T-Bird

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    • Sun Oct 26th 09:28 AM | Rating: 0 0
      Commented on:
      John Berry: Homebuying Binge on East Coast, Too
      Afraid the author does not see or understand that the de-leveraging in all areas of the economy will affect prices for many years to come.

      Home prices may return to the levels not seen since the late 80's or early 90's. Especially, since the average home purchaser will not be able to qualify under the new lending parameters.

      View article »
    • Sun Oct 26th 09:21 AM | Rating: 0 0
      Commented on:
      5 Reasons to Ignore Buffett
      Even though many feel otherwise, the "Oracle" is only human and has made investing errors in the past.

      Look at his substantial investment in US Airways years ago as one example.

      Buffet is trying to encourage the long term investment in good equities. Only problem, is that equities that are cheap now will probably be cheaper tomorrow.
      View article »
    • Mon Oct 6th 08:04 AM | Rating: 0 0
      Commented on:
      More Homebuilder Trends [Housing Tracker]
      I live in the Charleston area and the above blurb from one of the local news channels is true. P. Ford is trying his best to place a positive spin on the negative...Unfortunate... too little too late. Much more pain to come. Disclosure, I am a member of National Assoc. of Realtors, no debt, sitting on 90% cash, waiting patiently for opportunities...
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    • Sun Oct 5th 10:38 AM | Rating: 0 0
      Commented on:
      Now's the Time to Buy Bank Stocks
      Earnings season is here. Wait for the financials to report b-4 committing your hard earned capital.

      If he is correct and the Financial's spike, buy the SKF (inverse ETF on banks) under $100.
      View article »
    • Sun Oct 5th 10:31 AM | Rating: 0 0
      Commented on:
      TARP Is Just the Beginning - Barron's
      Dr.Nouriel Roubini, the New York University Economist, Been following the good Doctor for several years. I may not agree with him all of the time but his predictions and assessments have been almost perfect.

      I would advise all to follow Dr. Roubini's advice as he is a frequent guest on CNBC and Bloomberg...
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    • Sat Oct 4th 15:36 PM | Rating: 0 0
      Commented on:
      Wells Fargo: Strong and Getting Stronger
      I like WFC and feel it is a good fit for WB.

      However, last time WFC reported quarterly earnings they left off 80 billion in off balance sheet equity lines of credit.

      Until clarification or disclosure is made I plan to steer clear of WFC.
      View article »
    • Wed Sep 17th 21:55 PM | Rating: 0 0
      Commented on:
      Las Vegas & Sacramento Housing Show Big Gains: Is Real Estate About to Surge?
      I am assuming that many of the sales were foreclosures. Anyway, good that sales are increasing in those markets.

      In many East Coast markets sales continue to decline since you guys on the left coast are a couple of years ahead of us.
      View article »
    • Sun Sep 14th 09:45 AM | Rating: 0 0
      Commented on:
      Last Gasp of a Doomed Currency
      User 223799 you stated that real estate professionals have told you that the market has indeed bottomed. Maybe so in your area as all real estate is local. Hope you are correct.

      I am a Realtor and member of the NAR and will be the first to admit that you cannot believe a "damn" thing most Realtors tell you as most are struggling to survive. I will give you an honest assessment in my area is that the industry is in crisis and it will be a lengthy drawn out period b-4 it improves.
      View article »
    • Sun Sep 14th 09:32 AM | Rating: 0 0
      Commented on:
      Case/Shiller Index: Are We Close to a Bottom?
      Agree with the assessment that the R.E. may be reaching a bottom. But this is only in the locations the Case/Shiller index is monitoring. Areas in Ca. Fl. and Nv. could be on the cusp of beginning to improve. Other states that were affected later are still experiencing the decline.
      It took several years for this to develop and I fear it will take a similar or longer time for it to play out.
      With additional sectors now being involved including consumer credit, alt-a mortgages, equity lines and commercial real estate, we have a long way to go. Dr. Nouriel Roubini, Professor of Eco. @ NYU has a good video on this at Bloomberg.

      www.bloomberg.com/avp/...
      View article »
    • Tue Sep 2nd 08:30 AM | Rating: 0 0
      Commented on:
      A Perfect Storm: Retail Is a Buy
      You are absolutely crazy!!!

      Living in Houston, you have had the benefit of the oil pits to lessen effects from this recession we have experienced since late '07.

      Other than WMT, TGT and several others I would stay away from this sector.
      View article »
    • Fri Aug 29th 09:10 AM | Rating: 0 0
      Commented on:
      Hedge Fund Manager's Notebook: Why Hummers Are Greener Than Hybrids, and Tech & Homebuilders May Be a Buy
      Only reason I would want to drive a Hummer over a Prius is if I had to drive in a hurricane.
      View article »
    • Fri Aug 29th 09:08 AM | Rating: 0 0
      Commented on:
      GDP Shows Economy Is Far from Recession
      You must believe in "Alice in Wonderland" The main streets of this world presents an entirely different perspective than the one you provide...

      Barry Ritholtz, call it like it is... Appreciate honesty rather than "fluff" Wait until the revised figures come out in a few mos.
      View article »
    • Sun Aug 24th 12:11 PM | Rating: 0 0
      Commented on:
      Real Estate Bubble Is Only in 4 States: CA, FL, NV, AZ
      Mark, good article. We know about the states that have taken the biggest hit to date, Ca. Fl. Nev. Az. The market in these areas went south several years ago.

      I am a Realtor on the SC coast and also have r.e. interests in the piedmont of NC. We started feeling the effects of the slow down in '07 and it has grown progressively worse. Many states you noted with NO usually are several years behind states like Ca. so the effects are just beginning to get worse in these other areas and will take some time to work itself out.
      In the NC mountains, there are a tremendous number of homes on the market. A friend who has substantial r.e. holdings told me many of these homes are owned by Fl. residents (summer vacation holders) who are in some state of duress in Fl.
      View article »
    • Sat Aug 23rd 14:27 PM | Rating: 0 0
      Commented on:
      Is NYC Commercial RE Loan Default Just The Beginning? [Housing Tracker]
      I agree with the poster above about WB's rosy commercial r.e. assessment. My background was in home furnishings. Now retired.

      Have heard from many of my old retail customers and they are ALL having a difficult time keeping the doors open.

      With the consumer disappearing, sales decline but fixed cost remain the same or are increasing... The result is obvious. If this is the norm in other areas of retailing it does not bode well for the commercial r.e. sector...
      View article »
    • Sun Aug 10th 09:32 AM | Rating: 0 0
      Commented on:
      Why Maguire Properties is Going Down
      Good article... One additional caveat. With the slow down in consumer spending, not to mention the growth of internet retail, many malls, and strip centers are in a precarious situation...

      IMO, this is another shoe which will fall in due time...
      View article »
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