tag:blogger.com,1999:blog-11719208.post264331404136952287..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Those crazy bank owned propertiesTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-11719208.post-7575049317902641422009-08-21T09:11:33.019-07:002009-08-21T09:11:33.019-07:00Exsisting home sales go up in July?
One more exam...Exsisting home sales go up in July?<br /><br />One more example. First off who put the data out. Oh well the National Association of Realtors. Remember, BIG SALES MEANS BIG DEBT, HONDA.<br /><br />Addtionally. A percentage over means just the percentage it rose over last years percentage---WHAT KIND OF NONSENSE IS THAT? WHAT? ZERO SALES TO 12 SALES. <br /><br />YOU FOUND 12 ESCAPED PATIENTS TO BUY HOUSES? <br /><br />Your right they are very smart in how they make these figures.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-16209249057808240302009-08-20T09:08:10.478-07:002009-08-20T09:08:10.478-07:00I have a suspision that the numbers are much worse...I have a suspision that the numbers are much worse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-9358846899109452382009-08-20T07:30:55.531-07:002009-08-20T07:30:55.531-07:00NYT LINK AND BLOOMBERG FOR UNEMPLOYMENT NUMBERS:
...NYT LINK AND BLOOMBERG FOR UNEMPLOYMENT NUMBERS:<br /><br />http://www.nytimes.com/2009/08/21/business/economy/21econ.html?_r=1&ref=business<br /><br />http://www.bloomberg.com/apps/quote?ticker=INJCJC%3AINDAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-82927950182827372302009-08-20T07:27:53.499-07:002009-08-20T07:27:53.499-07:00An article from the NYTimes. Link provided below....An article from the NYTimes. Link provided below. First time claim's for unemployment. 578,000 Seasonally adjusted. I like the keywords, Averge, Adjusted etc. Heres the thing. They make you think this is a moving yearly average. IT IS NOT. Its new claims for that week people. So actually 578,000 filed claims last week! If you look further employers only let go 278,000 last month!. Makes no sense. You file right away before State benifits run out. You don't wait. <br /><br />I don't like that sham numbering. It leaves people unprepared. It's not fair to deliberatly confuse people. To continue to drive people further into debt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-68917978972374462812009-08-20T06:33:13.889-07:002009-08-20T06:33:13.889-07:00Well, First off you have to be a Mental patient t...Well, First off you have to be a Mental patient to buy a house. In a negative equity market. Recognize that Reality Trac and National Association of Realtors are realtor based organizations. That are nothing but sales driven. By the time you get your "deal". You may have lost your the money you put in and be well under market. What they have off market they may well decide to put on market. Driving prices through the floor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-34915336046400545132009-08-20T00:49:53.620-07:002009-08-20T00:49:53.620-07:00your whole blog is very informing... great job...your whole blog is very informing... great job...Ellihttp://www.berlin49.denoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-87622579893137763122009-08-18T13:08:44.032-07:002009-08-18T13:08:44.032-07:00The last thing the bank wants to do is sell this h...The last thing the bank wants to do is sell this house! Right now, it's on the books as an asset at the full value of the unpaid loan, zeroing out the unpaid loan. Every dollar less than that is a loss.<br /><br />Eventually, the US government will force me to cover the bank's bad loan decision. Either there will be some sort of house buying subsidy, the treasury will pay the notes, or inflation will devalue the money to where the house will sell at a "profit" to the bank.<br /><br />I wouldn't take any offers either, in the bank's position.staghoundshttps://www.blogger.com/profile/05976667812875074135noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-4710680782913645572009-08-17T23:26:07.954-07:002009-08-17T23:26:07.954-07:00Aren't you stating the obvious about having ca...Aren't you stating the obvious about having cash and being able to do more than someone who doesn't?<br /><br />Pure genius you are I must say.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-59801586314589690262009-08-17T19:06:50.075-07:002009-08-17T19:06:50.075-07:00400K for a 4Bd 3Ba custom home on half acre sold f...400K for a 4Bd 3Ba custom home on half acre sold for 625K in 2004 newly built. REO put on market in Feb 2009 for 515K, reduced to 500 then 485 (30 days each) then 458 recently. No strong offers till now; (Strong for HomEq = cash). Investor Deutsche Bank.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-5282160584337037842009-08-17T17:58:44.545-07:002009-08-17T17:58:44.545-07:00Agreed, the house is too small to be worth that mu...Agreed, the house is too small to be worth that much. Youngsters can't afford absurd CA prices. Bring back the 120k homes for the bottom half of the population.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-49613212166468213162009-08-17T17:16:26.952-07:002009-08-17T17:16:26.952-07:00This is just me, but, $400,000 for a 2*4 house? O...This is just me, but, $400,000 for a 2*4 house? Ouch.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-80890746774102278312009-08-17T17:08:58.896-07:002009-08-17T17:08:58.896-07:00Strange!
We offered 400 for a property listed at ...Strange!<br /><br />We offered 400 for a property listed at 458. They first countered with 449. We repeated our offer but agreed to a larger earnest deposit. We also sent a long list of problems we felt the property has. They accepted our offer. <br /><br />The secret? We emphasized we are cash buyers. We agreed to 5 day inspection contingency and 15 day closing. It is amazing how wonderful cash offers are; especially at 400K and above and when you don't attach contingencies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-5325409830495692572009-08-17T16:06:56.682-07:002009-08-17T16:06:56.682-07:00Our son is seeing the same thing in the Fontana ar...Our son is seeing the same thing in the Fontana area. Nothing sells for the asking price. I don't understand what game the banks are playing, unless they are just pretending to sell when they really just don't' want any losses realized on their books. But NPLs have to show up, don't they?markuhttps://www.blogger.com/profile/03290800114730971035noreply@blogger.com