{"id":998,"date":"2007-08-03T11:56:56","date_gmt":"2007-08-03T18:56:56","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/2007\/08\/03\/drive-by-commentary-street-of-dreams-im-not-digging-any-more-post-holes-red-sox-market-other-stuff\/"},"modified":"2007-08-03T14:43:10","modified_gmt":"2007-08-03T21:43:10","slug":"drive-by-commentary-street-of-dreams-im-not-digging-any-more-post-holes-red-sox-market-other-stuff","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2007\/08\/03\/drive-by-commentary-street-of-dreams-im-not-digging-any-more-post-holes-red-sox-market-other-stuff\/","title":{"rendered":"Drive by commentary: Street of Dreams, I&#8217;m not digging any more post $#%!! holes, Red Sox, market, other stuff."},"content":{"rendered":"<div style=\"margin: 5px auto; font-size: 0.8em; text-align: center;\"><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2007\/08\/112_2939.JPG\" title=\"112_2939.JPG\" rel=\"lightbox[998]\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2007\/08\/112_2939.JPG\" style=\"border: 1px solid #000000;  alt=\"112_2939.JPG\" height=\"434\" width=\"539\" alt=\"&#0169; Tim S. Kane 2007\" title=\"&#0169; Tim S. Kane 2007\" \/><\/a><br \/><a href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2007\/08\/112_2939.JPG\" title=\"&#0169; Tim S. Kane 2007\" rel=\"lightbox[998]\">Click to enlarge<\/a> &#8211; &#0169; Tim S. Kane 2007<\/div>\n<p>It&#8217;s drizzling, my body is extremely sore from digging post holes for 1,600 lineal feet of fencing and I&#8217;ve got about 40 feet to go, so I&#8217;ll take this opportunity for my Seinfeld (mostly about nothing) market commentary.   And before you all laugh at me as a homeowner dumping money into my fence, I&#8217;m saving over $10K in labor.  And no, I&#8217;m not getting ready to sell.   Ok, so it&#8217;s taken me all of July to do it.   Oh, it&#8217;s Aug. 3rd?<\/p>\n<ul>\n<li>\n<p>Anyway, so my wife is fixing her hair this morning and says: &#8220;what the heck is going on with all these lenders going out of business?&#8221;  No, it&#8217;s not that she is unaware of the situation, far from it, but more so it was a remark of &#8220;this is crazy.&#8221;<\/p>\n<\/li>\n<li>\n<p>Late last year and early this year we had escrow transactions fail to fund with some lenders that are now RIP.   I don&#8217;t know if too many people were paying attention like I was, but that was a clear indication to me that something was wrong, back then.  A while back  <a href=\"http:\/\/www.raincityguide.com\/2007\/08\/01\/so-you-think-you-might-need-a-mortgage\/\">chief RCG mortgage correspondent, Rhonda Porter<\/a> and I discussed New Century and her conversation with an New Century Account Exec. indicating that all was well.  We both know the result.<\/p>\n<\/li>\n<li>\n<p>Many of the readers on this board are significantly more astute in investing in the stock market than I, and some may be experienced at shorting stocks.   Personally, I&#8217;ve got less than 5% in the market because I equate investing in the stock market in some cases like gambling.   I never win in gambling.   Ever.<\/p>\n<p>That said, I would watch the action of title companies with closer scrutiny.  Because of the market turmoil there has been an upward increase in title claims due to &#8230;.drum roll&#8230;fraud, etc&#8230;  That hurts earnings.   Furthermore, I get the sense that a major title insurance player could merge or gobble up another.    Consolidation is highly active in  this environment and was during the last downturn.<\/p>\n<\/li>\n<li>\n<p>Speaking of home improvement, one of the best ways I know of to hedge against a market downturn is to learn how to do improvements to your house, as a do-it-yourselfer.   Owning can be expensive with unknown things cropping up:  heating system, drive by mail box bashers, plumbing issues, you name it.   I&#8217;ve saved tens (more, but I can&#8217;t publish it here because it is a closely held secret) of thousands because I rarely pay retail labor costs.  Sure I&#8217;ve made costly mistakes, but I&#8217;ve saved much more.<\/p>\n<\/li>\n<li>\n<p>The refinancing gravy train has slowed down.   A lot.  LOT.<\/p>\n<\/li>\n<li>\n<p>I have access to Street Of Dreams discount ticket coupons ($3 off) for WEEKDAY only visits.  I thought it was really good this year with lot of emphasis on woodwork (the good houses) which is my style being that I grew up in a 1906 Craftsman on Capitol Hill in Seattle.   The show is through August 19th.  If you&#8217;d like a coupon, please e-mail me at tim@legacyescrow.net and I&#8217;ll get them into the mail to you.<\/p>\n<\/li>\n<\/ul>\n<p>Have a good weekend and I&#8217;ll see you at the Red Sox game tomorrow.  It&#8217;s my son Andrew&#8217;s ninth B-day tomorrow and if you wish him happy birthday here at Seattle Bubble, he&#8217;d get a kick out it thinking he&#8217;s famous.<\/p>\n<p>&#8211; S-Crow<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[],"tags":[109,50,75,30,92,74,143],"coauthors":[],"class_list":["post-998","post","type-post","status-publish","format-standard","hentry","tag-drive_by_commenting","tag-escrow","tag-financing","tag-lending","tag-real_estate_professionals","tag-s-crow","tag-street-of-dreams"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Drive by commentary: Street of Dreams, I&#039;m not digging any more post $#%!! 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