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    • Sat Dec 22nd 13:23 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Sales, Prices and Sentiment Review
      I love the wisdom of words "This isn’t a demand issue. It is a pricing issue" put by Dr. Housing Bubble. Judy, you did a great job to pick it as a quote.

      Value is a function of "materials, labor, sentiment." Price has been flucturated on those factors. As I believed, there is a sign that "loan freeze" shows phased out. Now comes the phase II. Everyone has different perspective on the market psyche, let alone other judgement on price or value.

      I am so happy and confident on the uptrend of buyer's sentiment in American real estate market. Enclosed herewith is a link of my further expression on this topic in a more broad perspective. If you are interested, please click here: A Funny World (15): Bonuses or Bearshit? activerain.com/blogsvi...
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    • Sat Dec 22nd 10:42 AM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Sales, Prices and Sentiment Review
      Usually Lawrence Yun is NOT right. But finally I see something he is right on. He said, the media’s biggest mistake was too much reporting on nationwide real estate trends. National trends alone, don’t apply to many parts of the country, and reporting of them usually lacks perspective.

      That's absolutely right! I do real estate in between California and Texas. I can see the BIG and Wide gaps in them as we said "Nobody is the same, everyone is different."

      There is a saying that 4 stages exist in a specific market, exactly like 4 seasons: Spring, Summer, Fall, Winter. From my recent dealings in Texas, Texas is in Spring while California a Fall.

      In Texas, look everywhere to see "constructive&quo... signs such as new freeways or their expansion. It means Texas is still growing. Where you can see that in California? I have the feeling that California is too ripe, if not stopping growth.

      As we are told, to see the growth path and go in advance before others get there is the best way to make money in real estate. Well, what you will do if you have to make choice between a growing one and a fully developed one?
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    • Tue Dec 18th 23:45 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Foreclosure Data Review
      After I post the above article, I read the following article.

      It is very interesting that it says: "Few are calling the end of the credit crunch just yet, though." Hmmmm..., sounds funny to make me look like the only idiot to say the soap show is all over before Madlen Read put out the article, right?



      Stocks Get a Boost From ECB Movehttp://biz.yahoo.c...

      Tuesday December 18, 5:59 pm ET
      By Madlen Read, AP Business Writer

      Stocks Rise in Volatile Trading As ECB Lends $500B; Goldman, Best Buy Post Gains
      NEW YORK (AP) -- Stocks rose Tuesday after investors found solace in the European Central Bank's $500 billion loan issuance, but the possibility of recession in 2008 made for a back-and-forth session.

      The ECB's massive 16-day tender supported the idea that the world's central banks are working to revive demand in struggling areas of the credit market. The Bank of England also said it will offer additional reserves to lenders Tuesday, after the U.S. Federal Reserve on Monday auctioned off $20 billion in 28-day credit.

      Few are calling the end of the credit crunch just yet, though, and the market's seesaw movements on Tuesday reflected its uncertainty. Alongside U.S. government data showing that new home construction dropped in November to its lowest rate in more than 16 years, the central banks' actions had a hard time galvanizing a market that remains anxious that the economy has further to fall.

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    • Tue Dec 18th 17:15 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Foreclosure Data Review
      An updated version of my viewpoints:
      A Funny World (14): Sun Goes Up? Or Not? activerain.com/blogsvi...
      View article »
    • Tue Dec 18th 15:52 PM | Rating: 0 0
      Commented on:
      Housing Market Tracker - Foreclosure Data Review
      Spring is near the corner.
      Mortgage financials have new sprouts coming up.
      Watch out! Don't step on it.
      Seems nothing is so big a deal we USA people are unable to handle yet!
      View article »
    • Sun Dec 16th 16:14 PM | Rating: 0 0
      Commented on:
      Buffett on the Dollar: 'Our Present Over-Consumption is Unsustainable'
      A follow up to express my viewpoint more clearly.A Funny World (13): White Big Brother or Blue Small Ant? activerain.com/blogsvi...
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    • Sun Dec 16th 14:11 PM | Rating: 0 0
      Commented on:
      Buffett on the Dollar: 'Our Present Over-Consumption is Unsustainable'
      I will make it clear that I am a follower of Adam Smith.
      Warren and Hillary are just a political hysteric.


      Ouch, don't get me wrong. I am not with GWB all-heartedly too.
      But look at what they said in the article carefully. Don't you think their arguments are self-defeating?

      Well, I will say Hillary is right to ask us surrender our kid's education to a STATE if she is with ancient country "Sparta" where people were ordered to send kids to a state-run kindergarten after they were borne. Well, I am a Athenian who wants to create a ecology where at least one of parents educate children as a lifetime chance of sweet and valuable memory as Warren described.

      But ask Warren: "Do we give our people that chance?" When our society is transforming into a "double income household" that our ancestors never heard. We even see some couple working 4-5 partime jobs to bring in bread for the family. The married couple even hardly see each other in the house. How can they take care of their kids except sending them to other's preschool or public school?

      How can they be so hypocrisy? They support "death penalty" when they know they can fully use the statue que to "avoid" the tax and the poor is unable to do that. Situation is just as Warren said he only pays 17% tax while the average Joe has to pay more than 40% tax.

      Our society has more wealth disparity as Warren mentioned that the rich increased 300 or more wealth at the expense of the poor working classes whose wage increase only 80%.

      Gee! What a funny world for those VIP to play with the poor VSP as their slaves who has no time to think or even to vote!


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    • Sun Dec 16th 01:43 AM | Rating: 0 0
      Commented on:
      Look What They're Saying About the Housing Market
      Sounds nimble!

      Yes, you still can take out a home equity loan today at the price of your house that you BOUGHT 5 YEARS AGO.

      To a lot of homeowner such as my father-in-law who bought a REO for $230K 10 years ago house, I advised them to sell, make profit and move on when they can easily sell their house for $800K.

      They just looked at me and said: "No, it is my home. I don't sell it no matter what."

      To them, housing price IS NOT CHANGED. No falling down, No going up. Housing bubble is irrelative, Period.

      View article »
    • Sat Dec 15th 15:05 PM | Rating: 0 0
      Commented on:
      IndyMac: Not Just Another Subprime Mortgage Lender
      great!
      The writer should be a lot richer!
      Thank you for your insight. I am on board IMB.
      View article »
    • Fri Dec 14th 13:09 PM | Rating: 0 0
      Commented on:
      Look What They're Saying About the Housing Market
      Housing prices aren't falling. Only the prices of houses that are being sold are falling. Prices have not fallen for those who have not sold their houses.

      ***** ***** ******
      So much fun I have in reading this article.

      Yes, it does look funny. About 95% home owners didn't sell their houses, right? Literally I can say: nothing has happen to them, except some property tax hike in some area (not in Cali since there is a Prop. 13). They are "inactive" factors in the market. And house price will fluctuate ONLY by those "active ingredients."

      No, their equity is shrinking is a life fact. But look the other way, "equity" is a imaginery thing, if not a phony one. It has never been a real "cash" until it is "realized" ("sold and move on", in real estate terms).

      Asset-based security market is based on a false assumption: all the houses increased its value when, in fact, a small part (5%) of the assets increased its price. Gee, our mortgage lenders have been using the assumption or "appraisal module" to make its decision to lend.

      It sounds like the housing market is really a "perfect market." But it is NOT the reality. Let's suppose ALL the home owners are willing to sell at the same time. The market house price will be decided by "Supply & Demand" principle. 19 times the supply, what's going to change the demand & price. You get the answer and you will see what's happening in your mind.

      Have difficulty to imagine? Just look at what happened to British big bank North Rock a month ago. It is called "banking run."

      My point is clear. It is true that "Housing prices aren't falling." I know you don't believe me, but you will agree with me if those guys use "Housing real value aren't falling," instead of "housing price."

      Gee! what is "real value" I am talking about? Hmmm! Sounds like "real purchasing power" of your money, not the dollare face value?

      View article »
    • Fri Dec 14th 12:37 PM | Rating: 0 0
      Commented on:
      MGIC Investment Turns Conservative
      Well, a good move that makes sense.
      It means a more prudent insurance policy after a earthquake took place in Cali, right?
      It means nothing to the financials, except a warming or new guideline to safeguard nothing like "subprime loan" can happen again, even FED infuse more credit liquidity into the market. Am I right?
      View article »
    • Fri Dec 14th 12:19 PM | Rating: 0 0
      Commented on:
      The Best and Worst Performers Since Last Rate Cut
      To user 127562:

      Please don't be so harsh on the writers. They just use "rate cut" as a timeframe to measure performance during the period of time. There simply no any implication exists.


      To Bespoke,

      Thank you for your post. It helps a lot to give me the guts needed!

      I have never bought any stock even I read a lot of stock investment books and materials. I am concentrating myself in real estate. No distrace!

      Since 6 months ago, I am spending more time and energy into stock markets. The more I collect, the more I desire to buy. One month ago, I have a very strong desire to buy two housing stocks. But I didn't do anything and stayed on the sideline. It costs me a lot of opportunity profit!

      So, after reading another article and this article, I decide firmly that I am going to pick up one particular stock and invest. I know it is not the right timing to get into it at this moment (there is some uncertainty involved). This stock will go down further to the bottom until mid-January 2008. But what a whack, we can't expect to buy at the lowest and sell at the highest all the times, right?

      If the worse happens, it still would not cost me a hand or leg. So I am ready to do it. Scary, it will be the first time I am going to swim with those big sharks.

      Well, I will let you know what's my pick and the result.

      View article »
    • Thu Dec 13th 18:16 PM | Rating: 0 0
      Commented on:
      Greenspan: Large Losses Loom
      He (Mr. G) cautions the current credit crisis will not end until huge inventories of new homes are sold, and home-price deflation ceases. ......... Very large losses will, no doubt, be taken as a consequence of the crisis. But after a period of protracted adjustment, the U.S. economy, and the world economy more generally, will be able to get back to business."

      Gee! He is really a genius and finally gives us his real words and the real medicine.
      View article »
    • Thu Dec 13th 18:03 PM | Rating: 0 0
      Commented on:
      Wednesday's Fed Action: Perfect, Helpful to Housing
      Gee! Today's market: mixed, not down?
      DJIA 13517.96 0.33%;
      Nasdaq 2668.49 -0.10%
      S&P 500 1488.41 0.12%
      Russel 2000 769.46 -0.29%

      Two GSE's stocks even up! So there is no way for me to say I was right at my previous saying: One word "DOWN", right?

      Different indice has different sample. What is it here we are talking about? Non-GSE financing institutions and the housing sector!

      What's right or wrong? Please figure it out by yourself.
      View article »
    • Thu Dec 13th 11:43 AM | Rating: 0 0
      Commented on:
      Wednesday's Fed Action: Perfect, Helpful to Housing
      Maybe you see a good point about Libor.

      Then, there is more money supply, more liquidity. It shoud be interpreded as a good news, right?

      But how come all the stock markets drop so far? Included are those future market.

      Yes, I checked it last night. All of them went down from their openning, except London stock went up, then down.

      We will see how is the reaction of today's NY stock market. One word "DOWN."
      View article »
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