Countrywide / Bank of America REOs Fall to February 2007 Levels [View article]
Wow Mr Perry. You are truly drinking the cool aid. As a real estate agent, i can tell you that ALL circumstantial evidence at this time points to a huge backlog of bank homes that are just waiting to hit the market. The reasons and speculations for why the bank owned inventory has slowed the last several months are varied. But nonetheless, the huge backlog truly appears to be there and ready to hit.
So I do not buy your rosey optimism at all! I have read several of your posts and for the most part, I think you are, respectfully, out to lunch.
Common Sense: My Solution to the Mortgage Crisis [View article]
MichaelNYC...Amen! Too many folks want to load this on the backs of lenders and realtors. And while there is no doubt that a few lenders and realtors did take advantage of the situation, most conducted business as usual with ABSOLUTELY NO IDEA of what was about to happen...otherwise, they would all currently be sipping cocktails on a beach in the bahamas rich beyond belief because they knew the "end" was coming and as such, they shorted the appropriate vehicles and made millions. Do you really think that happened? NO. Enough said.
A Rustbelt Revival: From Doom to Boom [View article]
Hey Doug Korthof: GM has operating test vehicles running on fuel cell "engines". So does Ford and Toyota. It is only a matter of time. In fact I recently heard GM could be ready to mass produce in 2013. What is holding them up? The lack of refueling stations and, according to them, they need to know for sure that fuel cell will be accepted because, they say, they will only be able to overhaul and retool their factories once...(which makes sense). So, dont be so negative and maybe go do a little bit more research to update yourself before you go shooting your mouth off about fuel cells.
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Latest | Highest ratedCountrywide / Bank of America REOs Fall to February 2007 Levels [View article]
So I do not buy your rosey optimism at all! I have read several of your posts and for the most part, I think you are, respectfully, out to lunch.
Why Is It So Hard to Modify a Mortgage? [View article]
Existing Home Sales Up: Don't Get Too Excited [View article]
Common Sense: My Solution to the Mortgage Crisis [View article]
A Rustbelt Revival: From Doom to Boom [View article]