HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: BUBBLETALK - Open thread to talk about the housing crash, mortgage meltdown and other stuff

June 26, 2008

BUBBLETALK - Open thread to talk about the housing crash, mortgage meltdown and other stuff

Keep it clean, keep it short, use tinyurl and have at it...

284 comments:

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Anonymous said...: Air Canada will lay off 2000 blames higher fuel cost.

Airlines around the global are following the lead of United Airlines and Delta as they cut thousands of jobs due to higher fuel cost.

http://news.xinhuanet.com/english/
2008-06/17/content_8388444.htm; June 19, 2008 5:17 AM
Anonymous said...: Motorola will lay off 150

http://www.telecomtiger.com/
fullstory.aspx?storyid=2420; June 19, 2008 5:18 AM
Anonymous said...: Wilmington Finance will lay off 335

http://www.bizjournals.com/
philadelphia/stories/2008/06/16/
daily20.html; June 19, 2008 5:18 AM
Anonymous said...: How many will Hewlett-Packard Co. lay off from their printing division

http://www.nytimes.com/2008/06/19/
technology/19hewlett.html?ref=
business; June 19, 2008 5:19 AM
Anonymous said...: Rohm & Haas will lay off 925 blames higher oil price

ttp://www.bloomberg.com/apps/news?
pid=20601103&sid=al8b8jx1IYxw&refer
=news; June 19, 2008 5:28 AM
Anonymous said...: Kensington will lay off 75

ttp://www.citywire.co.uk/
adviser/-/news/property-and-
mortgages/content.aspx?ID=305823; June 19, 2008 5:28 AM
Anonymous said...: US Airways will lay off 1,700 blames higher fuel cost.

http://www.bloomberg.com/apps/
news?pid=20601087&sid=
amSKXxVTSqpU&refer=home; June 19, 2008 5:43 AM
Anonymous said...: Continental Airlines Inc. will lay off 3,000 blames higher fuel cost.

http://www.bloomberg.com/apps/
news?pid=20601103&sid=af46T3
WDD0Kw&refer=us; June 19, 2008 5:43 AM
Anonymous said...: Bayerische Landesbank will lay off 350

http://www.bloomberg.com/apps/news?
pid=20601100&sid=aZe7YVxaw2YQ&refer
=germany; June 19, 2008 5:44 AM
Anonymous said...: How much tips do you give to your pizza delivery person.

http://www.enctoday.com/news/
costs_47472_kfpress__article.html/
delivery_food.html

Gas prices hurt food delivery businesses

On a busy day, Joyner said she will travel about 100 miles making deliveries.

Drivers depend on tips and a reimbursement of $1.40 per delivery to cover the cost of gas, she said.

"Overall it's a big toll as far as us personally ... it makes it kind of hard if we don't get good tips," Joyner said.; June 19, 2008 5:53 AM
Anonymous said...: US Producer price index jump 7.4 per cent last month on fuel and food costs

But if you don't to need to eat or drive to work then don't worry, because US core index only climb 1.4 while annual inflation levels only reached 4.1 per cent.

http://business.timesonline.co.uk/
tol/business/economics/
article4160241.ece; June 19, 2008 6:00 AM
Anonymous said...: Will Arab citizens actually have to do their own manual labor as low-wage Asian labourers leave the Gulf States due to inflation.

http://in.reuters.com/article/
worldNews/idINIndia-34128620080619; June 19, 2008 6:28 AM
Anonymous said...: WhorePANIC:

http://www.newsweek.com/id/141848?GT1=43002; June 19, 2008 6:31 AM
Anonymous said...: Have you read some Inflation news lately.

Rise in food prices sends inflation to 18-year high in UK.

European Inflation Accelerates to Highest in 16 Years

Mexico freezes prices on food items to stem inflation.

Peru Bank Unexpectedly Raises Rate to 5.75 Percent in a bid to control inflation

Argentina's annual inflation rate rose to 32 percent

Brazil inflation jumped to a 16-month high of 5.58 percent in May. Brazil central bank last week raised the rate to 12.25 percent from 11.75 percent

Malaysia's May inflation at 22-mth high, to rise more

India Inflation at 8.75%; Fastest Pace in Seven Years

Indonesia central bank on June 6 forecast the inflation rate to rise to 12.7 percent this month

Vietnam inflation highest since 1992

Thai inflation rate rose to 7.6 percent in May

http://www.fxstreet.com/fundamental/analysis-reports/emerging-markets-weekly/2008-06-18.html; June 19, 2008 6:48 AM
Anonymous said...: Mortgages Ltd. will layoff 17

http://www.azcentral.com/
arizonarepublic/business/
articles/0619biz-
mortgagesltd0619.html; June 19, 2008 7:03 AM
Anonymous said...: DBSI will layoff 40 to 50

http://www.idahobusiness.net/
archive.htm/2008/06/18/
DBSI-Kastera-Homes-confirm-layoffs; June 19, 2008 7:04 AM
Anonymous said...: Washington Mutual will anounce another round of layoff affect at least several hundreds

http://www.bizjournals.com/phoenix/
stories/2008/06/16/daily58.html; June 19, 2008 7:08 AM
Anonymous said...: OfficeMax will layoff 2,700

http://www.midwestbusiness.com/news/
viewnews.asp?newsletterID=19277; June 19, 2008 7:11 AM
Anonymous said...: Mooney Airplane Co. will layoff 80

http://www.bizjournals.com/
sanantonio/stories/2008/06/16/
daily10.html; June 19, 2008 7:13 AM
Anonymous said...: Vurv Technology Inc. will layoff 79

http://triangle.bizjournals.com/
triangle/othercities/jacksonville/
stories/2008/06/16/daily9.html; June 19, 2008 7:15 AM
Anonymous said...: Jewelry Channel will layoff more than 100

http://www.bizjournals.com/austin/
stories/2008/06/16/daily8.html; June 19, 2008 7:17 AM
Anonymous said...: Remember there are third Phases to the housing cycle and each phase has three stages.

The three phases are

1) Boom
2) Slump
3) Recovery

The three stages are

A) Beginning
B) Middle
C) End

You can look for signs that you have enter the Middle Stage of the housing slump by looking at how rapids are the layoffs reports.; June 19, 2008 7:29 AM
Anonymous said...: Have you ever noticed that since Christopher Thornberg left UCLA Anderson Forecast, the forecasting at UCLA Anderson school of economic just was not the same.

http://blogs.usatoday.com/
ondeadline/2008/06/
economists-no-r.html

"I am holding on to what is now a shaky view: no recession this year," said economist Edward Leamer, director of the quarterly UCLA Anderson Forecast, which is being released today.

http://www.sfgate.com/cgi-bin/
article.cgi?f=/c/a/2008/05/28/
BUSN10UEP0.DTL

"Prices are falling because they were too high - ridiculously high," said Christopher Thornberg, principal of Beacon Economics in San Francisco. "They're now in the process of going back to a more normal level. Frankly, that's a good thing."

http://www.visaliatimesdelta.com/
apps/pbcs.dll/article?AID=/
20080531/NEWS01/805310320/1002

Two guest economists warned that the Valley and the rest of the country are tipping toward an inevitable recession. Christopher Thornberg, former University of California, Los Angeles, economist and adviser to the state Controller's Office, blamed a decade-long spending spree on housing and mortgage-backed securities.; June 19, 2008 7:56 AM
Anonymous said...: Zango Inc. will layoff 68

http://www.computerworld.com/
action/article.do?command=
viewArticleBasic&articleId=
9100278&intsrc=hm_list; June 19, 2008 8:00 AM
Anonymous said...: DC area tops in foreclosures:
http://tinyurl.com/5brk2b

HP bragging rights at last!

- puffy; June 19, 2008 2:15 PM
Miss Goldbug said...: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/06/18/financial/f170405D70.DTL&tsp=1

Check out the above SF Gate article about two Bear Sterns executives arrested outside their homes, lawsuit brought on by Barkclays Bank posted this morning.; June 19, 2008 3:31 PM
Anonymous said...: Bear Stearns execs arrested:

http://tinyurl.com/6g7d3v

Keith - I know you love to hate Mozilo, but he is a saint compared to these guys. I hope this investigation puts many more of these Wall Street a-holes in jail.; June 19, 2008 4:06 PM
Anonymous said...: The AP can find out who you are very easily by making a friendly phone call to your ISP. NOBODY is anonymous on the internet.
------------------------------

i sometimes post going through two anonymizers.; June 19, 2008 4:11 PM
Anonymous said...: While the media continues to report of the real estate meltdown continuing their reports are not based on fact. WIth the rising price of gas and other goods inflation is inevitable and the price of homes will eventually begin to climb once again. While many fear inflation it may be what saves our economy during this real estate craze.; June 19, 2008 4:55 PM
Anonymous said...: donald said...

"AP vs. Anonymous ????"

The AP can find out who you are very easily by making a friendly phone call to your ISP. NOBODY is anonymous on the internet.

Tiny URL?; June 19, 2008 5:24 PM
Anonymous said...: what is a "frog march'?; June 19, 2008 6:31 PM
Anonymous said...: The Club has more than 260 units in foreclosure.

"...she immediately deactivated 8,000 access cards for the building's *640 units, incurring the wrath of many residents. After forcing everyone to reapply, she whittled the number to 1,400..."

*40% FORECLOSURES!; June 19, 2008 6:55 PM
Anonymous said...: Acceleron expanding, adding jobs:
http://tinyurl.com/3sabss; June 19, 2008 7:09 PM
Anonymous said...: Suddenlink Building New Call Center, Adding Jobs (In Ohio, not India! Who would have thunk it?)
http://tinyurl.com/52m9rb; June 19, 2008 7:10 PM
Anonymous said...: Condo bust draws scams and squatters

"The mini-condo crime wave comes at a bad time for the buildings' community associations, many of which are grappling with financial hardship from unpaid maintenance fees on foreclosures. Fiscal woes make taking action difficult.

Most associations are not inclined to incur the legal expense to remove someone from a unit that has been abandoned or [that is] in bank foreclosure because the legal expense is unlikely to be recoverable"
http://tinyurl.com/65tdda; June 19, 2008 7:34 PM
Anonymous said...: Condo bust draws scams and squatters

Good article or renter whores trying to get to live somewhere for free. The lady in the picture is one fine b*tch with a tight nice ass. This is our pain in Miami. All of you retarded renters living in those 1BR shit-hole rental shacks and trailers suddenly want to live in a luxury condo with granite countertops and marble floors. Look at the f*cking picture of the article. This asinine imbecile could not even drink a cup of coffee without spilling it all over the motherf*cking floor. Blowfly is going to organize a condo commando. We’re gonna grab your white trailer trash ass, tie you up, whip you and put a bag over your head. After that we’re going to throw your chicken shit renter/squatter ass out into the dumpster where you belong. The other moron chick is f*cking unbelievable to pay an impostor $3k+. As I always said it, renters, if stupidity would hurt, you’d be screaming all day and all night long.; June 19, 2008 8:52 PM
Anonymous said...: what is a "frog march'?
--------------

Google. It's your friend.

Note to everyone else - riddle me this?

If it is wrong to make fun of people because they are ugly, is it wrong to make fun of people because they are stupid?; June 19, 2008 9:25 PM
Anonymous said...: According to The Burlington Free Press, IBM will let go up to 1,000 workers in Essex Junction, Vt. Contacted by EE Times, IBM declined to comment on the report.

http://www.eetimes.com/news/semi/
showArticle.jhtml?articleID=
208700804; June 20, 2008 1:23 AM
Anonymous said...: Washington Mutual Inc. will layoff another 1,200

http://seattlepi.nwsource.com/
business/367690_wamu20.html?
source=mypi; June 20, 2008 1:25 AM
Dixon Ticonderoga said...: I don't know if this will fill the void left when Kieth goes behind the Iron Curtain but I started a blog where we could all make fun of all the REIC perps that are just starting to walk.

LOLperps. http://lolperps.blogspot.com/

Just cross a lolcat with a perp walk and that's a LOLperp. Just email your LOLperp pictures to the address on the profile page and I'll post them.

Realtwhores, mortgage brockers, investment bankers, politicians it's open season to mock the rat finks who have been making a mockery of this country, its citizens and its economy for far too long. For now pictures should be limited to perpwalk or lying to congress type pictures and also ID the perp in the pic if known.

If you don't know what a lolcat is take a look at icanhascheezburger.com
Thanx; June 20, 2008 2:06 AM
Dixon Ticonderoga said...: This just in-The LOLperps blog is now accepting pictures of LOLtors. Just find the most glamtastic glamour shot of the most glamalicious Realtors and give them the LOL treatment.; June 20, 2008 2:29 AM
Anonymous said...: Will Gold raise to $5,000 an ounce.

http://www.bloomberg.com/apps/news
?pid=20601081&sid=aF1439PVhAgk&refer
=australia; June 20, 2008 3:20 AM
Anonymous said...: "yeh, he said the reason why he is behind on his bills is because he fell and broke his neck and can't work right now. well geez, at 85 years young, that is a problem isn't it? something fishy about that.....where did all of his money go"
http://opvest.com; June 20, 2008 7:40 AM
Anonymous said...: "The housing market needs to recover for the economy as a whole to fully recover," says Lawrence Yun, an economist at the National Association of Realtors in Washington. "Without housing recovering, the economy will remain sluggish."

This could be interpreted to mean that this guy wants people to just buy, regardless of their ability to do so, or buy into a grossly overpriced environment just so he can get back to the grand old days.

When will these jack asses learn? And I'm talking realtors to house owners trying to sell their overpriced shitboxes.

Lower the price and get this gridlocked economy moving or take your observations and ram 'em up your ass.; June 20, 2008 3:25 PM
Anonymous said...: Anonymous said...

The AP can find out who you are very easily by making a friendly phone call to your ISP. NOBODY is anonymous on the internet.
------------------------------

i sometimes post going through two anonymizers.

I always post in a lead hazmat suit to prevent anonymization by the Internet.; June 20, 2008 5:09 PM
Alan Static said...: The Dow's down 180 pts at 2:00 on Friday.

Bwhahahahha; June 20, 2008 7:01 PM
Anonymous said...: The market is down -217 and we are 1 hour away from the closing bell.

The banking system is freezing up.

Brutal!; June 20, 2008 8:23 PM
Anonymous said...: This is a first. Today on ebay, as I was browsing, I found a seller who will accept gold as payment. For 6 yrs now as a hobby, I have have been selling items on ebay and have never seen this before.

This sounds like the beginnings of something big with gold.

On TV and in some jewelry stores windows, jewelers are advertising they buy gold, here in the bay area.

I read the U.S. government has run out of silver for production of the 2008 coins, and Gold is projected to hit $1,500oz. and silver to hit $25oz. by 2009.; June 21, 2008 4:46 AM
Tyrone said...: The FBI is now at work in Hawaii...

FBI investigating Hawaii mortgage fraud
By Associated Press
HONOLULU (AP) _ Federal agents are investigating the fraudulent activities of more than a dozen mortgage brokers in Hawaii and 80 people in the industry.

Janet Kamerman, the FBI's special agent in charge in Honolulu, says these investigations could result in criminal charges and lengthy prison sentences.

More than 400 people in the real estate industry nationwide have been indicted for mortgage fraud scams since March, including five in Hawaii.

The five Hawaii cases include allegations that they profited from home mortgage loans that were obtained by falsifying loan applications.

The FBI warns residents to only do business with reputable professionals, never sign blank mortgage loan application documents and never borrow more money than you can afford.; June 21, 2008 9:01 AM
W.C. Varones said...: National Review Online just got an internal BofA memo that shows that BofA essentially wrote the Dodd-Shelby lender bailout bill.

linky; June 21, 2008 9:18 PM
Anonymous said...: Keith, check this out...

BREAKING NEWS....

National Review obtains BoA internal document which appears to mirror Dodd-drafted mortgage bailout bill

Read the internal document here

Karl Denninger is lambasting this...says that total cost if the bill is used as a template to also bail out Feddie and Fannie will cost $3 TRILLION, 1/3 of the current national debt. Not to mention the increase in borrowing costs after Treasury issues more debt to cover the costs.; June 21, 2008 9:57 PM
Chris said...: There was a WSJ article on page D1 of either the June 18 or June 19 newspaper about how banks are ratcheting back the open lines for individuals' credit card accounts. Peter Schiff was one of them. He told the reporter that one of his staff was trying to book some rooms at a hotel and the credit card was declined because AmEx peeled his credit line way back. There were no late payments or credit score changes whatsoever. Makes you wonder if the banks could be any more stupid than they already are.; June 22, 2008 3:23 AM
Anonymous said...: Keith, here's an article for your blog.

http://market-ticker.denninger.net/authors/2-Karl-Denninger

Shows how corporations are in total control of this government. Obama is not excepted from that statement.; June 22, 2008 1:47 PM
Andy said...: Please, please, PLEASE let my house sell today.

It's been too long.; June 22, 2008 6:51 PM
Anonymous said...: Maybe it is not a Water Fuelled Car by definition, but if you car drive it on and all it take is water then why don't the auto manufacturers product it.

http://en.wikipedia.org/wiki/
Water-fuelled_car

A water-fuelled car is a motor car that uses water as its fuel or produces fuel from water onboard, with no other energy input. Water-fuelled cars have been mentioned in history books, newspaper and popular science magazines, and urban legends since the 1800s; these claims have been found in court to be fraudulent hoaxes.

In June 2008, Japanese company Genepax unveiled a car which it claimed runs on water and air,[7] and many news outlets dubbed the vehicle a "water-fuel car".[8] The company says it "cannot [reveal] the core part of this invention,” yet,[9] but it has disclosed that the system uses an onboard energy generator (a "membrane electrode assembly") to extract the hydrogen using a "mechanism which similar to the method in which hydrogen is produced by a reaction of metal hydride and water".[10] The hydrogen is then used to generate energy to run the car. This has led to speculation that the metal hydride is consumed in the process and is the ultimate source of the car's energy, making the car hydride-, rather than water-fuelled.

http://youtube.com/watch?v=
AgWTU54SJbs

http://youtube.com/watch?v=
E1OWDcWoXHs

http://youtube.com/watch?v=
eb9urNUFzAM; June 22, 2008 11:57 PM
Alan Static said...: http://www.msnbc.msn.com/id/25320555/

Citibank to fire thousands; June 23, 2008 1:54 AM
Anonymous said...: minority zero down lending was HUGE part of bubble:

http://tinyurl.com/659wcc; June 23, 2008 9:22 AM
Anonymous said...: bailout is signed sealed and delivered

thanks for the money suckers; June 23, 2008 1:20 PM
Paul E. Math said...: Speaking of REIC shills, here's an example of lazy msm forwarding on the bought-and-paid-for opinions of the REIC sponsored Harvard Center for Housing Studies.

http://tinyurl.com/5rrcmf

Please, if you have time, make a post that links to this crap article and also links to the list of the 'Policy Advisory Board' of the Harvard Center for Housing Studies, an REIC who's who:

http://www.jchs.harvard.edu/people/pab_member_companies.html; June 23, 2008 3:56 PM
Paul E. Math said...: Response to "not the Realtors fault, Get your facts straight."

My response would be that the housing bubble is not solely the fault of Realtors. But Realtors definitely contributed to it by facilitating and profiting from an unaffordable and unsustainable increase in home sales and home prices.

Realtors associations never EVER provided objective, expert information about home price levels to potential buyers. This is despite the fact that part of their MISSION is to act in the interests of sellers AND BUYERS.

Even while prices were/are falling Realtors will always encourage someone to buy, saying 'now is a great time to buy real estate'.

Many, many people trusted their Realtors and bought at prices that Realtors either did or should have known were inflated and unsustainable. Many people are suffering financially as a result of taking Realtor advice.

Realtors are just like used car salesmen: they do not represent the interests of the buyer (despite lying and saying that they are) and are incentivized to push for as high a price as possible.

Yes, Realtors are at fault.; June 23, 2008 6:17 PM
Anonymous said...: Dow up 11 points at 1:10. Where's your depression HP'ers?

DOLTS
DOPES
DOTES
LOSERS; June 23, 2008 6:20 PM
Anonymous said...: OLD NICKELASS RETINASS DOESN'T EVEN GET HIS NAME MENTIONED ANYMORE...

"Harvard University's Joint Center for Housing Studies painted a bleak picture of the current housing downturn, pegging it as possibly being "the worst in a generation" in its "The State of the Nation's Housing 2008" report."

"The study noted that housing starts, new home sales and existing home sales are at all-time lows since after World War II, while home price declines and mortgage defaults are the worst on record."

http://tinyurl.com/4oankr

PRICK MUST HAVE GOT FIRED!!!

DOPES!!!; June 23, 2008 9:03 PM
Anonymous said...: PROOF Mortgage Brokers are SLIME!

God Lucky Howard, 39, described in jail records as a mortgage broker, was arrested by Tampa police on one count each of delivery of cocaine within 1,000 feet of a church, a school and public housing; one count each of delivery of cocaine with intent to sell within 1,000 feet of a church, a school and public housing; and two counts of possession of cocaine.

Full Article; June 23, 2008 9:54 PM
Anonymous said...: "I noticed the anonymous poster always posting how the DOW was "up today, losers" no longer posts here anymore.

hmmmmmmm"

Hey I'm still here HP fools.

Guess what? S&P 500 up +0.07.
Where's your housing crash?

TOOLS
FOOLS
DOOLS
DOLTS; June 23, 2008 11:37 PM
Anonymous said...: BWAHAHAHA!

Sign of the times/democracy in action: check out the "George W. Bush Sewage Plant!"

http://tiny.cc/t0W1C; June 24, 2008 5:59 PM
Anonymous said...: Just a thought from the nothing..

I pay taxes. My taxes go to use the road and public transportation. And social security and welfare..

Stuff I use and can use if i really need to. In a sense I own this stuff through my taxes.

If my taxes go to bail out people and purchase foreclosed homes... why can't i use them?

Shouldn't I be able to live in them since my taxes purchased them?...

just a thought...; June 24, 2008 9:53 PM
Anonymous said...: NYTimes: "The Illinois attorney general is suing Countrywide Financial, the troubled mortgage lender, and Angelo R. Mozilo, its chief executive, contending that the company and its executives defrauded borrowers in the state by selling them costly and defective loans that quickly went into foreclosure."

http://tinyurl.com/5mazfm; June 25, 2008 5:44 AM
Anonymous said...: Lisa Madigan (Illinois states Attorney)is listing Countrywide and Angelo, the mo we know, in a civil suit so I think that dayeter is going down just like the orange one.; June 25, 2008 11:48 AM
Anonymous said...: Hi Everybody! I'm new to this blog. Can someone tell me why there's a picture of a corpse in the upper right corner under the word MoziloGate?; June 25, 2008 11:59 AM
Anonymous said...: "SEATTLE -- Gov. Chris Gregoire says the state is pulling the license of Countrywide Home Loans to write loans in Washington and that investigators found evidence of "predatory practices" aimed at minorities."

http://www.kirotv.com/news/
16706810/detail.html; June 25, 2008 8:26 PM
Anonymous said...: Keith, lets be a bit fair to Chris Dodd..he went OFF on Bush and the wiretapping and retroactive immunity. I know its like the pot calling the kettle black, but he spoke this with vitriol and passion.

http://www.washingtonpost.com/wp-dyn/content/blog/2008/06/25/BL2008062501380.html?nav=hcmodule; June 26, 2008 2:25 AM
Anonymous said...: One guy's thoughts on peak oil truths lies and consequences.

http://theseuncertaintimes.blogspot.com/

I thought it was good reading.; June 26, 2008 4:00 AM
edd browne said...: When I run AndrewHac posts
through my proprietary
Hac emulator, he makes more sense
than Bushwacked or McLame.

Where was Andy 10 years ago ?
Maybe he can still save us.

Well, no; too late.
But maybe he can help us
through eternal purgatory.; June 26, 2008 6:03 AM
Anonymous said...: Does anyone remember the name of the blog where FB's whine and complain about how they are victims of the mortgage blowout?

It was mentioned on this website before and I forgt what it was called.

Thanks!; June 26, 2008 4:32 PM
Anonymous said...: Keefer!!

You gotta do a flash on the markets. Remember on your live thread I said the markets looked spooky and felt weird.

Well this could be it. This could be a Thursday, Friday, Monday market 1,000 pt collapse.; June 26, 2008 7:43 PM
Anonymous said...: gutless and lazy senses a big sell off said...
I concurr with Anon at June 18, 2008 10:32 PM.

My intuition tells me something big is about to go down in the markets. I've had a strange nagging feeling for a few weeks now, that we're about to hit a big sell off. Like over 1,000 pts in a couple days. Either that, or Keith is about to take another trip and log off the blog for a few days.

Still, markets feel very, VERY strange.

June 18, 2008 10:39 PM; June 26, 2008 8:04 PM
Anonymous said...: Ramen eaters try to sell the home, and now the pu$$y too!!!

http://tinyurl.com/4guh8h

Jesus...these people have no shame, but we knew it was only a matter of time until they started selling the only thing they have left: their bodies (no brains on a realtwhore); June 26, 2008 11:01 PM
Unknown said...: Pretty good article on greenfaucet today by Janet Siderman about how to sell your house in a crap market like this one. She’s a big money agent in SoCal but I think the advice is valuable for anyone looking to sell right now.
Main points: first impressions are huge, market history doesn’t matter right now, and it’s going to be a buyer’s market for sometime.
If you’re interested, here’s the link:
http://www.greenfaucet.com/real-estate/tips-for-selling-your-home-in-this-market
basically, sellers are going to have a rough time for a while.. so you need to find a way to do decently in the face of market changes; June 26, 2008 11:48 PM
Anonymous said...: Charleston SC Real Estate News

The Charleston SC real estate market is holding steadier than many markets nationwide. Because of current economic factors and media misrepresentation of the real estate market, some buyers are still hesitant to buy. The media plays an enormous role in the public's perception of the economy. While the housing market is not what it was two years ago, it is still an ideal time to buy for many people. It is important to ask yourself several key questions when you are making the decision of whether or not to buy a house in Charleston. One of the first questions you should ask yourself is how long do I plan on keeping this house? This is not a marketplace where one can expect to buy a house and have it significantly appreciate in value over the next six months. While the real estate market is correcting itself and readjusting to the new economic factors, it could take longer for prices to recover significantly. I predict that when the media announces that real estate prices have hit rock bottom, this will give investors and personal homeowners the green light to start buying which will driving prices even higher. One of the reasons that the market is in its current state is that there were not enough people buying houses to live in. People were buying houses as a tool to get rich quick from the appreciating marketplace. This is the ideal marketplace to buy a house that you plan on living in. As long as you are going to stay in a house for a number of years, it will be a huge financial advantage to own a house rather than rent one. When you rent a house you are essentially throwing away hard earned money that could go towards paying a mortgage. There are two ways that you make money by owning a house. You are paying down the mortgage instead of wasting money on rent, and over time your house will become more valuable and you will make money that way.
Investors usually try to focus their efforts on one of these two strategies, but generally hope that they can get both. Cash flowing a house refers to buying a house and renting it out where the rents cover the expenses that come with owning a house (mortage payment, insurance, and taxes). This is usually easier with houses that cost less money. Low income housing often cash flows, but you generally have more tenant problems due to socioeconomic factors like poverty. In this method you are paying off the mortgage of the house and making money in that way. The second strategy for making money by investment is through appreciation. If you buy a nice house in a nice location, it should appreciate over time. This method can cost more initially, but pay out more over time. www.askforjames.com; June 27, 2008 2:27 AM
Anonymous said...: "The National Association of Realtors reported Thursday that sales of existing single-family homes and condominiums edged up by 2 percent to a seasonally adjusted annual rate of 4.99 million units in May."

Looks like that housing crash and stock market mayhem is never going to happen HP fools.

DOLTS
TOOLS
FOOLS
DOPES
DARTS
FARTS; June 27, 2008 3:48 AM
Alan Static said...: "While the housing market is not what it was two years ago, it is still an ideal time to buy for many people."

The myth spreaders are still at it in Charleston. Didn't BofA just announce thousands of layoffs? Aren't they buying Countrycrack? Isn't the core "industry" of Charleston banking which was booming because of real estate.

Dude get out of real estate right now. If you have a home sell it.; June 27, 2008 3:55 AM
Alan Static said...: "My intuition tells me something big is about to go down in the markets."

For once I have to agree. I'd give a greater then average chance of a crash in the next week.; June 27, 2008 4:00 AM
Anonymous said...: Local home for sale includes wife.

SLUT ALERT! And she's realtor!!!!!!

http://tinyurl.com/6n6h7y; June 27, 2008 4:58 AM
Melessa said...: Hi - The RFK youtube video referenced in the comment posted on June 10, 2008 9:32 PM has changed. The new youtube link is http://www.youtube.com/watch?v=77IdKFqXbUY.
Check it out.; September 15, 2008 8:03 PM