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In United States
Registered Mar 12, 2012
Mobi's most recent comments:
- On 17 Jun 2013
No longer makes sense to be a buyer,
"Carrington also is buying mortgage servicing rights and expanding a loan origination business for borrowers who can’t qualify for prime loans because of low credit scores. Rose expects to issue securities backed by these loans as soon as the end of this year, he said."
The most important thing for Carrington is probably in the 2nd sentence quoted above. If I can issue securities, I am going to acquire as much collateral as it makes sense.
- On 14 Jun 2013
In housebuying, cash is king again,
stock market, you can lose all your money in a single day, which doesn't happen with a house. And speaking of a manipulated market, the stock market makes the housing market look like child's play.
Did you read the Financial Statements before investing ?...
what was the PE ratios compared to peers and industry.
Chances are like many, investments were made by emotions not
by facts. Take out the glamor and hype and should of bought
simple stock in Johnson and Johnson.
It is risky to invest in single stocks if you do not understand those companies well. For me, I rather invest in ETFs such as the one following S&P 500. I do not have time for day trading. However, we all know one thing that when stock retreats, it drops much much faster than it raises. That is one of the reasons I don't like stocks.
Bottom line for me, no matter stocks, houses, or any investment, my strategy is to buy it when I think it is cheap enough (assuming adequate income or gain.) I do not like, say, buying APPL when it is $400.
- On 14 Jun 2013
Will lenders and investors find owner-occupant buyers when they liquidate?,
For big hedge fund investors, they do not have to sell them in order to liquidate. They turn those units into REITs and get the money back. After that, it is somebody else's problem.
For small landlard investors, they have to (or would like to) hold onto the houses and make cash flow with rent if they cannot sell them at the right prices.