buyers: MY BUSINESS CARD SAYS REALTOR®...NOT TAXI DRIVER!
- 03/09/12 01:07 AM
A lot of A R REALTORS® are making their cases, on their blogs, for how and why they feel "hurt or used" by "buyers"...who take their time, and gas, then buy from another agent... They show them a bunch of properties, feel hurt or used, buy them a bunch of lunches and dinners, feel hurt or used, waste a bunch of gas and time and effort, feel hurt or used, lose important time with their kids and families (this is the point where the pathetic background music fires up), feel hurt or used, did I mention that they feel, feel hurt or used, … (4 comments)
buyers: HAPPY ST. PATRIC'S DAY - KISS ME! I'M IRISH (Polish)!
- 03/17/11 04:41 AM
HAPPY ST. PATRIC'S DAY - KISS ME! I'M IRISH! Go on out and Celebrate the ONLY non-American...American holiday (except for Cinco de Mayo) in March...on the 17th day...thereof.
Enjoy your day and give some Single-Malt Irish Wiskey a Wee Bit O' A Try! Tom
… (2 comments)
buyers: BUY APARTMENT BUILDINGS THEY WILL BE IN EXTREME DEMAND - UNDERWATER PROGRESS!
- 03/07/11 04:44 AM
THE AMERICAN HOME MARKET HAS REACHED ANOTHER "INFAMOUS" GOAL in 2010: DURING 2010 THE TOTAL OF UNDERWATER HOMES IN THE US WENT FROM 21% IN THE FIRST QTR TO 23% IN THE THIRD QTR TO 28% IN THE FINAL QUARTER. That represents a move toward 30% and on to 40% of the homes which have mortgages. This is bleak news for homeowners but positive for the owners of Apartment Building Investment properties, especially in nice areas with great schools and services. There is an additional issue with the Under Water Homes...when the owners sell or short sell or deal with … (0 comments)
buyers: ELVIS IS NOW THE REAL ESTATE INDUSTRY & ELVIS IS LEAVING THE BUILDING
- 03/05/11 01:30 PM
ELVIS IS LEAVING THE BUILDING!!! In real estate that is...in the next few years Fanny and Freddy will be "All Shook Up" and "Blowin' In The Wind". If you think you can ask them to "Don't Be Cruel"...they'll tell you "I Forgot To Remember To Forget". We all need to get smarter and work The interest rates are going up, soon, weeks not months I suspect, when they do you'll sing: "Make the World Go Away" and you'll wish you had a little "Poor Man's Gold" to "Help Me Make It Through the Night". It's likely that the 30 year fixed … (2 comments)
buyers: FORECLOSRE MORATORIUM AT HSBC - MORE SHORT SALES AHEAD! BUY APARTMENT BUILDING INVESTMENTS
- 03/03/11 04:02 AM
HSBC (England Based Lender) DOCUMENTS from Tuesday show that they have placed ALL Foreclosures in the USA...until irregularities in their foreclosure documents and programs can be corrected. This might be a 30 day hold or a 60 day hold. During that period, more and more HSBC Foreclosures will necessarily back up in the Phantom Inventory Tsunami. These foreclosures will not be "dismissed" and when they come back online...Katey Bar The Door. IT COULD JUST TURN OUT THAT PLACING FORECLOSURES ON HOLD...IS A STRATEGY TO PREVENT THEIR NEW FORECLOSURES FROM "BIDDING DOWN or AGAINST" THE ONES THEY CURRENTLY HAVE ON THE MARKET! N.A.R. … (2 comments)
buyers: HOME SALES DROP IN JANUARY TOO! N.A.R. REPORT - BUY APARTMENT BUILDINGS!
- 02/28/11 06:06 AM
I just saw a report that N.A.R. found that home saled dropped by nearly 3%, again, in January. When buyers are scarce, the Inventory of homes builds up on the market. The Smart Folks are still predicting a Tsunami of FORECLOSURES coming in March and into the Second Quarter of 2011. The less homes that are purchased, the more the Value of Homes Sinks...the lower the Market Value of Homes...the more homes fall below the Underwater Homes Point. THE MORE HOMES THAT FALL BELOW THE UNDERWATER LINE...THE MORE FORECLOSURES and SHORT SALES. This isn't Rocket Science...just common sense. Out of ALL … (0 comments)
buyers: JURASSIC PARK & BERNANKE-The Electric Fences Will Control The Monster- INFLATION!
- 02/16/11 04:02 AM
JUST LIKE IN JURASSIC PARK...BEN BERNANKE"KNOWS" THAT HE CAN CONTROL THE BIG MONSTER , THE TYRANNOSAURUS REX...IN THE FINANCIAL PARK... INFLATION!!! Our Bernanke Boys cheat on the CPI numbers...Well, every quarter, the Government removes the most VOLATILE commodities from the CPI so that they never, again, have a Jimmy Carter...12% Inflation Moment... CHINA DOES THAT TOO...How's that workin' for them? Here's a few paragraphs from Zero Hedge Blog about the Inflation Problem in China...even with their manipulation...they CAN'T CONTROL THE MONSTER. _________________________________________________________ China Inflation: Getting Worse and Coming To A Wal-Mart Near You - ZERO HEDGE BLOG Residence costs jumped 6.8% … (0 comments)
buyers: SMALL BUSINESS IS THE JOBS ENGINE THAT WILL END THE RECESSION - NOT!!
- 02/10/11 08:06 AM
SMALL BUSINESS IS THE JOBS ENGINE THAT WILL END THE RECESSION...It's almost like a prayer or mantra for the Leaders of America. Gongress, The President, The Pundits all say the Small Business will bail out America...Very Soon...maybe not! Due to all the REGULATIONS and NEW TAXES and MEDICAL CARE MANDATES and COSTS OF HIRING just ONE employee...small businesses have decided to do with many less employees... IF WE'RE GOING TO GO BANKRUPT WE'RE GOING TO DO IT WITHOUT TAKING A BUNCH OF FOLKS WE LOVE DOWN WITH US. Every time they hire someone...they know that they may need to fire them … (1 comments)
buyers: Larry Speak - Fun and Frollic of the NAR Chief Economist
- 02/09/11 06:19 AM
FANNY AND FREDDIE MAY BE ON THEIR WAY TO THE ASH HEAP OF HISTORY! There are a number of proposals aimed at getting the USA out of the mortgage business. Now that the barn has burned down it's time to close what's left of the door! Said proposals will be released by Timothy Geithner on Friday...probably after the Stock Market closes. Three options: 1) Kill them both over a short number of years...say 5 years. 2) Scale them back to modest insurers by reducing the loan amounts they can make and have them be lenders of last resort. Say $250 Billion … (0 comments)
buyers: 120 US Counties have 30% or More Underwater Loan SFRs
- 02/09/11 05:46 AM
THAT'S RIGHT, CORE LOGIC DID A STUDY OF THE 380 COUNTIES IN THE USA AND FOUND THAT NEARLY HALF OF THEM HAD AT LEAST 30% OF THE HOMES IN THEIR COUNTIES MORTGAGE LOANS UNDERWATER. The Foreclosure and Short Sale issue is NOT going to go away anytime soon!!! 17 OF THE COUNTIES HAD MORE THAN 50% OF THEIR HOMES IN UNDERWATER CONDITION. There are a good number (if talking about homes with Underwater Loans can be good) of counties with less than 10% of their homes in underwater status...about 40 of them. Manhattan and Orange New York are in the 1% to 2% … (0 comments)
The SHADOW INVENTORYis a reference to those homes which are either owned by banks or investors and not yet on the open market for sale...or...significantly in to the foreclosure process and expected to hit the market within a reasonable time period. MY STATE IS FAMOUS!!! California has the largest Shadow Inventory of homes in the USA and it will take about 3 to 4 years to clear this excess inventory. NEW YORK STATE will take longer because they are in the midst of because it … (3 comments)
buyers: B of A & The Buy Backs - Half A Trillion Dollars?
- 02/07/11 12:45 PM
The financial blogs and news sites are speculating that B of A might be on the hook for Half a Trillion Dollars due to the repurchase provisions in the Mortgage Pools they sold. I could be huge...so large in fact that B of A has started cooperating is some repurchase negotiations for about 4 Billion Dollars. The most interesting this is...that NOBODY LEARNED THEIR LESSON IN 2006 & 2007. With sales and refinancing in 2009 running at nearly an all time high of 2 Trillion Dollars...Freddie Mac recently found the the loan defect rate for 2008 and 2009 could be as high as … (4 comments)
buyers: 2.5 MILLION HOMEOWNERS HAVE LESS THAN 5% EQUITY - WHAT ABOUT 10%??
- 01/27/11 04:50 AM
2.5 MILLION HOMEOWNERS HAVE LESS THAN 5% EQUITY - WHAT ABOUT 10%?? THE BANKS AND LENDERS "MUST" MAKE SHORT SALES EASIER AND FASTER TO COMPLETE!!! QUESTION: How much equity MUST a homeowner have to sell and at least break even...no cash out of pocket? 10% right? MSNBC.com has an interesting story under their Business link see Foreclosures are Spreading to Previously Safe Areas. They make the case that 2.5 million USA homeowners have less than 5% equity in their homes...but has ANYONE studied how many homeowners have at least 10% equity so that they might sell, and avoid short sale or foreclosure, if … (2 comments)
buyers: HOW DO YOU KILL A STATE? - ANYWAY? CALIFORNIA HAS THE FORMULA! Part 5
- 01/15/11 04:18 AM
HOW DO YOU KILL A STATE? - ANYWAY? JERRY BROWN'S "FALSE CHOICE SCENARIO"... This week, Jerry Brown, the new Governor of CA made his decision to do TWO things to cure CA's financial DEVASTATION (he started the ball rolling on all of this when he last our Governor 30 years ago). He gave the Voters the choice... VOTE FOR MORE TAXES...OR I'LL CUT EVERYTHING YOU LIKE ABOUT THE STATE TO THE BONE...AND THERE ISN'T MUCH ELSE TO CUT! Well, the SMARTEST thing that Californians do IS the right thing... Vote AGAINST all of the proposed tax extensions and raises. LET'S DO … (4 comments)
buyers: HOW DO YOU KILL A STATE? - ANYWAY? CALIFORNIA HAS THE FORMULA! Part 4
- 01/12/11 05:41 AM
HOW DO YOU KILL A STATE? - ANYWAY? CALIFORNIA - This just in: Jerry Brown has discovered that the Hidden Accumulated CA Deficit is projected to be $46 Billion during fiscal 2011-2012! This does NOT count the unfunded liabilities for Pension funds and MediCal (California's special brand of Medicaid)...so it's horrifying. If you remember yesterday, California made a BARGAIN WITH THE DEVIL (AKA PUBLIC UNIONS) in the 70s and now all of that has come home to roost. The Municipal Unions and Prop 13 were born in the same Stable near Christmas in Sacramento CA! THE BLOB: If you saw the … (1 comments)
buyers: HOW DO YOU KILL A STATE? - ANYWAY? CALIFORNIA HAS THE FORMULA! Part 3
- 01/11/11 04:21 AM
HOW DO YOU KILL A STATE? - ANYWAY? It isn't really that easy! It takes Time, Effort and Thoughtlessness. Over-promise and Under-deliver is a major necessity. When the "boys" came home from WWII, the Country and CA was growing by leaps and bounds. Homes, highways and neighborhoods as well as, Cities were sprouting up everywhere in America. City, County and State workers were needed in droves, Policemen, Firemen and Public Works folks were in high demand....but there wasn't much money or tax base, yet. The answer across America was, since there were Trained Professionals in all of these fields coming directly … (2 comments)
buyers: Bernanke says: NO MORE JOBS IN 2011 THRU 2013!
- 01/07/11 10:13 AM
Ben Bernanke just testified before the banking committee and broke the news to everyone that the economy is still in DIRE SHAPE and not to expect job growth for the next two to three years. He expects unemployment to be at least 8% through 2013 maybe longer. LET ME SEE...WHAT CAN PEOPLE WITH NO JOBS...NOT DO?
ANSWER: BUY REAL ESTATE, RENT APARTMENTS, SHOP AT THE MALLS, ETC, ETC.
Oh, and did you miss the part about Inflation for Food, Energy (Gas, Oil, Electricity) and Rent? Looks like more: FORECLOSURES SHORT SALES REOs But remember...I didn't tell you so...Okay, Okay...I TOLD YOU … (1 comments)
buyers: IT'S LIKE "1984" ALL OVER AGAIN IN THE NEW - IMPROVED - CONSERVATIVE CONGRESS?
- 01/07/11 05:08 AM
AND I QUOTE: "He who controls the past controls the future, and he who controls the present controls the past" The NEW guys in town "edited and censored" the Constitution! The founding documents of America were too controversial for some folks to handle... ...so they left out the 3/5ths Clause and the The Eighteenth Amendment (Amendment XVIII) of the United States Constitution, along with the Volstead Act, which defined "intoxicating liquors" excluding those used for religious purposes and sales throughout the U.S., established Prohibition in the United States. Next thing you know...people will feel free to censor books...................like........Huckleberry Finn........Nah, who would … (1 comments)
buyers: Here comes the 2011 Downward Slide in Real Estate Prices
- 01/05/11 06:50 AM
If you want to know about the 2011 Real Estate Recovery, Google Thomas Sowell's blog called Saving the Housing Market. I enjoy Thomas Sowell because he tells it like it is...as I have been saying... THERE WON'T BE A RECOVERY UNTIL THERE IS A BOTTOM! A REAL BOTTOM WHERE THE OVERHANG OF FORECLOSURES AND STEALTH FORECLOSURES SELLS DOWN TO NEARLY ZERO. SHORT SALES MUST BE MADE SIMPLER AND EASIER AND MUST CLOSE AS QUICKLY AS A "NORMAL" SALE (are there any normal sales in a market like this?). I'm hoping the Government gets out of the way and ALLOWS the real … (2 comments)
Southern California, Orange County and Los Angeles County, as well as, Riverside County and San Bernardino Countiy. APARTMENT BUILDING INVESTMENT SALES AND PURCHASE ASSISTANCE. SINGLE FAMILY HOMES, DUPLEXES AND TRIPLEXES FOR RESIDENCES.
A lot of A R REALTORS® are making their cases, on their blogs, for how and why they feel "hurt or used" by "buyers"...who take their time, and gas, then buy from another agent...
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