Never Ending
« prev   housing   next »

1
0

Never Ending

By anonymous following x   2014 Nov 17, 2:02pm 8,589 views   11 comments   watch   quote     share    


for real

1   marco   ignore (0)   2014 Nov 17, 9:19pm   ↑ like (2)   ↓ dislike (0)     quote      

You have to learn to sing in the NAR chorus .....

It's time to play the music
It's time to light the lights
It's time to meet the Muppets on the Muppet Show tonight

It's time to put on makeup
It's time to dress up right
It's time to raise the curtain on the Muppet Show tonight

2   zzyzzx   ignore (1)   2014 Nov 18, 12:14am   ↑ like (0)   ↓ dislike (0)     quote      

The Professor says

In some counties There are more houses in pre-foreclosure than are for sale. Even "strong" markets like San Francisco have 1 pre-foreclosure for every 2 for sale properties.

How does this compare to historical averages?

3   APOCALYPSEFUCKisShostikovitch   ignore (26)   2014 Nov 18, 12:20am   ↑ like (3)   ↓ dislike (0)     quote      

zzyzzx says

The Professor says

In some counties There are more houses in pre-foreclosure than are for sale. Even "strong" markets like San Francisco have 1 pre-foreclosure for every 2 for sale properties.

How does this compare to historical averages?

Are you kidding me?

If this were representative of the performance any one bank's mortgage portfolio in terms of proportion of non-performing notes on book, the fucking place would be dechartered in half a fucking heart beat and the examiners on the case would keynote a segment of the next ABA conference.

This why the accounting rules were changed.

4   jazz_music   ignore (2)   2014 Nov 18, 12:23pm   ↑ like (2)   ↓ dislike (0)     quote      

zzyzzx says

How does this compare to historical averages?

Historically before the bubble popped foreclosures comprised approximately 3% of the housing market in Orange county, CA. Similar for Los Angeles county.

AF is right, that is why the mark-to-market accounting part of GAAP was suspended, so that banks would have a basis to declare that they were still solvent in spite of holding portfolios of mortgages with fantasy valuations if foreclosed upon.

This is akin to our government and financial institutions all declaring "... don't nobody move, this is a heist." And so QE for capital gains class, ZIRP for banks, and savers be damned for the rest of us.

I, unlike Iwog, cannot bring myself to trust market signals enough to invest at all. Even he Iwog recently announced going "all cash"; And you know neither of us are gold salesmen. I missed out on the biggest bull market ever from being afraid, but I sleep better. I keep picture waking up to find that the NYSE is closed, locked down, and ultimately reopened for limited trades at 33% of yesterday's prices across the board, but instead the DJIA went from 8,000 all the way up to 17,000 in about 3 years since the bubble popped. That is quite a recovery, or the greatest heist in recorded history still in motion.

Tomorrow's another day.

5   Strategist   ignore (0)   2014 Nov 18, 12:48pm   ↑ like (0)   ↓ dislike (0)     quote      

jazz music says

This is akin to our government and financial institutions all declaring "... don't nobody move, this is a heist." And so QE for capital gains class, ZIRP for banks, and savers be damned for the rest of us.

If rates go down .... "savers be damned"
If rates go up ..... first time buyers be damned.

jazz music says

I missed out on the biggest bull market ever from being afraid, but I sleep better.

No you don't. You sleep disappointed.

jazz music says

I keep picture waking up to find that the NYSE is closed, locked down, and ultimately reopened for limited trades at 33% of yesterday's prices across the board

And then you woke up.

jazz music says

but instead the DJIA went from 8,000 all the way up to 17,000 in about 3 years since the bubble popped. That is quite a recovery, or the greatest heist in recorded history still in motion.

Who is the victim of a "heist" when the stock market goes up?

jazz music says

Tomorrow's another day.

We know. And you will be just as disappointed.
Ever thought of moving to Russia? They are smaller than Apple Computer. How about Cuba? They have no stock market.

6   Heraclitusstudent   ignore (1)   2014 Nov 18, 1:04pm   ↑ like (0)   ↓ dislike (0)     quote      

Strategist says

Who is the victim of a "heist" when the stock market goes up?

Bag holders who buy now.

7   Strategist   ignore (0)   2014 Nov 18, 1:18pm   ↑ like (1)   ↓ dislike (0)     quote      

Heraclitusstudent says

Strategist says

Who is the victim of a "heist" when the stock market goes up?

Bag holders who buy now.

OK, if you buy at the top. Just hold on.....Stocks always go up over time.

8   Strategist   ignore (0)   2014 Nov 18, 1:28pm   ↑ like (0)   ↓ dislike (0)     quote      

Call it Crazy says

Strategist says

Stocks always go up over time.

After they go down...

Thats when you buy.

9   Analyzer   ignore (0)   2014 Nov 19, 1:16am   ↑ like (2)   ↓ dislike (0)     quote      

Why waste your time on real estate when the stock market is going to the moon?

10   Satoshi_Nakamoto   ignore (0)   2014 Nov 19, 2:08am   ↑ like (0)   ↓ dislike (0)     quote      

Analyzer says

Why waste your time on real estate when the stock market is going to the moon?

Real estate is a religion, man.

11   FortWayne   ignore (0)   2014 Nov 19, 3:16am   ↑ like (0)   ↓ dislike (0)     quote      

on zillow if you are a day late on your property taxes they think you are in pre foreclosure. it isn't accurate.


Comment as anon_2a68a or log in at top of page: