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A comment on Homes in 97% of U.S. cities are overvalued, Moody's says. Parent comment

Re:Homes in 97% of U.S. cities are overvalued, Moody's says by rufus_foreman on Thursday May 05, 2022 @10:00PM (#31280415)
>> Isn't this one of those "If everyone is crazy, you're crazy" situations?

No.

Hopefully you aren't using that justification to do something stupid.

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by serf on Thursday May 05, 2022 @10:14PM (#31280491)
>No.

just no?

group consensus and participation shapes nearly every human endeavor; why do you think that this round-a-bout consensus (97%) is unrelated?

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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by fennecfoxen on Thursday May 05, 2022 @11:06PM (#31280844)
Because for all that today's sales prices are driven by that consensus, you can do math on the expected future income stream (including imputed rent) (adjusting it for interest rates and inflation and risks) and determine that it comes up a bit short by most measures.
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