tag:blogger.com,1999:blog-18675105.post2361837891814544418..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Stupid Question of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-18675105.post-4952393580300836682007-08-22T05:32:00.000+01:002007-08-22T05:32:00.000+01:00Late post on this stupid question of the day. Abo...Late post on this stupid question of the day. About 3-4 weeks ago I called a meeting with a builder (small local boutique builder) & realtor I've been working on a teardown/rebuild project we've been designing/specifying on for the past year. The meeting was to cancel the project, citing my concerns with a pending meltdown.<BR/><BR/>The answer from both was that "commercial RE underpins retail in this area." The builder said he had no evidence of any problem. The realtor didn't know where I was coming from.<BR/><BR/>They get it only 10-20%, thinking that CNN & the stock market reflects what is going on; they fail to see what is happening under the surface. They'll never get it until some movie or large-type magazine can explain it for them.<BR/><BR/>We're seeing the credit pie eaten from the outside in, starting with the hedgies and of late, the banks. What looks like a duck, quacks like a duck, and craps like a duck is actually our first major bank run. The afore-mentioned realtor might understand it when his checks won't clear or the ATM is locked up or his gas station only accepts coins with silver in them.Tera Flophttps://www.blogger.com/profile/15005207100634077737noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-31369775287655484922007-08-20T16:59:00.000+01:002007-08-20T16:59:00.000+01:00We can all try to be positive, but the economy wil...We can all try to be positive, but the economy will over rule!<BR/><BR/>We're in a "goose" market, the way I see it. The word "down" is all I'm hearing.<BR/><BR/>Outside the old real-estate thinking box is where the new agent of today has to head to avoid Hurricane House Panic.<BR/><BR/>Now's the time to sharpen the service skills.<BR/><BR/>:-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53334981961993580612007-08-20T13:50:00.000+01:002007-08-20T13:50:00.000+01:00Anonymous said... Seattles inventory is not down 1...Anonymous said... <BR/>Seattles inventory is not down 12% YOY it is up over 40%, get your facts straight. <BR/><BR/>August 18, 2007 5:51 PM <BR/><BR/><BR/>==============================<BR/><BR/>http://housing-watch.com/regionview.aspx?city=SeattleAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-45988771750901835362007-08-20T02:29:00.000+01:002007-08-20T02:29:00.000+01:00"The 7th Commandment says Thou Shalt Not Steal. Pr..."The 7th Commandment says Thou Shalt Not Steal. Predatory lending is a sin against the 7th Commandment."<BR/><BR/>How about predatory borrowing? How about lying about income, assets, and intent to occupy?<BR/><BR/>Instead of the 7th Commandment, let's go with "Slay them all, God will know His own."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-80762261174503913902007-08-20T02:19:00.000+01:002007-08-20T02:19:00.000+01:00"Understand what? That there is a 2% decline in pr..."Understand what? That there is a 2% decline in prices after a 200% gain? Yeah I think so."<BR/><BR/>Sounds like your question is answered Keith. The gibbering retardation out there is still thick enough to cut with a chainsaw.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-78248965516975846522007-08-19T23:59:00.000+01:002007-08-19T23:59:00.000+01:00There was a sign on a Catholic Church the other da...There was a sign on a Catholic Church the other day "The 7th Commandment says Thou Shalt Not Steal. Predatory lending is a sin against the 7th Commandment". <BR/>Yeah Catholic Church! Someone had the guts to call it like it is!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-88124616214915962822007-08-19T20:35:00.000+01:002007-08-19T20:35:00.000+01:00ETrade rocks!! * * *ETrade rocks!! * * *Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23166332533689087102007-08-19T15:42:00.000+01:002007-08-19T15:42:00.000+01:00Lost Cause: "So now that your can't get a jumbo lo...Lost Cause: "So now that your can't get a jumbo loan, will all real estate in California be priced below $417k"? <BR/><BR/><BR/>I'm wondering the same thing LC. <BR/><BR/>With 65% of all loans in the bay area as some form of subprime, will a buyer have a couple of hundred thou laying around in their bank accounts to put down on top of getting a jumbo mortage?<BR/><BR/>All the decent homes are way about 417K here in Alameda... <BR/><BR/>Its going to be an interesting "Fall" season.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33490618716535370142007-08-19T15:33:00.000+01:002007-08-19T15:33:00.000+01:00On Friday, I couldnt log on to my Ameritrade accou...On Friday, I couldnt log on to my Ameritrade account. Saturday was no problem.<BR/><BR/><BR/>I doubt Etrade would be much better if everyone was trying to sell/buy stocks all at the same time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4639511272306982582007-08-19T13:28:00.000+01:002007-08-19T13:28:00.000+01:00All realtors suck. They are slime that live like p...All realtors suck. They are slime that live like parasite on the financial corpses of those around them. they don't care about people, they hate people, they just want to use them to steal their money. Every last one of them is rotton to the core. they hate people. they hate america. Every last one on them is bad. Them and stockbrokers. They live to steal money too. Bad, bad, all bad. no good ones. all bad ones. <BR/><BR/>August 19, 2007 7:09 AM <BR/><BR/>----------------------------<BR/>That's why you often find "strippers" getting into real estate. Theyre "wired" perfectly for real estate sales.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60143558416700263532007-08-19T07:09:00.000+01:002007-08-19T07:09:00.000+01:00All realtors suck. They are slime that live like ...All realtors suck. They are slime that live like parasite on the financial corpses of those around them. they don't care about people, they hate people, they just want to use them to steal their money. Every last one of them is rotton to the core. they hate people. they hate america. Every last one on them is bad. Them and stockbrokers. They live to steal money too. Bad, bad, all bad. no good ones. all bad ones.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6453007214440458212007-08-19T05:29:00.000+01:002007-08-19T05:29:00.000+01:00So now that your can't get a jumbo loan, will all ...So now that your can't get a jumbo loan, will all real estate in California be priced below $417k?Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56154574170247617992007-08-19T04:31:00.000+01:002007-08-19T04:31:00.000+01:00No.No.Housing anarchisthttps://www.blogger.com/profile/15487813296898263996noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38958352033434039552007-08-19T00:32:00.000+01:002007-08-19T00:32:00.000+01:00No, they're really that dumbNo, they're really that dumbAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37969317832351751252007-08-19T00:08:00.000+01:002007-08-19T00:08:00.000+01:00This TESTY lil Snert must bepumping up home prices...This TESTY lil Snert must bepumping up home pricess must be lil pretend brainwashed realtor ...forgive lost puppy !!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44914357567027051442007-08-18T23:39:00.000+01:002007-08-18T23:39:00.000+01:00OHHaH NOAHH!! Mozirra pop The BAFFOON BARROON!!!AH...OHHaH NOAHH!! Mozirra pop The BAFFOON BARROON!!!AHHEEYYYEEEEEEEAHHH!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67605726832894567182007-08-18T22:54:00.000+01:002007-08-18T22:54:00.000+01:00August 17, 2007The last few days have been unlike ...August 17, 2007<BR/><BR/>The last few days have been unlike any that the market has seen in many years. And if you have been watching the financial news, you are undoubtedly hearing rumors circulating about many financial services companies, including E*TRADE FINANCIAL.<BR/><BR/>I'm here to separate fact from fiction and provide you with reliable — and accountable — information about the strength of E*TRADE's business. I want to assure you that your accounts and your assets are safe with us, and that we put the utmost value on our relationship with you.<BR/><BR/> * E*TRADE is a financially healthy organization. We have disclosed in great detail our limited exposure to credit risk in sub-prime mortgages — less than one fifth of one percent of E*TRADE's overall mortgage portfolio. The vast majority of financial analysts who monitor our business applauded our proactive efforts to add transparency, and are indicating that market concerns about our portfolio are exaggerated.<BR/> * E*TRADE has ample liquidity to manage its way through the current credit environment. For our customers, this means we are well capitalized, have strong cash flow, high cash reserves and significant excess borrowing capacity. In addition, E*TRADE Securities customers are protected by SIPC coverage, while E*TRADE Bank customers benefit from FDIC coverage, with up to three times the amount of FDIC coverage for sweep deposit accounts.<BR/> * E*TRADE's business fundamentals are firmly on track. The second quarter ended June 30, 2007 was one of the best quarters in the company's history in terms of revenue, new trading/investing account activity, net new customers and deposit growth. Our July metrics show continued strength and record customer engagement.<BR/> * E*TRADE continues to adhere to our strict discipline with respect to risk mitigation. For as long as we've run the balance sheet, we've focused on prime and super-prime loans. Our approach is conservative, as reflected in the fact that 97% of the first mortgages we hold have high FICO scores and combined loan-to-value ratios below 80%.<BR/><BR/><BR/>Currently, volatility in the mortgage industry is impacting the entire financial services industry. The E*TRADE franchise is strong and growing, producing new and innovative products and services to best serve you. We will continue to work diligently to prove to you every day that we are deserving of your business.<BR/><BR/><BR/>Thank you for your continued patronage.<BR/>Jarrett Lilien<BR/>Jarrett Lilien<BR/>President, COO and Director, E*TRADE FINANCIALAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5011030822661126242007-08-18T22:43:00.000+01:002007-08-18T22:43:00.000+01:00realtors - you might find a decent one among a hun...realtors - you might find a decent one among a hundred if you're luckyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-44523977803562945502007-08-18T22:08:00.000+01:002007-08-18T22:08:00.000+01:00Funny picture - though I think the slur against Re...<I>Funny picture - though I think the slur against Realtors really wasn't appropriate.</I><BR/><BR/>get used to it...you're in OUR WORLD now baby!<BR/><BR/>Welcome to HousingPANIC.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-23339052678631140402007-08-18T21:47:00.000+01:002007-08-18T21:47:00.000+01:00Unemployment up in financials. Fire Departments ho...Unemployment up in financials. Fire Departments however are looking for new recruits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37907684972977045892007-08-18T21:30:00.000+01:002007-08-18T21:30:00.000+01:00I'm sure that deep down inside, many of them have ...I'm sure that deep down inside, many of them have understood the situation for quite a while. They've just been milking the market while they can so they can try to keep livin' large. I think the question to ask is: Do the realtors understand that they can't keep the game going any more now regardless of their immoral behavior? I've seen and heard enough from realtor slime to know that even if they're stupid, they know what they're doing when they try to screw over their clients. Oh, and the same goes for all those involved on the lending side.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17355423683182320892007-08-18T21:22:00.000+01:002007-08-18T21:22:00.000+01:00Round two of this imaginary housing bubble crash w...Round two of this imaginary housing bubble crash will be people walking away from their homes. But we're not experiencing a crash!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74890562654735598382007-08-18T21:11:00.000+01:002007-08-18T21:11:00.000+01:00I harken back to the 17 years we could not sell N....I harken back to the 17 years we could not sell N.Y real estate at a quarter of its tax assessed "value" and the "glee" we felt at selling for a third of that value, to avoid the paying of 18 percent of that sale money in taxes every yearAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-8582115122413903192007-08-18T21:06:00.000+01:002007-08-18T21:06:00.000+01:00no, they have no clue!no, they have no clue!stuckinthecityhttps://www.blogger.com/profile/04103831140035179103noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-91062848331303508532007-08-18T20:01:00.000+01:002007-08-18T20:01:00.000+01:00Courtesy of housing trackerMiami median price down...Courtesy of housing tracker<BR/>Miami median price down 10.9% YOY<BR/>D.C. prices down 10% YOY<BR/>Boston down 7.9% YOY<BR/>Seattles data looks messed up jumping up and down irratically.Anonymousnoreply@blogger.com