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Rolling thread bubble from Huh? :)
Let your wildest tangent potential go free!
If this is about "letting your freak flag fly" uh, I don't have one of those. I did enjoy Peter P's astute research ability to seek out the *first* short sale in the BA! May it be the first of many brother! I'll check for you but if the fridge was part of the original sale it may have to stay with the property to satisfy the lender! Any legal eagles out there?
MISH had a great "summary" article about "bird sounds" that really gets into the "mechanics" of this spring's events to date. MISH was in rare form and it's worthy read.
Hey I just found this site,
patrick.net
Seems like rents are rising rapidly in the BA, just wanted to know what you think.
Ahhh scooters, just like fat chicks, everyone likes to ride them but no one wants to let their friends find out.
AQIUS,
A client of mine has a high dollar Harley and wants me to get one too! I explained that it's been a number of years since I'd rode a M/C but if I did get one it would be like a Royal Enfield! They're about 1/4 the cost and are a little bit bigger than a scooter. He didn't seem impressed. If I did get a scooter how about a Vespa?
Surfer X,
Evidently "Muscle Mag" has not come out with their latest addition so we may have to put up with this for some time.
184 bigfoot sightings in Ohio? WTF? Where in the hell would a bigfoot even hide there? Perhaps in Cleveland.
Maybe they're just seeing my dad. I can understand how he'd be mistaken for a Sasquatch.
Waiting, did you buy yet? Did you buy yet? Dude, get out there and buy, now is the time. Do it, come on you know you want to. Just think of all the benefits, just think of being able to hold your head up proudly and say "I am a homedebtor". Come on do it.
Waiting
We keep Surfer-X locked up and let him out only to bite the faces off of the trolls. He's our pet doberman and only responds pleasantly to German words.... like shadenfreud. He so often says exactly what we are feeling, that we tend to smile as he rants about maggot cockgobblers and muscle mags with mayo. What's the problem...the fat chick remark strike a chord?
Arg... MISH is being depressing again. Makes me want to stop buying stocks (except maybe a Euro/Gold ETF) and just accumulate cash until Autumn.
I know I (and others) have brought this up before but I was just going over the emp. #'s and it occured to me that the bubble has actually been a mechanism to keep wages low and in some cases drive them lower. With the widespread availability of IO and pay option loans (along w/ever increasing RE values) there was no momentum for any kind of wage pressure or negotiating leverage. So:
Get out of my office! Show some b*lls, win a bidding war on a house you can not afford, get hooked up w/some shady mort. broker, cook up a payment, make 24 of them and flip it to some greater fool! There's your f'n raise! Now close the f'n door on your way out!
I wandered over to the housing forum on CL the other evening; it seems the tide has turned there. Especially sad watching the one or two brokers desperately trying to drum up business.
Especially sad watching the one or two brokers desperately trying to drum up business.
Was Face Reality "stirring up" things again?
I've kept an eye on CL and haven't seen Face Reality lately. The bears have been out in force, though. :)
The bears have been out in force, though.
Winter is over and we bears are all out of hibernation. Watch out for our paws, it is a delicacy for some.
Or maybe the bulls are just growing more fur.
Or are just producing more $hit.
i know the market is trending lower....but i havent been
to find a property in san jose that is listed lower than its
selling price in 2005....that is, till now... here it is.
address: 5003 Phileo CT, San Jose - Cambrian, 95124
2005:
(from zillow.com)
Sale History & Tax Info Sale History
08/17/2005: $750,000
2006:
mls#619009
ZipRealty Price Track:
Price Reduced: 04/10/06 -- $785,000 to $765,000
Price Reduced: 04/17/06 -- $765,000 to $755,000
Price Reduced: 05/02/06 -- $755,000 to $745,000
with the closing costs, sales commissions & such, the flipper
has already lost $30K-50K in less than a year.
duh?
i know the market is trending lower….but i havent been
to find a property in san jose that is listed lower than its
selling price in 2005….that is, till now… here it is.
I have also seen a SHORT SALE listing on CL.
Housing bubble?
Duh indeed.
Where have I been? Off on a tangent (apparently a hot one, and no, not in Belmont).
Blog party 3.0? Huh?
newsfreak,
The difference between then and now is: then = investing and saving (I know inflation was high, but the stock market and housing were both quite cheap by today's standard) cheap, consumption = expensive. now saving = expensive, consumption = cheap.
And people wonder why young people are screwing themselves with $20K credit card debts!
Hopefully, you finished a book?
Is the title "How a Flipper Got kissed, Got wild, and Got a Life" ?
(and now for an ill thought out and possibly completely erroneous comment)
Right now, with the moral hazards of bankruptcy and what not, period one expenditure are close to cost of period 2 expenditure. There's little incentive to save for a utility maximizer outside of tax calculations.
newsfreak,
My mom recalled seeing less than 70 cents/gallon of gas in the mid to late eighties :)
My mom recalled seeing less than 70 cents/gallon of gas in the mid to late eighties
I was paying $1 gas less than 10 years ago.
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