cfish

Ten Comments on Housing

I, too, don't think foreigners will snatch up properties here. Nobody can time the market but I do plan to start looking at the end of 2009. As of what's going to happen to abandoned houses? The sheriff's office will take it to the auction block for the tax owed on it and a reservation price of the same. At this point, I don't know if the second lien (the bank's interest) will apply. Hopefull investors are smart enough to figure out this portion, or there's going to be a lot more drama.

haha.

No 'Golden Parachutes' For Bear Executives

I bet the fed tagged this on, because otherwise it'd be publish outrage.

More Questions Than Answers on Bear

I doubt that JPM made a good deal on this. The fact that JPM checked the books and the Bears Building valuation is 1Billion tells me that the book was way worse then we all can imagine. All JPM did was "guestimate" how much more loss it will take for assuming Bears debt.