We sold a condo in Watercolor (south side) just as prices started up in late 2002 for $875M that had been listed for 6 months, saw that condo get listed for as much as $1.4MM in 2004, and did we feel dumb for having sold. The one next door just got listed for $850M. Not only are we back where we started but in some ways below where we started.
I do not know what that tells us.
Replies
58Skunky
No wonder I was putting off reading this thread. What a trainwreck. Someone says that they were taught better, yet they do not as they were taught.
As I understand the m vs k issue, M is the Roman numeral for 1,000. M is also French for mil, which translates to 1,000. K represents kilobyte, or 1024 bytes, which loosely translates to 1,000 for many non-computer geeks. Computer geeks would never use K to represent anything other than 1024 x y (y=the variable number in front of the k). The problem in communicating k and m is that if you put an m behind a number for most people, they think you mean million. Why? Because in our world of technology, M represents a MegaByte, or 1,024,000 bytes, often thought of as 1,000,000 by us non-tech geeks, and the metric peeps. That is why it is important to clarify language sometimes, no different than setting appointments for meetings with people coming from a different time zone. Communication is important to us all. Using an m vs a k, doesn't make one more or less important. It's just what they do and know.
What is today's temperature in K at the circa Y2K development known as Watercolor where one can buy a house for 1M or 1000k? I wanna know, 'k?
Beach Fanatic
287.5944 degrees K, assuming that the air temperature is 58 degrees F as posted on AccuWeather.com
Beach Fanatic
Regardless of K's and M's...the issue being argued is behavour.....difference of opinion got way out of hand and toofargone lost it!!! It was very entertaining, obviously, or there would not have been so much interest in it. K and M is fine...I think we all were able to figure out what BuckHeadRick meant with M......and we had some good natured ribbing, the BHR got uptight about....toofargone became the Nun with a ruler, etc...I don't have a problem giving this thread back to ER. We can just start another one and come back and check on the stuffy ones on occassion to lighten it up.
Beach Fanatic
OK, here is the post that turned this thread into a squabble: Sorry children, but in the financial markets (where I've made my living for 33 years) m = thousands, I have seen K used but mostly in the popular press and the comic strips ,not the financial press.
Obliously you all read read more of the latter than the former.
Fisher, if addressing people on here as 'children' is not a touch arrogant, please, let us all know what you feel to be a more appropriate adjective. That is all I am saying. Elgordo didn't even point out that BuckheadRick's post made no sense as his use of 'former' and 'latter' implies that those he was lecturing spend more time reading the 'financial press' than the 'popular press and comics';that would have been over the top.
I go contrary to 'the party line' on a regular basis but have yet to be banned, attacked, punished by ostracism or whatever it is that happens to folks who don't follow 'the party line'.
Perhaps it might be a public service to start a 'party line' thread and let us know what the board's consensus is on all manner of topic, issue by issue, so as to codify the official opinions. Good luck
I thought you were saying that I referred to people as children. My mistake.
By the way, I generally agree with much of "your party" line thinking.
Beach Fanatic
Since this is almost a new thread I feel I can post w/o adding to the furor of the previous fiasco. There is no "party line" here. I began posting on the different side of a particular issue contra Skunkape, Bob, and SJ as well as others. You hand out some lumps and you take some lumps, sometimes it is hugs and kisses all around. Keep posting if you enjoy it, take nothing personal.
Edited
SoWal Guide
Have to totally agree with you on this one, fisher. Kind of frustrating isn't it?
Regardless, I am glad Buckhead Rick pointed out the mistake that most people outside the financial realm make by using a "K" - I do it all the time! Had no idea it wasn't correct. Thanks for correcting us all!
Jill - what is frustrating? I can understand someone who is not familiar with this board or this particular online community saying such. but I don't get what you are saying or why. can you elaborate?
SoWal Guide
Like, who cares about the m's & the k's? Seriously, who's got the hotel room for prom night?
best line on this thread by far! oh, besides the one by gordboy that I guess i missed out on entirely.
Beach Fanatic
That explains that confused guy with a sheet over his head looking for the MMM rally





I'm just getting caught up on all the drama I missed this week!
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