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Here is your open thread for the weekend beginning Friday January 18th, 2013. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known.
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Interesting news about the Fed transcripts recently released for 2007.
http://online.wsj.com/article/SB10001424127887323968304578249664285846402.html
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Tear downs i SoCal
http://discussions.latimes.com/20/lanews/la-me-holland-teardown-20130118/10
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RE: Kary L. Krismer @ 1 – That one is stuck behind a paywall, it seems, but an interesting story from whatever source you read it. I’ll be even more interested to see the 2008 transcripts…
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RE: Sparky @ 3 – Odd, I got it from the Google News business section. Try searching Google News for the story.
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Ok, things are getting ugly.
Short Sale that we were considering just taking a look at. Was pending for 7 months, recently relisted. To me that means that it has a slim chance of closing in the near future.
On the market for 10 days, 5 offers, one above “asking”
That is desperation.
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By Howard @ 5:
The pending for 7 months isn’t a good sign, but at some point the property may get to be near a foreclosure date, and that can lead to a decision being made by the bank.
Think of it as being like one of those people who watch someone pump a ton of money into a slot machine, and then go play the machine if it hadn’t paid off for the first person.
That said, please don’t take this as in indication bidding on a short sale is a good thing. It is for some people, but not most people.
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Crackshack or mansion?
http://www.crackshackormansion.com/
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If HBSC execs were found to be running a child porn ring, would they go to jail?
If you were to use the bogus rationale of that disgusting hemmorhoid Lanny Breuer, the answer would be “No,” as jailing criminals would somehow magically destabilize the financial sector.
Obama sucks.
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Here’s an interesting excerpt from Dr. Martin Luther King’s “Drum Major Instinct” sermon (emphasis mine):
I’ve never been a religious man, and I’ve often thought of sermons as self-righteous baloney, excuses to fear/hate monger. I’ve often thought of MLK Day as a self-serving political pandering holiday. But this speech is so timeless that it could have been written today. It is filled with such insight on human character that it fills me with enormous respect for Dr. King, and I can’t find any ideals set forth in it that any right-thinking man could disagree with.
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I’m sure this Zestimate is 100% accurate. /sarc
http://www.zillow.com/homedetails/1600-Pennsylvania-Ave-NW-Washington-DC-20006/84074482_zpid/
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Someone is asleep at the wheel at NWMLS..
If you use their mortgage calculator link the lowest interest rate is 4%… been a while since it was it was 4.0
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