Jazen
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So without claiming the obvious, I think this is the catalyst that will begin the whole downward spiral.
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Although that hasn't helped Lennars case. CNN Money: Lennar reports unexpected loss
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Mr. Jubak breaks it down quite well. Look out below! Can bond market stand to be exposed?
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I agree TJ, and get this... Another Bear Stearns fund may need bailout Oh no, not another one!
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Check this out, sweet double wide went for 33K in 1996, 11 years later, up for grabs for a cool 350K. http://www.redfin.com/stingray/do/print ... -id=857802
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Oh and Klio, the senior execs and VPs at Pulte thank you as well. Idiota. http://www.cnbc.com/id/19375113
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Yes, let's talk History 101 Klio, Upton Sinclair wrote a great book called The Jungle. Read it? You should, for right now, all the rich, elite execs in Corporate America are thankful that they have fools like you furthering their cause to get rich…
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Another prediction by Jim Cramer, the dow will hit 14500 by the end of the year. Only 1200 more points to go.
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Realtor purchase? Check out this ad, not a flip, but it went to STI and now it is back on the market! So why use STI as a gauge of positive housing activity? http://www.redfin.com/stingray/do/print ... -id=825616
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Man, it's like 1999 all over again, with a different flavor. Glad I learned from that mistake. Never again will I be a fool.
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I decended from legal immigrants too!!!!! I feel so F%$#ng special. Our health care may suck donkey balls, but it's a lot better than the old, use a hammer for anesthesia and rub some dirt on that cut, health care in Mehico. Idiot. Our education…
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There are many "bubble people" where I work. At happy hour yesterday all people talked about was how unaffordable it was to live here because anything relatively close to Seattle was 500K. Without any prompting from me (admitted bubble blatherer),…
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You go TJ, I'm with you. Go. It's in their own best interest to skew or misrepresent or whatever the data. Which, I too, believe they are doing. I'm not a big believer in the black helicoptor theory, but I believe that a lot of economic data we …
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Really? A rise in inventory that is unbearable to handle would be just peachy, but, do you think that is true? Or is it regulatory in nature? Let's hope not as Redfin does a lot of the common people a lot of good. Kinda like Barrack Obama.
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I can't wait.
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So, Seattle is still very special according to them?
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deejayoh wrote: Steal the mouse/screen interface from Xerox idea from them because they didn't patent it and move out of your parent garage. Um, you might check your history on this one. Look under "Jobs, Steve". Bill just copied him …
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Actually, you need to look at timing. While Bill Gates may be quite rich, he got that way by being a bit of a snake. Steal the mouse/screen interface from Xerox idea from them because they didn't patent it and move out of your parent garage. He's…
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Funny you should mention railroads, Warren Buffet just bought a huge stake in two.
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Oops guess I was wrong. Here is the article, mortgage rates need to drop, not the Fed rate. Sorry. Investment Outlook - Bill Gross - Grim Reality So, since we ain't gonna see mortgage rates decline that much any time soon, guess what has to happ…
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Bill Gross said that either housing must come down 20% or the Fed must drop rates 50 points, I can't find the link to the article. But it may be floating around on a previous post I made.
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Also, I just love this, if the Dow dropped another 500 points tomorrow, I would go home early and get drunk. Just watch the housing market tank now.
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perplexd wrote: Jazen wrote: Not much of a catalyst to precipitate it though, was hoping for something more disasterous. This could be part of it as well: http://www.theoildrum.com/node/2639 High oil combined with higher interest …
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That and an increase in crime. I think you can say the undoing has begun.
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biliruben wrote: In the last downturn, inventory went down as people who couldn't get their price simply took the house off the market. In this downturn, the opposite is happening. There are so many speculators and Builders desperate to get ou…
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Hey, whatever it is, I will take it! I have a ton of cash just waiting to go somewhere and I also love it when a plan comes together!
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I read that stupid article. Reaching, really reaching. I like how they get a local "expert" from the University to shead some light on the subject. Dumb.
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Perhaps this is the beginning? Everyone has been calling for a pull back. Not much of a catalyst to precipitate it though, was hoping for something more disasterous.