Comments on: Foreclosures up: “Okay, on my word, everybody panic. Wait for it . . . wait for it . . . GO!” http://hawaiirealestatereporter.com/real-estate-trends/foreclosures-up-%e2%80%9cokay-on-my-word-everybody-panic-wait-for-it-wait-for-it-go%e2%80%9d/ Hawaii Real Estate News, Trends and Analysis Tue, 04 May 2010 19:38:42 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Erik Covarrubias http://hawaiirealestatereporter.com/real-estate-trends/foreclosures-up-%e2%80%9cokay-on-my-word-everybody-panic-wait-for-it-wait-for-it-go%e2%80%9d/comment-page-1/#comment-31 Erik Covarrubias Thu, 17 Jul 2008 19:42:16 +0000 http://hawaiirealestatereporter.com/?p=4#comment-31 When is the best time to buy? When you can. When is the best time to buy? When you can.

]]> By: Mike M http://hawaiirealestatereporter.com/real-estate-trends/foreclosures-up-%e2%80%9cokay-on-my-word-everybody-panic-wait-for-it-wait-for-it-go%e2%80%9d/comment-page-1/#comment-3 Mike M Fri, 06 Jun 2008 20:10:29 +0000 http://hawaiirealestatereporter.com/?p=4#comment-3 It seems like the media really gets a kick out of using big percentages to scare people in regards to foreclosures. There were, comparatively, very few foreclosures to begin with in the islands in '07--less than 100 in April--and anyone who went to 6th grade math class knows that if you have a small denominator (the April '07 foreclosure count) to begin with, any increases in the numerator will make for big percentage changes. If the Advertiser is so engrossed with big, scary percentages, why don't they use one that frames the situation objectively. If 1 out of 519 US homes are in foreclosure, and only 1 out of 2381 Hawaii homes are in foreclosure, that means Hawaii has 458% less foreclosures than the national average. Oh... wait... so you mean the Hawaii real estate market has 4 and 1/2 times LESS foreclosures than the national average....??? How the hell are we going to sell any newspapers with that kinda news...??? It seems like the media really gets a kick out of using big percentages to scare people in regards to foreclosures. There were, comparatively, very few foreclosures to begin with in the islands in ‘07–less than 100 in April–and anyone who went to 6th grade math class knows that if you have a small denominator (the April ‘07 foreclosure count) to begin with, any increases in the numerator will make for big percentage changes.

If the Advertiser is so engrossed with big, scary percentages, why don’t they use one that frames the situation objectively. If 1 out of 519 US homes are in foreclosure, and only 1 out of 2381 Hawaii homes are in foreclosure, that means Hawaii has 458% less foreclosures than the national average.

Oh… wait… so you mean the Hawaii real estate market has 4 and 1/2 times LESS foreclosures than the national average….???
How the hell are we going to sell any newspapers with that kinda news…???

]]> By: Joe http://hawaiirealestatereporter.com/real-estate-trends/foreclosures-up-%e2%80%9cokay-on-my-word-everybody-panic-wait-for-it-wait-for-it-go%e2%80%9d/comment-page-1/#comment-2 Joe Wed, 04 Jun 2008 20:09:01 +0000 http://hawaiirealestatereporter.com/?p=4#comment-2 Hey they gotta sell newspapers right? Hey they gotta sell newspapers right?

]]>