June 17, 2007
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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11 comments:
Too bad this guy only does California. I expect to see a lot of these sites to rival Foreclosure.com springing up in the near future.
well at most housing auctions, there is a reserve that must be met.....and that reserve is usually near at least, where the assessed value is....
so i ask..........if you buy these houses at auction, then what do you do with them except pay taxes and insurance? who is going to rent them? what happens if the dollar collapses and the economy goes to nothing? call me crazy, but going long on real estate these days is stupid....no one knows what exactly is going to happen......people have made money in real estate for a long time. but now, now is the time to reexamine this tried and true method of gaining wealth. i think the party is finally over...
He should look into DC area.
HA! A few years down the road and I'll pick up whatever I want for an ounce of gold!
That site looks pretty sweet. If he has good access to the data he'll make a mint or get bought out for more.
What do you think?
$50 a month?
Is it worth it?
Foreclosures everywhere EXCEPT in really nice neighborhoods where people came in with a down payment. Most foreclosures (in CA) are in crappy neighborhoods where the 1st time buyer got suckered into buying a $500K sh*tbox.
Too bad that there is so much data is hidden without an account. This site would be perfect for someone who is seriously in the game. I still suggest waiting at least two years minimum before becoming serious.
he'd do killer bizness in Georgia, every 2nd house seems to be in foreclosure here
Foreclosures are up 90% in May and they tell us home prices are still going up. I guess all those people decided to lose all their equity instead of selling for a profit.
but.. the assessed value, is a bogus number that the govt scammers use to tax and spend, the owners and fill their pockets and increase their control over more money, property and people and tax and spend....
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