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In United States
Registered Apr 28, 2009
patb's most recent comments:
- On 24 Jun 2013
Followed patrick.net since 2010 and did not buy the house, now what?,
i'm with david, they've worked hard to reflate a bubble.
give it some time, or buy a place in fresno, it's cheap there.
- On 25 May 2013
AZ now a feminist paradise?? Jury can't decide on punishment for Arias,
all it means is the Jury can't agree on death penalty, so they
can either withdraw the death penalty and let the sitting jury
lay a life sentence on her or 25 to life. They can also get another jury
and if this jury fails then the judge can deal with it.
Frankly 25-life is plenty hard.
- On 26 Apr 2013
Wall Street betting billions on single-family homes in distressed markets,
except Wall Street always chose to invest in liquid assets, it's why they never did Venture Capital, or any long term investments.
The whole point of high speed trading was this was the ultimate Wall Street investment. In for a millisecond and out.
buying houses? They need algorithmic analysis, every house is different, it will need lots of maintenance, the maintenance becomes expensive,
All Wall Street is doing is creating an enormous amount of slum housing.
What's worse, is it used to be illegal for banks to own property.
The point was the banks would own the Notes/mortgages/lease payment streams and they would use that cash for cash, they never wanted to own
anything because that way they didn't have to ever leave their desks.