andrew Jackson  posted on  2010-09-21   12:48:07 ET  Reply   Trace   Private Reply  


#27. To: Andrew Jackson (#26) (Edited)

And that assertion is unsupported by the history of the US.

What perpetuates the debt is the US Congress and the POTUS paying back their benefactors via the US Treasury. If anything, blame the railroads.

war  posted on  2010-09-21   13:28:30 ET  Reply   Trace   Private Reply  


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