patrick.net

The 0% balance transfer offers were awesome when bank accounts paid 5-6%, but not so useful now.

PLEASE.

Let's see, I'm gonna listen to some two-bit bankruptcy lawyer who went to correspondence school and owns 3 crap shacks in Corncord over the former head economist at Morgan Stanley.

http://www.zerohedge.com/news/2014-04-22/ex-morgan-stanley-chief-economist-admits-fed-distorting-markets

Watch the clip. It's very educational.

Call it Crazy says

Why??

Well, back then, you could get some 0% transfers with a 0% fee, so the arbitrage opportunity worked well. Now, what would you put it in that's safe and earns sufficient to matter? It's rare to get a 0% transfer for a 0% fee now, usually it's a 1-2% transfer with no fee or a 0% transfer with a 2-3% (or more) fee.

Inventory is up, but it is at the middle to higher end. Investors have turned many houses that would be available to first time buyers into rentals.

The trade-up market has not returned.

Facebooksux says

http://www.zerohedge.com/news/2014-04-22/ex-morgan-stanley-chief-economist-admits-fed-distorting-markets

Watch the clip. It's very educational.

Sort of nonsense -- he blames everyone except Wall Street, of course.

Bubbabear says

...anyone living the dream is most certainly not visiting this site

Yep, there are handful of them here who tirelessly try to convince majority of the folks here to buy or to let them know that they missed the boat and they have a million $ in equity(assuming that most the folks here are losers with a few penny in liquid assets compared to their million $ on paper money). I wonder why that is? :)

corntrollio says

Facebooksux says

http://www.zerohedge.com/news/2014-04-22/ex-morgan-stanley-chief-economist-admits-fed-distorting-markets

Watch the clip. It's very educational.

Sort of nonsense -- he blames everyone except Wall Street, of course.

Wall street's doing it, but it's enabled by the Fed's easy money.

The problem is not so much credit card usage itself, it's the citizens who carry a balance and get robbed by the usurious interest rates. I pay it all off every month without fail.

His Mom thought she was taking a dump rather than giving birth. If she hadn't accidentally yanked little Kim Jong-un out of the swirling water by the umbilical cord while walking away, we wouldn't be enjoying has radiant presence to this date.

That's why she always referred to fearless leader as her little dumpling.

Dan8267 says

The man ain't got no culture.

Call it Crazy says

Dan8267 says

He's not the same as you and me.

Thank god for that, otherwise I'd throw myself in front of a moving truck...

Ha ha ha ha.

I pay 0%. Oh wait, I pay off the balance every month.

Price cut on Carey! Inventory up over 100% year to year in Concord. And price per square foot in Concord... up 3.8% month-to-month (over 23% year-to-year). Redfin is again publishing the monthly data breakouts -- yay. Let the prognosticating begin.

APOCALYPSEFUCKisShostikovitch says

US Secretary of State John Kerry agreed with PatNet's assessment that America should be airlifting a Gatling gun and 18 million rounds of belted ammo to every North Korean.

Unfortunately every NK citizen has since birth been conditioned to kill Americans on sight:

http://theweek.com/article/index/255243/how-to-kill-americans-with-geometry-a-north-korean-propaganda-film-for-kids

http://www.dailymail.co.uk/news/article-2163817/How-North-Korean-children-taught-hate-American-b----kindergarten.html

Do you really think arming them with Gatling guns is such a good idea?

Analyzer says

I don't believe the 50 billion dollar figure, can you prove it?

The number dropped to $55 billion by March. Doesn't seem implausible that it dropped another $5 billion in the last month, but I'm not sure -- I hadn't heard that specific number:

http://www.forbes.com/sites/samanthasharf/2014/03/19/fed-cuts-monthly-asset-purchases-to-55-billion-maintaining-pace-of-taper-market-awaits-yellen-remarks/

errc's claim of $85 billion hasn't been true for several months now. Calling it "dead mortgage" debt is similarly inaccurate.

corntrollio says

Analyzer says

I don't believe the 50 billion dollar figure, can you prove it?

The number dropped to $55 billion by March. Doesn't seem implausible that it dropped another $5 billion in the last month, but I'm not sure -- I hadn't heard that specific number:

http://www.forbes.com/sites/samanthasharf/2014/03/19/fed-cuts-monthly-asset-purchases-to-55-billion-maintaining-pace-of-taper-market-awaits-yellen-remarks/

errc's claim of $85 billion hasn't been true for several months now.

I just want to know how it can be proven 85, 55 or whatever. Is this group unaudited?

http://www.youtube.com/embed/2hQ424WadPQ

Has NAR sent him his Realtor pin?

Strong work people. Don't feed the troll.

Where did all the bad mortgage paper go?

Penetrating dromedary stench has been known to overstimulate the Kim un Jong Dong to paroxysms of cruelty and sexual rage..

When kindly Mom was queried about the odor, she said, "Hmm, I always thought I smelled like rotting Baltic Herring with a hint of garlic, but people I trust have told me I smell like a camel in heat that has been shot and left in the sun for a few days. I guess I will just have to take their word for it. At least, I can't smell my farts, or for that matter, anybody else's. I can just let 'em rip and nobody cares."

"He can't feed me to the starving dogs, because they all just run away yelping, tee hee!"

And once all the bad mortgage debt was gobbled up by TARP, than where did it go?

errc says

And once all the bad mortgage debt was gobbled up by TARP, than where did it go?

Where did treasury find all the money to buy ALL that bad debt?

Call it Crazy says

“Many Georgians completed the application process by the deadline, but have yet to pay for the coverage,” Hudgens said in a statement Wednesday.

You think they are waiting for their credit card to arrive in the mail? haha

bgamall4 says

You see how she was looking at a different camera, in another picture.

Then she would be staring into the lens of THAT camera, as it took the picture of her, not looking off to the side as if the different camera was in the same room at the same time.

This is like some of the moon hoax claims that betray near zero understanding of basic photography.

Call it Crazy says

It must be that "FREE" Obamacare thing again...

Hahahaha, I do see your point...

The part that moonbats don't get, is that their alleged conspiracy would require FAR MORE resources than just having it happen the way it was supposed to.

Landing on the moon is cheaper and easier, than an elaborate conspiracy to pretend you did. Capricorn One was just a bad movie, with a few great Sam Waterston bits, not a blueprint.

Why have a vast conspiracy to fake the deaths of people, then let them live? What's the point of this Byzantine plot? It makes sense only to crazy people.

So long the tech industry and stocks are booming, no chance for RE to decline in tech hubs (SBFA, Austin, Seattle, Boston). Recently, there is a red flag, tech stocks have been hit hard since beginning of the year e.g. AMZN has declined by 25%, GOOGL 14%, YHOO 24%, FB 25%...

"Insurer Admits Nearly 1,000 Doctors Wrongly Placed On Covered California Provider List... State regulations allow insurers to change their provider lists without notice."

Call it Crazy says

Half of Georgia's enrollees have NOT paid premium.

This looks like some pushy insurance company signed up a bunch of medicaid people in Georgia for Obamacare.
Good luck getting any money from this group unless the premium is auto drafted each month from their welfare or disability checks.

bgamall4 says

Vincente, did you know that one parent was an assistant to a woman who was a major fundraiser for the Democratic Party? And that woman has direct ties to Mayor Bloomberg, king of gun control and the one who wanted to tell people how much soda they could drink?

OMG. A member of the human race knows another member of the human race. It's a conspiracy I tells you. A giant, frothing, zionist plot to take away guns so that 'they' are free to do things that you never mention but that couldn't possibly be done because too many red necks are still armed with some guns, and all this despite the fact you seem to think said nebulous zionist cabal is already free to do as it wishes.

hanera says

So long the tech industry and stocks are booming, no chance for RE to decline in tech hubs (SBFA, Austin, Seattle, Boston). Recently, there is a red flag, tech stocks have been hit hard since beginning of the year e.g. AMZN has declined by 25%, GOOGL 14%, YHOO 24%, FB 25%...

Just in theory. Imagine both GOOG and AAPL falling apart. Enough to bring BA housing down. IMO.

Freaking - what part of "in theory" is not understood? It simply means it ain't gonna happen

Obamacare is just a bad idea. It's only a matter of time before we are all forced to pay outrageous amounts for absolutely no service.

It needs to be completely overhauled where no one is forced to buy it, or be completely repealed.

Illegals just walk into the Emergency Department are have all their needs taken care of....for free! I've seen it many times.

Nobody believes those American hate campaigns by tinhorn dictators.

Their population's vision of Heaven is a ticket to "The Price is Right."

Why doesn't he just collect his toe jam and let it mold in the closet. Same exact result.

Ceffer says

Nobody believes those American hate campaigns by tinhorn dictators.

Their population's vision of Heaven is a ticket to "The Price is Right."

Their population's version of heaven is an extra bowl of rice and NOT having three generations of family imprisoned or executed for failure to pleasure a party member enthusiastically enough.

To hold or to sell is the questions now

I'm thinking to to cashouts/helocs from these homes and invest that money in some stock/bonds/etfs which go up when we hit recession. Haven't done that research yet. Even if take money out of these properties at 5% and I only make 3% on these investments then I would be happy to pay this 2% insurance.

cloud15 says

I'm thinking to to cashouts/helocs from these homes and invest that money in some stock/bonds/etfs which go up when we hit recession. Haven't done that research yet. Even if take money out of these properties at 5% and I only make 3% on these investments then I would be happy to pay this 2% insurance.

Bond funds go up in recession.

Strategist says

Bond funds go up in recession.

Depend which recession. If you're Greece they don't.