patrick.net

Please note that the pic of Galina appears to have been taken in happier times. There are presents on the table behind them, as if it may be their wedding reception, which would put it at about 3 years ago. At the time, Casey was ambitious and probably had many stories to tell G of how he would take care of her, protect her, and give her a nice life because he was going to make so many sweet deals. She probably though Casey was, indeed, a sweet deal. At the time...

But now, three years later she has had to quit school. They have no money, are bankrupt, and Casey has ruined her credit. They live with relatives (I think) and all he does is blog all day.

She probably looks like crap now from all the stress he's caused her. I would not be surprised if she's kicking Casey's sorry ass all over their borrowed room every damn night, before finishing him off with a good swift undercut to the balls. G'night Case, you LOOSER! I hate you... G.

http://rereport.com/scc/

Prices Set New Record Highs in Santa Clara County

"The problems in the sub-prime mortgage market have had some unintended consequences. Demand and sales in the entry-level segment of the real estate market have fallen as lending requirements have tightened. Coupled with a strong million dollar plus market, we have the illusion of higher prices because high-end sales are a larger portion of all sales. That is one of the inherent problems with statistical analysis."

lunarpark: Are you saying that the average price in Santa Clara is RISING? Geez, maybe you guys are in danger of getting priced out forever!

“The problems in the sub-prime mortgage market have had some unintended consequences. Demand and sales in the entry-level segment of the real estate market have fallen as lending requirements have tightened."

As predicted on this board two years ago.

I think he means that of 6 buyers, 3 paid 100%, 1 paid 50%, 1 30%, and 1 paid 25%.

"maybe you guys are in danger of getting priced out forever!"

I'm happy as long as my rent doesn't "skyrocket." :)

Geez, maybe you guys are in danger of getting priced out forever!

Huh? With the low-end collapsing, it is obvious that median/average price will go up.

This was predicted many months ago. You can dig up some old threads/comments if you want to.

BTW, I really do not care for good school districts. People are in a frenzy to buy in those places just for school enrolment.

I don't care about school district either. I just want a nice condo/townhouse or loft type place.

"Prime property" was only used twice in the link I submitted. I think he should have used it at least three times for the right effect.

I think there is a ton of condo-type inventory in Fremont/Newark if you do not mind. My wife does not like that area too much though.

"Huh? With the low-end collapsing, it is obvious that median/average price will go up."

$800K 900 sqft former 70s apartment near Google is what I call low-end.

Nice 700K decline back to its former glory.

I thought it was funny that they noted that the first rung of the propperty ladder had all but collapsed, but then practically screamed "YOU GOTTA JUMP FAST FOR THE NEXT RUNG OR YOU'LL BE PRICED OUT FOREVER!"

Fremont/Newark, no thanks. I'll just remain a JBR on the Los Altos border :)

Who is Galina Casey?

Is FRPT optionable?

DinOR says,

I’ve really been waiting for MountainViewRenter to chime in b/c there has been one helluva stink in the securities arena this week! An e-mail was sent out Monday and said that “managed accounts” are in a state of absolute chaos.

I haven't heard about this, actually. We don't recommend any SAMs precisely because of the lack of investment & governance oversight. There are a couple of clients that have these because these managers have been close personal friends of the clients' for many years.

That would suck if Schwab takes it in the chin. We use them to hold a good amount of assets. Their data downloads are pretty decent, and I like our institutional service team guys. Always wondered how they made money off us though. They probably make less than $50k off our clients each year. Hardly enough for the amount of work we make them do.

DinOR, do you know where I can find a copy of this email?

NIA

I’m happy as long as my rent doesn’t “skyrocket.” :)

That's not far off, you know. As average prices hurtle skywards, landlords will start pulling their apartments and do more condo conversions. Now that the bottom has come and passed, you'd better get off the fence, amigos!

:twisted:

Hey, does anybody know how to get prior mortgage information on an REO? There's one in town that interests me, and I'd like to know which lender owns it.

That was a quick bottom. I missed it as it whizzed by me...

FAB

I have the same opinion about the banality of drivel that inhabits most of MySpace. Of course, I could say the same about most of everything on the Internet. But before we congratulate ourselves for being the old Muppets up in the theater box let us not forget that MySpace is generating hundreds of millions positive net free cash flow, with a pretty impressive CAGR. Sure, not billions, but the question was whether Web 2.0 companies were generating anything. Many of them are. It is the inverse of the dot-com bubble where many were not, and only a very few were.

No. Remember, 95% of the options expire worthless.

Exactly. Selling options can be lucrative.

Not investment advice. Options involve risks and are not suitable for all investors.

MtViewRenter,

The only e-mail I have was generated internally so it's not ready for broadcasting just yet. I've been to the NASD, SEC, NYSE AND the broker forms at Registered Rep www.rrmag.com and there's NO mention of it!

It's not just firms of your scale. Imagine all the independents out there that clear thru Schwab and haven't used a comm. based acct. in uh FIVE years!?!

This is where the industry gets "wrapped around the axle" from a regulatory standpoint. Charging commissions=bad. Charging pre-determined flat rate fees=bad. You could see it coming but what's the answer? I mean, I'm open.

That was a quick bottom. I missed it as it whizzed by me…

Falling cats often hurtle past quickly. In fact, their velocity is proportional to the height from which they are dropped. Don't worry, you can still catch the bounce. Shed the shackles of your jaded, bitter rentership! Do you doomsday prophets want to watch the cat, or be the cat?

Beeeee the cat. Nanananananana.

GC,

Now... just what k i n d of "artist" was this fellow again?

I was doing some naked put selling in 2001. I lost several months worth of profit in one trade because I failed to cut loss short. (Instead, I sold more puts.)

Back then, many stocks had triple-digit implied volatilities though.

I've often thought to myself that the FIRST photograph ever taken was probably a sunset. (Photographer and assistant turn toward one another) Clicks! (Second photograph was of a nude woman). Sheesh.

So let us pray that Ag skyrockets in next few weeks.

If you really believe in that you should have bought calls or initiated bull spreads. :)

Or just plain bought silver...

How come GLD is still non-optionable? :(

DinOR,

Hmm, I'll have to keep an eye out for that.

We're actually a pretty small shop, just have a decent amount of assets. We're independent, so we don't get most of the industry buzz until it comes out in the news wires.

You're right though, fees are evil. Commissions = churn. Flat fees = incentive to do almost nothing. Performance fees = style drift that leads to increased risk.

Umm, here's the solution. Work for free! We should be flattered our clients decided to let us manage their hard-earned dollars. Maybe they can pay us in food & let us sleep in their spare SUVs.

Or just plain bought silver…

Options allow much higher leverage with much better risk/loss control.

GC, you can always hedge your positions with ETFs and options.

Not investment advice.

MtViewRenter,

I've managed to keep my ROA at right around .5 to 1%. It's not always easy, but it can be done. Your appraisal of the different service platforms is spot on though. One way I've found to keep the balance (and not have to sleep in a mini-van) is to discount one side of the trade when necessary.

I wonder how firms like Ameriprise etc. will contend w/this. A lot of those guys are in their independent distribution channel and likely don't have the assets to go RIA. Have these guys really thought this through?

GC,

My great grandfather was the photographer's assistant, o.k? How do you think I know this stuff? :)

All I was really trying to do was a play on FAB's Chronicle article and Randy H's follow up. Here we have all this fantastic technology and what do we get from our ROI?

Somehow I don't believe having "Gina and her friends in Orlando" doing shots and engaging in mock lesbian sex on MySpace is what the inventors of the internet envisioned?

Bulgaria actually, but HEY guys like that know how to get around. He also invented the "groupie".

Forsakencraft guy (John) did a webcast or web-based radio show and what did he get for his efforts? Death threats. The Cartel (TM) sux.

http://money.cnn.com/2007/04/06/news/economy/jobs_march1/index.htm?postversion=2007040612

as investors bet the strong numbers significantly reduced the chance that the Federal Reserve would cut interest rates later this year.

"The inflation barometers are all exceeding their comfort zone, but they're not upending the economy," he said.

No immediate rate cuts --yeah!!

Somehow I don’t believe having “Gina and her friends in Orlando” doing shots and engaging in mock lesbian sex on MySpace is what the inventors of the internet envisioned?

Considering that the inventors of the Internet were a bunch of nerds working government research jobs in grungy back rooms, I bet many of them are pleased with the result.

The Net gives people a platform. Like the author of that article stated, now everyone can feel like they're the center of attention all the time.

Brand Says:

> Hey, does anybody know how to get prior mortgage
> information on an REO? There’s one in town that
> interests me, and I’d like to know which lender owns it.

If the REO was recent I may still have access to the old lender information on title (I have access to three national databases). Sent me the full address (including city, state and COUNTY) and I’ll see if I show the previous loan amount.

FAB: The REO address is: 415 S. Loomis, Fort Collins, CO 80521, Larimer County