Patrick

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joined 2005 Apr 3, 9:31am   United States 410 posts   1,758 comments   following x   ignore ignoring Patrick x ignore


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Getting Rich on Government-Backed Mortgages (bloomberg.com)
by Patrick on 26 May 2018  18 comments, latest 11 hours ago
https://www.bloomberg.com/news In his corner of American finance, where hard selling meets hard luck, Angelo Christian is a star, and he looks the part. He’s wearing black caiman shoes and a...

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10 attractive cities that prove you can move overseas and live comfortably (washingtonpost.com)
by Patrick on 26 May 2018  9 comments, latest 4 hours ago
https://www.washingtonpost.com Buying a home overseas is not only for the wealthy. In some cases, living abroad is cheaper than living in the United States.The U.S. government doesn’t compile official data...

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Housing Peak? Existing House Sales Drop 2.5%, Down Year-Over-Year Second Month (themaven.net)
by Patrick on 26 May 2018  Posted 2 days ago
https://www.themaven.net/misht It's looking increasingly likely that housing has peaked this cycle. Year-over-year sales are down the second month,The Econoday economists missed the mark badly this month on existing home sales.Single-family...

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Bombing at Indian restaurant in Canada (cbc.ca)
by Patrick on 25 May 2018  5 comments, latest 7 hours ago
http://www.cbc.ca/news/canada/ Peel Regional Police allege two disguised men entered the Bombay Bhel restaurant, near a major Mississauga, Ont. intersection, planted an improvised explosive device and then fled. Moments later, at...

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Chris Langan's view on identity politics (quora.com)
by Patrick on 24 May 2018  Posted 3 days ago
https://www.quora.com/What-is- My view on identity politics is that it can be justified only if everyone of any ethnicity is entitled to participate, in which case it is necessary for all...

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Real estate fraud 101: Would You Know It if You Saw It? (americanbar.org)
by Patrick on 24 May 2018  2 comments, latest 3 days ago
https://www.americanbar.org/ne • Equity Skimming. Equity skimming happens when a buyer who wants to take out a large mortgage convinces the seller to re-list the house for an extraordinarily high amount...

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Underpricing fraud taken to its logical limit by scammy realtors (realtormag.realtor.org)
by Patrick on 24 May 2018  7 comments, latest 3 days ago
http://realtormag.realtor.org/ The house is valued at about $413,000, based on comps. The home is 4,000 square feet and has a swimming pool and a 2-acre lot. By appearance, the home...

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Mortgage rates have been rising at a pace not seen in almost 50 years (chicagotribune.com)
by Patrick on 24 May 2018  4 comments, latest 3 days ago
http://www.chicagotribune.com/ Mortgage rates continued their upward march this week, extending the most prolonged increase in rates in 46 years.According to the latest data released Thursday by Freddie Mac, the 30-year...

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Housing stocks face worst year since the financial crisis (cnbc.com)
by Patrick on 24 May 2018  1 comment, latest 3 days ago
https://www.cnbc.com/amp/2018/ Housing stocks, among the top performers of 2017, are biting the dust.Homebuilders as a group, measured by the U.S. home construction ETF ITB, has sunk over 12 percent this...

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London's long housing boom is over (theedgemarkets.com)
by Patrick on 24 May 2018  1 comment, latest 3 days ago
http://www.theedgemarkets.com/ LONDON (May 23): Lance Paul put his home in West London on the market last May with a 1.5 million-pound (US$2 million) price tag. A year on, the retired...

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Brisbane Australia market in distress (domain.com.au)
by Patrick on 24 May 2018  1 comment, latest 2 days ago
https://www.domain.com.au/news There is no doubt that Brisbane’s apartment market has suffered over the past few years. Amid the alarming headlines of plummeting approvals and collapsed developments, the impact on sales...

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New house sales in Toronto hit 20 year low (thestar.com)
by Patrick on 24 May 2018  2 comments, latest 3 days ago
https://www.thestar.com/busine New construction home sales hit the lowest number for April in over 20 years, says the association that represents home builders. ...There were 65 per cent fewer houses and...

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US housing bonds market getting riskier (finance-commerce.com)
by Patrick on 22 May 2018  1 comment, latest 5 days ago
https://finance-commerce.com/2 Riskier U.S. mortgages are creeping back into the bond market again.The loans in question are nowhere near the toxic mortgages that brought down the financial system last decade. But...

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Why the Fed needs to target housing in determining interest rates (marketwatch.com)
by Patrick on 22 May 2018  1 comment, latest 5 days ago
https://www.marketwatch.com/am The Federal Reserve should pay more attention to home prices when it sets monetary policy, a leading academic said Monday.In a new research paper circulated by the National Bureau...

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Neighborhood amenities determine rents (federalreserve.gov)
by Patrick on 22 May 2018  Posted 5 days ago
https://www.federalreserve.gov We estimate a neighborhood choice model using 2014 American Community Survey data to investigate the degree to which new housing supply can improve housing affordability. In the model, equilibrium...

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A seller's advice to buyers (thenewstribune.com)
by Patrick on 22 May 2018  5 comments, latest 5 days ago
http://www.thenewstribune.com/ With the offers, I received several touching letters from prospective buyers telling me that they were offering everything they had, and to please consider them because they were desperate...

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Property tax hikes in Chicago impacting prices (chicago.suntimes.com)
by Patrick on 22 May 2018  Posted 5 days ago
https://chicago.suntimes.com/n “Homeowners are happy when their property increases in value. But when it’s time to reassess for tax purposes, such increases in value are suddenly unwelcome,” Shaer said. “It’s human...

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National glut of apartments (nreionline.com)
by Patrick on 22 May 2018  4 comments, latest 5 days ago
http://www.nreionline.com/mult Apartment landlords can no longer raise rents like they used to. So many new apartment units are opening that the percentage that vacancy is inching higher across the country.This...

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Median House Prices: Work vs Gold (thesoundingline.com)
by Patrick on 22 May 2018  6 comments, latest 5 days ago
http://thesoundingline.com/med Both median US Home prices and family income have been rising since 1963, though home prices have outpaced income. To me, the feature that stands out the most in...

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Silicon Valley pastor decries hypocrisy of area's rich liberals (theguardian.com)
by Patrick on 22 May 2018  3 comments, latest 5 days ago
https://www.theguardian.com/te A Silicon Valley pastor has resigned from his church after calling the city of Palo Alto an “elitist shit den of hate” and criticizing the hypocrisy of “social justice”...
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The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


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