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HARM

joined 05 Jul 2005   94 links   119 posts   4,785 comments   ignore (0)   befriend (1)   following 0   0 followers   follow HARM

HARM's Posts

Patrick.net threatened with "Irrelevance"
10 years ago by HARM in #housing
↑ like   ↓ dislike   85 comments, latest 4 years ago
Patrick.net's housing bubble blog today faced perhaps the greatest threat in its 2+ year existence when a newcomer named "Busted" posted the following: Busted Says: June 12th, 2007 at...
Are you a 'Fair-Weather' capitalist? (JimCramersincoherentrant)
10 years ago by HARM
↑ like   ↓ dislike (1)   201 comments, latest 4 years ago
First came Jim Cramer's incoherent rant on the hedge fund/Wall Street meltdown, then came Bill Gross's semi-coherent plea to POTUS for a federal bailout of his struggling PIMCO bond...
Favorite Realt-whore Cliches
11 years ago by HARM in #housing
↑ like   ↓ dislike   111 comments, latest 5 years ago
It’s not a house it’s a home. Buy now or you’ll be priced out forever. Renting is just throwing your money away. You have to live somewhere. They’re not making...
Appraisal Fraud
12 years ago by HARM in #housing
↑ like   ↓ dislike   41 comments, latest 5 years ago
Intense pressure is being brought to bear on honest appraisers to inflate their estimates by greedy, reckless lenders and Realtors, who just want to close the deal –and damn the...
Poetic Justice strikes Banksters: Judges say, "No tickee, no forclosee." (BanksLosetoDeadbeatHomeownersasLoansSoldinBondsVanish)
9 years ago by HARM in #housing
↑ like   ↓ dislike   146 comments, latest 8 years ago
Judge Smales: "You'll get nothing and like it!" Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish Some highlights: Feb. 22 (Bloomberg) -- Joe Lents hasn't made...
Charts, Charts, Charts! (Shillerhousingpricechart)
10 years ago by HARM in #housing
↑ like   ↓ dislike   121 comments, latest 8 years ago
We all know that a picture is worth a thousand words, and I believe this is also true of charts and graphs. A well designed chart has a way of...
Schwarzenegger announces deal to FREEZE adjustable rates for state's "highest-risk borrowers" (Californialendersagreetofreezerates)
10 years ago by HARM in #housing
↑ like   ↓ dislike   129 comments, latest 8 years ago
Sacramento Bee: "California lenders agree to freeze rates" In an unprecedented move designed to save thousands of California homeowners from foreclosure, Gov. Arnold Schwarzenegger announced a deal Tuesday with...
Beware of the "Careful What You Wish For" crowd - The Bubble's implosion is good for working class people
9 years ago by HARM in #bubbles
↑ like   ↓ dislike   150 comments, latest 9 years ago
Lately, The Gloom-n-Doom here seems a bit thicker than normal, even for a grizzly bear such as myself. Yes, pain from the HB implosion & MEW withdrawal is spreading...
Phase 2 of the Real Bailout™ is here (FannieMae,FreddieMacPortfolioCapsWillBeLiftedUpdate2)
9 years ago by HARM
↑ like   ↓ dislike   273 comments, latest 9 years ago
Fannie Mae, Freddie Mac Portfolio Caps Will Be Lifted (Update2) Phase 1 : Congress raised the GSE (Fannie and Freddie) conforming loan limit from $417,000 to $729,000. Phase 2...
Rise of the Bandos!* (CalculatedRisk)
9 years ago by HARM in #housing
↑ like   ↓ dislike   201 comments, latest 9 years ago
*pun courtesy of CalculatedRisk Intractable social problem: meet opportunity. Some homeless turn to foreclosed homes There have been several posts from yours truly contemplating this very idea, and now it...
Counterparty risk and bubble hedging (CalculatedRisk)
9 years ago by HARM in #bubbles
↑ like   ↓ dislike   94 comments, latest 9 years ago
While the sheer volume of bubble/hedge fund/MBS-CDO implosion stories appearing in the news daily nowadays, it can be difficult to pick out the "pearls" among the pebbles, or the...
Lennar decides to "mothball" new O.C. development; local squatters and meth dealers jubilant (HomeBuildersOptforMothballing)
10 years ago by HARM in #housing
↑ like   ↓ dislike   196 comments, latest 10 years ago
Wall Street Journal: "Home Builders Opt for Mothballing" (subscription required) Free re-post “As the glut of unsold home remains stubbornly high and housing demand slides, home builders face a...
Bloomberg to WaMu: "Be careful what you wish for" (BankruptcyLawBackfiresasForeclosuresOffsetGainsUpdate1)
10 years ago by HARM in #housing
↑ like   ↓ dislike   161 comments, latest 10 years ago
Bankruptcy Law Backfires as Foreclosures Offset Gains (Update1) Nov. 8 (Bloomberg) -- Washington Mutual Inc. got what it wanted in 2005: A revised bankruptcy code that no longer lets...
Bill Gross insists Fed charter includes propping up housing bubbles (PIMCOsayshousingdelinquenciestoriseinto2008)
10 years ago by HARM in #housing
↑ like   ↓ dislike   141 comments, latest 10 years ago
PIMCO says housing delinquencies to rise into 2008 NEW YORK, Nov 5 (Reuters) - The Federal Reserve will have to cut its federal funds target rate to prevent a...
Grapevine Realtors haggle over who has the most Foreclosures (ForeclosuresMayNotImpactMountainAsBadlyAsBakersfield)
10 years ago by HARM in #housing
↑ like   ↓ dislike   47 comments, latest 10 years ago
Mountain Enterprise: "Foreclosures May Not Impact Mountain As Badly As Bakersfield" The Mountain Enterprise. “Kathy Flick’s job is to compile all the notices of default that are recorded with...
Tan-Man pleads for more government "help" to ease lending (while still under SEC Investigation) (Foreclosures,housingslumphurtingCaliforniaeconomy)
10 years ago by HARM in #housing
↑ like   ↓ dislike   130 comments, latest 10 years ago
LA Daily News: Foreclosures, housing slump hurting California economy “‘The problem we are seeing now is that first-time homebuyers can’t get into the market,’ Mozilo said. ‘This is the...
F@ck the Rich — Let’s Tax the $hit out of them
10 years ago by HARM in #housing
↑ like   ↓ dislike   254 comments, latest 10 years ago
We've often had lively debates here at Patrick.net about tax policy (flat tax vs. progressive tax, taxing wages vs. passive capital gains or consumption, what constitutes a "luxury" good...
Why some market regulation is necessary and good for the economy (Fundmanagersfunsailingaway)
10 years ago by HARM in #housing
↑ like   ↓ dislike   126 comments, latest 10 years ago
We've had many posts on Laissez-Faire, anarchic capitalism vs. regulated markets here before, and I'm sure we'll have more in the future. Just saw this gem today (nod to...
Patrick.net Homebuyer Facing Starvation! (previousblogpartyphoto)
10 years ago by HARM in #housing
↑ like   ↓ dislike   54 comments, latest 10 years ago
Due to privacy & security concerns, I am unable to show you an actual street-front photo of Surfer-X's used house, so a 6-year-old nephew obliged with an artist's conception:...
'Game over' for FL flippers counting on rising rents to bail them out. (Housingbubbleblog)
10 years ago by HARM in #housing
↑ like   ↓ dislike   87 comments, latest 10 years ago
Thanks to Ben Jones at the Housingbubbleblog for posting this delicious, glorious link. Life is sweet for North Port renters A massive supply of vacant homes in the city...

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