Housing in a Death Spiral, Taking the Mortgage Industry with It [View article]
WRONG WRONG WRONG....... put down the economic statistics crack pipe interview some people that are in involved in real estate every day. You might be shocked what you hear.
We are in a new paradigm, whatever rules that were applied in the past dont apply to the future.
REO'S for the same models across the street priced 20% less than new models. REOs selling BELOW COST TO BUILD TOLL BROS uses inflated appraisals and their own mortgage company to finance their deals.
Housing Sales: Another Take On Modeling and Forecasting [View article]
maybe you should ask an appraiser ...... not a wall street journal reading, overpaid economist.... or some snot nosed quant, fresh out of Wharton
we employ quantitative and qualitative analyses. technical and fundamental analyses. we actually talk to the parties to the transaction... we kick the tires.
I could have told you the real estate market was toast 3 years ago.
Quants DONT UNDERSTAND reality.....Financial Engineering might be the biggest joke in history. 500 billion in losses and counting.
No Monte Carlo analysis can predict human behavior.
The entire banking system is in CRISIS.
3 more years of this insanity await us.......no stabilization at least until 2011.
Imagine if they drug tested the investment banking/dealer trading desks?
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Latest | Highest ratedWhy I'm Bullish on Homebuilders [View article]
go see what the REOs for the SAME models are selling for across the street.
ITS SHOCKING
Housing in a Death Spiral, Taking the Mortgage Industry with It [View article]
put down the economic statistics crack pipe
interview some people that are in involved in real estate every day.
You might be shocked what you hear.
We are in a new paradigm, whatever rules that were applied in the past dont apply to the future.
Homebuilders Bounce: An Early Sign of Recovery? [View article]
they have to use their own mortgage companies/appraiser whores to get deals funded cause prices are too high relative to comparables
BUILDERS ARE TOAST
California Home Sales Increase 83% in February as Home Prices Fall by 41% [View article]
and yes, like it or not Investors are buying in droves......
Its the best positive CASH FLOW window I HAVE EVER SEEN.
Many investors are putting down sizeable down payments so the potential foreclosure risk isnt as high.
Listen to the doom and gloomers and you will MISS THE BOAT.
Let the new cycle begin.
Time to Buy the Homebuilders [View article]
REO'S for the same models across the street priced 20% less than new models.
REOs selling BELOW COST TO BUILD
TOLL BROS uses inflated appraisals and their own mortgage company to finance their deals.
BUILDERS ARE DEAD IN THE WATER......
NAR's Chief Economist: Totally Clueless [View article]
Housing Sales: Another Take On Modeling and Forecasting [View article]
not a wall street journal reading, overpaid economist....
or some snot nosed quant, fresh out of Wharton
we employ quantitative and qualitative analyses.
technical and fundamental analyses.
we actually talk to the parties to the transaction...
we kick the tires.
I could have told you the real estate market was toast 3 years ago.
Quants DONT UNDERSTAND reality.....Financial Engineering might be the biggest joke in history.
500 billion in losses and counting.
No Monte Carlo analysis can predict human behavior.
The entire banking system is in CRISIS.
3 more years of this insanity await us.......no stabilization at least until 2011.
Imagine if they drug tested the investment banking/dealer trading desks?
The results would be shocking.
s
Housing Prices: Bottom or Temporary Bear Break? [View article]
THE ATM MACHINE IS CLOSED FOR 3 MORE YEARS
no recovery until 2011
Can This Bailout Work? [View article]
WHEN WALL STREET IS DRUG TESTED
MOST INEPT OVERPAID JOKES ON THE PLANET
500 BILLION DOLLARS IN LOSSES
THEY ALL NEED TO BE CALLED OUT FOR THE FAKES THEY ARE!!!!!!
Expect the Real Rally by Mid-2009 [View article]
stop trying to be an expert and focus on what you know best.
repeating statistics, or what some economist says does not constitute a vaild projection of the future.
safe to say Wall Street is CLUELESS
500 billion in losses soon to be 1.5 trillion.
WHERE OH WHERE IS THE RECOVERY????????
A Long Housing Boom Won't Yield to a Brief Recovery [View article]
many agents/brokers cant even spell or add........
or even tell you the name of the governer of their state.........
we wont see ANY market stabilization until at least 2011
Yikes, But Duh: Housing Bottom Could Be Two Years Off [View article]
He's nothing more than a mindless puppet riding on a donkey of destruction.
SOMEONE WHO HAS NO "WORKING" KNOWLEDGE OF THE REAL ESTATE IS NOT AN EXPERT. Nor can they predict the future.
EVERY one of these idiots has to BE CALLED OUT.
Wall Street anoints themselves as the GURUS of Finance when in reality they have created the WORST FINANCIAL DISASTER IN HISTORY.
ITS BEYOND INSANE.
The Usual News: Home Price Data Remains Grim [View article]
Case/Schiller is the biggest joke EVER......
has ZERO connection to REALITY
using matched pair sales to guage market movement is NOT reliable at all.
take a look at movement of the DJUSRE since mid march. Dow Jones U.S. Real Estate Index.
its up over 20%........
Credit Default Swap prices are also down indicating "fear" level in market is being reduced.
These are not "GRIM" statistics Heather.
Reos are selling, Rents are increasing.
People still need shelter. The DEMAND for housing is only growing.
S.A. Birnbaum
Certified Residential R.E. Appraiser