mkttrdr's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/226625/comments http://seekingalpha.com/article/176297-24-states-borrow-money-to-pay-unemployment-benefits?source=feed#comment-788553 788553 Actually my first job was at Mc D's, stock which I will hold for life, and Asst. mgrs.and gms. make good money-I was one. There are jobs-just improve any one thing in this world and people will buy it.

Now look- you just created a job for yourself and a profitable business too. Examples are a better Pizza, Chicken, cookies, burgers...I can give you names(Papa, Col. the Mrs. and RC) but these individuals found a need with an idea to improve what already exists.

I too was downsized from corporate America. So create or improve something....If not, you will not survive.


On Dec 03 06:44 AM chris coonan wrote:

> Unemployment, for millions is not a choice. To the person above who
> views families with children, jobless, as some kind of horrible affliction
> on society, I say grow a heart.
>
> The industry I am in has totally imploded, and there is almost no
> hope to get paying work. I know that most of the friends I have are
> struggling, and many are launching into new careers.
>
> The job situation in America is pretty bad, have compassion for those
> that lose a job, and are wondering what to do next. A provider for
> a family of 5 cannot quit unemployment and work at McDonalds, it
> just doesn't add up.]]> Thu, 03 Dec 2009 11:28:28 -0500 Actually my first job was at Mc D's, stock which I will hold for life, and Asst. mgrs.and gms. make good money-I was one. There are jobs-just improve any one thing in this world and people will buy it.

Now look- you just created a job for yourself and a profitable business too. Examples are a better Pizza, Chicken, cookies, burgers...I can give you names(Papa, Col. the Mrs. and RC) but these individuals found a need with an idea to improve what already exists.

I too was downsized from corporate America. So create or improve something....If not, you will not survive.


On Dec 03 06:44 AM chris coonan wrote:

> Unemployment, for millions is not a choice. To the person above who
> views families with children, jobless, as some kind of horrible affliction
> on society, I say grow a heart.
>
> The industry I am in has totally imploded, and there is almost no
> hope to get paying work. I know that most of the friends I have are
> struggling, and many are launching into new careers.
>
> The job situation in America is pretty bad, have compassion for those
> that lose a job, and are wondering what to do next. A provider for
> a family of 5 cannot quit unemployment and work at McDonalds, it
> just doesn't add up.]]> http://seekingalpha.com/article/176297-24-states-borrow-money-to-pay-unemployment-benefits?source=feed#comment-788525 788525 Thanks SA-Michael and a good comment by John, below.

Again, this goes back to a financial problem in the US and around the world. It's DEBTs..finance the future by spending money we may never have. Same with housing.

With all the negative equity and walkaways done and more coming, states and banks will have to cover(up) or eat the taxes due on these empty properties. This will get ugly.

History has proven that lower taxes across the board actually increase tax revenues. Someone in DC better read history books.

On Dec 03 10:08 AM John Galt wrote:

> Fantastic article.
>
> The 787 billion dollar stimulus was a band aid on failed state budgets.
> States are either going to have to raise taxes (unpopular to tax
> payers), cut benefits ( unpopular to those receiving them), or get
> more money from the Federal Trough.
>
> It seems like our current "leaders", lean to the side of "raise taxes",
> and "federal money", which basically means you are borrowing money
> from China to have your kids & grandkids pay it back.
>
> The other day Mish had an article about Black Friday. People waiting
> in front of Best Buy for 24 hours, waking up a 3am to go shopping
> at Walmart to "save money". These people are all doing it for their
> "kids" and thier "families". Riggggght. If you want to do something
> for your kids, save your money for harder times or start saving for
> their overprices college education.]]> Thu, 03 Dec 2009 11:13:02 -0500 Thanks SA-Michael and a good comment by John, below.

Again, this goes back to a financial problem in the US and around the world. It's DEBTs..finance the future by spending money we may never have. Same with housing.

With all the negative equity and walkaways done and more coming, states and banks will have to cover(up) or eat the taxes due on these empty properties. This will get ugly.

History has proven that lower taxes across the board actually increase tax revenues. Someone in DC better read history books.

On Dec 03 10:08 AM John Galt wrote:

> Fantastic article.
>
> The 787 billion dollar stimulus was a band aid on failed state budgets.
> States are either going to have to raise taxes (unpopular to tax
> payers), cut benefits ( unpopular to those receiving them), or get
> more money from the Federal Trough.
>
> It seems like our current "leaders", lean to the side of "raise taxes",
> and "federal money", which basically means you are borrowing money
> from China to have your kids & grandkids pay it back.
>
> The other day Mish had an article about Black Friday. People waiting
> in front of Best Buy for 24 hours, waking up a 3am to go shopping
> at Walmart to "save money". These people are all doing it for their
> "kids" and thier "families". Riggggght. If you want to do something
> for your kids, save your money for harder times or start saving for
> their overprices college education.]]> http://seekingalpha.com/article/172906-are-markets-headed-for-an-800-point-blow-off-day?source=feed#comment-758932 758932 Fri, 13 Nov 2009 12:43:37 -0500 http://seekingalpha.com/article/173247-market-destruction-mass-media-finally-catching-on?source=feed#comment-758930 758930 What do you think they would have done?
Puppets are pulled by strings!
Ask who is pulling the strings to get answers.


On Nov 13 12:03 PM doubleguns wrote:

> Excellent article. In a nut shell it's all corrupt in Washington.
> Our elected leaders continue to allow this while distracting us with
> Obamacare, Knee cap and triage, war bickering and the list goes on.
>
>
> Obviously the press (sheeple with press badges) continue to worship
> BO (with very few exceptions) and will continue to fail to report
> anything too critical until things have gotten to a point of no return.
> They at least TRIED to keep Bush in line, well.... at least made
> a good showing. Not now!!!
>
> Don't believe that this administration has a monopoly on the corruption
> either. If it comes from Washington its corrupt.]]> Fri, 13 Nov 2009 12:41:18 -0500 What do you think they would have done?
Puppets are pulled by strings!
Ask who is pulling the strings to get answers.


On Nov 13 12:03 PM doubleguns wrote:

> Excellent article. In a nut shell it's all corrupt in Washington.
> Our elected leaders continue to allow this while distracting us with
> Obamacare, Knee cap and triage, war bickering and the list goes on.
>
>
> Obviously the press (sheeple with press badges) continue to worship
> BO (with very few exceptions) and will continue to fail to report
> anything too critical until things have gotten to a point of no return.
> They at least TRIED to keep Bush in line, well.... at least made
> a good showing. Not now!!!
>
> Don't believe that this administration has a monopoly on the corruption
> either. If it comes from Washington its corrupt.]]> http://seekingalpha.com/article/173161-are-stocks-making-a-major-top?source=feed#comment-758584 758584 My 10300/1100 target is in so next week S&P could hit 1060.
Forecasting is never easy-just a guide for walking in the forest of trees.]]> Fri, 13 Nov 2009 10:33:34 -0500 My 10300/1100 target is in so next week S&P could hit 1060.
Forecasting is never easy-just a guide for walking in the forest of trees.]]> http://seekingalpha.com/article/172229-john-hussman-the-second-wave-begins?source=feed#comment-753779 753779 The stimulus will eventually trickle down and create jobs. But, Not enough to get the economy back on it's feet. My concern is when the Fed decides to raise rates. How much impact to housing will this cause? After July 4th 2010 is about when I expect this troubling hike!]]> Tue, 10 Nov 2009 10:24:25 -0500 The stimulus will eventually trickle down and create jobs. But, Not enough to get the economy back on it's feet. My concern is when the Fed decides to raise rates. How much impact to housing will this cause? After July 4th 2010 is about when I expect this troubling hike!]]> http://seekingalpha.com/article/170821-sell-in-may-and-go-away-meant-taking-a-loss-in-2008?source=feed#comment-742547 742547 Tue, 03 Nov 2009 12:21:26 -0500 http://seekingalpha.com/article/170419-how-bloomberg-fabricates-u-s-housing-numbers?source=feed#comment-742497 742497 Great job again Jeff.
The truth hurts but at least we are alive and can deal with it.
20 Million homes that no one pays property taxes on!
Stew on that.]]> Tue, 03 Nov 2009 11:56:23 -0500 Great job again Jeff.
The truth hurts but at least we are alive and can deal with it.
20 Million homes that no one pays property taxes on!
Stew on that.]]> http://seekingalpha.com/article/170765-mark-zandi-help-wanted-needs-help?source=feed#comment-742455 742455 Don't know if the Gdp numbers , which was pumped up by stimulus, tell the whole picture. All the WH and Hill wanted to say was the great recession is over. Big deal-big words. But...
Not by a long shot. Enjoy the double dip. The consumer will never spend the ways of the past. Small companies employ 75% of all workers; and they are cutting corners, costs and jobs. Limited credit lines w/ high corporate/business taxes in the US are destoying the recovery. Flat tax of 20% would make cents!]]> Tue, 03 Nov 2009 11:41:19 -0500 Don't know if the Gdp numbers , which was pumped up by stimulus, tell the whole picture. All the WH and Hill wanted to say was the great recession is over. Big deal-big words. But...
Not by a long shot. Enjoy the double dip. The consumer will never spend the ways of the past. Small companies employ 75% of all workers; and they are cutting corners, costs and jobs. Limited credit lines w/ high corporate/business taxes in the US are destoying the recovery. Flat tax of 20% would make cents!]]> http://seekingalpha.com/article/168713-fantasy-housing-numbers-a-prelude-to-the-next-u-s-crash?source=feed#comment-734824 734824 Are you asking me personally?
It sounds like moi.


On Oct 28 05:06 PM gnosis988 wrote:

> Talked to a business partner who is deep in the real estate business,
> works with banks, escrow companies, etc. Confirmed that banks are
> holding onto millions of foreclosed units and not releasing them
> into the market. They know it would flood the market and cause a
> collapse. But new accounting rules do not require a mark to market,
> so they hold it... but early next year, they will have no choice
> but to start releasing some of the units. Many of these are from
> conforming loans in better neighborhoods.]]> Wed, 28 Oct 2009 20:44:54 -0400 Are you asking me personally?
It sounds like moi.


On Oct 28 05:06 PM gnosis988 wrote:

> Talked to a business partner who is deep in the real estate business,
> works with banks, escrow companies, etc. Confirmed that banks are
> holding onto millions of foreclosed units and not releasing them
> into the market. They know it would flood the market and cause a
> collapse. But new accounting rules do not require a mark to market,
> so they hold it... but early next year, they will have no choice
> but to start releasing some of the units. Many of these are from
> conforming loans in better neighborhoods.]]> http://seekingalpha.com/article/168713-fantasy-housing-numbers-a-prelude-to-the-next-u-s-crash?source=feed#comment-734245 734245 Just fill out a form. Yep, i'm a 1st time buyer; Get your credit-but only if you pay taxes and income is within a certain range!
Fantasy?


On Oct 28 11:53 AM Living4Dividends wrote:

> Caveat:
> The only thing they have done for homeowners is a $8000 credit. It
> is very restrictive. You only get it if you are a new homeowner,
> etc, etc. It does not help existing homeowners (unless they sell).
>
>
> $8000 for a $160,000 house is 5% of the purchase price
> $4500 for a $18,000 car is 25% of the purchase price.
>
> According to the government, cars are more important than houses.
>
>
> When the banks foreclose on the houses, the people can sleep in their
> shiny brand new cars.]]> Wed, 28 Oct 2009 13:50:25 -0400 Just fill out a form. Yep, i'm a 1st time buyer; Get your credit-but only if you pay taxes and income is within a certain range!
Fantasy?


On Oct 28 11:53 AM Living4Dividends wrote:

> Caveat:
> The only thing they have done for homeowners is a $8000 credit. It
> is very restrictive. You only get it if you are a new homeowner,
> etc, etc. It does not help existing homeowners (unless they sell).
>
>
> $8000 for a $160,000 house is 5% of the purchase price
> $4500 for a $18,000 car is 25% of the purchase price.
>
> According to the government, cars are more important than houses.
>
>
> When the banks foreclose on the houses, the people can sleep in their
> shiny brand new cars.]]> http://seekingalpha.com/article/168873-u-s-house-prices-could-fall-another-10?source=feed#comment-734041 734041 The truth hurts!
I was not happy to tell many of these facts to my local business network, Realtors and NAR members in a meeting back in 2004 before this mess started. The majority said Im nuts and dont call/talk to me now. Yes, I saw it coming early. I'm educated and a business owner who understands basic economics. It's common in most economic cycles to have peaks and valleys. Gravity is real; and so is greed.
Our Leaders, Realtors and the NAR don't want to realize facts, figures or hear the negative tilt I know. Our housing will improve, but not until 2015. Hang on. 2010 is going to make 2007 and 2008 look good.
Our IRS requires no-NO documentation for the 1st time tax credit.
Are we on fantasy island?]]> Wed, 28 Oct 2009 11:59:14 -0400 The truth hurts!
I was not happy to tell many of these facts to my local business network, Realtors and NAR members in a meeting back in 2004 before this mess started. The majority said Im nuts and dont call/talk to me now. Yes, I saw it coming early. I'm educated and a business owner who understands basic economics. It's common in most economic cycles to have peaks and valleys. Gravity is real; and so is greed.
Our Leaders, Realtors and the NAR don't want to realize facts, figures or hear the negative tilt I know. Our housing will improve, but not until 2015. Hang on. 2010 is going to make 2007 and 2008 look good.
Our IRS requires no-NO documentation for the 1st time tax credit.
Are we on fantasy island?]]> http://seekingalpha.com/article/168713-fantasy-housing-numbers-a-prelude-to-the-next-u-s-crash?source=feed#comment-733972 733972 The truth hurts!
I was not happy to tell many of these facts to my local business network, Realtors and NAR members in a meeting back in 2004 before this mess started. The majority said Im nuts and don]]> Wed, 28 Oct 2009 11:23:21 -0400 The truth hurts!
I was not happy to tell many of these facts to my local business network, Realtors and NAR members in a meeting back in 2004 before this mess started. The majority said Im nuts and don]]> http://seekingalpha.com/article/168061-wells-fargo-earnings-first-leak-in-the-dam?source=feed#comment-725158 725158
Read the last sentence folks-our friends on the Wall , in DC and the WH have destroyed us. All that's good and left in the US is this rally in the stock markets. I Expect this to continue til the last man is standing.
I hate to say it, but this is the only way the Goons in power can think of...By creating wealth and preventing financial panic.
The days of free markets are over! We are a welfare country. And remember, our housing and auto (sales/production)markets fall in the fall.
Get your shovel ready! The real war hasn't started yet.]]> Thu, 22 Oct 2009 10:30:42 -0400
Read the last sentence folks-our friends on the Wall , in DC and the WH have destroyed us. All that's good and left in the US is this rally in the stock markets. I Expect this to continue til the last man is standing.
I hate to say it, but this is the only way the Goons in power can think of...By creating wealth and preventing financial panic.
The days of free markets are over! We are a welfare country. And remember, our housing and auto (sales/production)markets fall in the fall.
Get your shovel ready! The real war hasn't started yet.]]> http://seekingalpha.com/article/166928-housing-is-moving-towards-disaster?source=feed#comment-717631 717631 2010 will be another big year for more of the same...Foreclosures, REO's , short sales and BPO's. That's good for my businesses, but bad news for Americans. No one seems to know the market or its price and when the bottom hits. 2015 is my target; 2 years of current inventory, more coming(banks have been holding back), owners and economy struggling, government intervention and a 17% real unemployment take time to turn around.

Are we, the taxpayers.... buying the garbage loans on the books; where are those bank loses? That too is coming. Plus, the credits to 1st time homeowners who have no idea of the ownership responsibilities, makes me believe that 15% of those will be delinquent. Half of that will be future foreclosures and short sales.

Ah, the Kids are in school now, so most of the buying is in for 2009...and a long winter is around the corner. Hey, we are getting older too; so some of us (myself included )wonder, are the 2nd homes (3rds etc) worth the holding costs? And you thought that having your mortgage paid off was a good idea! Good luck getting the equity line or a cash out refi. Expect more of the same for years to come.]]> Fri, 16 Oct 2009 11:37:29 -0400 2010 will be another big year for more of the same...Foreclosures, REO's , short sales and BPO's. That's good for my businesses, but bad news for Americans. No one seems to know the market or its price and when the bottom hits. 2015 is my target; 2 years of current inventory, more coming(banks have been holding back), owners and economy struggling, government intervention and a 17% real unemployment take time to turn around.

Are we, the taxpayers.... buying the garbage loans on the books; where are those bank loses? That too is coming. Plus, the credits to 1st time homeowners who have no idea of the ownership responsibilities, makes me believe that 15% of those will be delinquent. Half of that will be future foreclosures and short sales.

Ah, the Kids are in school now, so most of the buying is in for 2009...and a long winter is around the corner. Hey, we are getting older too; so some of us (myself included )wonder, are the 2nd homes (3rds etc) worth the holding costs? And you thought that having your mortgage paid off was a good idea! Good luck getting the equity line or a cash out refi. Expect more of the same for years to come.]]> http://seekingalpha.com/article/166065-the-most-expensive-us-market-of-all-time?source=feed#comment-713812 713812 enjoy the trend for that too will end... but not yet...not yet!

IF is a big word.
IF the s&p gets over 1082 if it passes 1100 if it passes 1175
but it certainly Mr Mkt wont get beyond 1250 w/out fundies after the Xmas rally;happens 90% of the time..
NO-don't fight the Fed or the trend!]]> Tue, 13 Oct 2009 10:31:37 -0400 enjoy the trend for that too will end... but not yet...not yet!

IF is a big word.
IF the s&p gets over 1082 if it passes 1100 if it passes 1175
but it certainly Mr Mkt wont get beyond 1250 w/out fundies after the Xmas rally;happens 90% of the time..
NO-don't fight the Fed or the trend!]]> http://seekingalpha.com/article/164803-insiders-confirm-rally-is-fake-economy-is-getting-worse?source=feed#comment-703875 703875
Hello-next wave of no equity homeowners are just a year away from foreclosure.

Legone's right too. Retail is dying.
Govt is lying and economy is not creating jobs!

I Spent the weekend golfing w/ a hedge fund manager of $4B. and he said they are slowly selling out of their positions for capital preservation purposes. It tells me to conserve and preserve for now; and that most of the mkts appreciation is baked in. S&P1100 and 10500 Dow is tops for me! Will it make it there?]]> Mon, 05 Oct 2009 13:08:47 -0400
Hello-next wave of no equity homeowners are just a year away from foreclosure.

Legone's right too. Retail is dying.
Govt is lying and economy is not creating jobs!

I Spent the weekend golfing w/ a hedge fund manager of $4B. and he said they are slowly selling out of their positions for capital preservation purposes. It tells me to conserve and preserve for now; and that most of the mkts appreciation is baked in. S&P1100 and 10500 Dow is tops for me! Will it make it there?]]> http://seekingalpha.com/article/164452-recession-is-over-depression-has-just-begun?source=feed#comment-703843 703843 Agreed with analysis of Recession Vs.. Depression.

The result may end the way civilized man lives and conducts business going forward. Maybe the Mayan culture and calendars were right about 2012. It's not the earth or the universe that causes the fall of man and the end to civilization on Earth, but the actions of man in it self-causing a financial collapse; in turn causing man to react irrationally without addressing the real problems with the right solutions.

It is now up to the emerging markets/countries to start consuming to offset the conservation that Americans must endure. It is not man vs. man; it should be man helping man.

There is not one solution. It will be the combination of many actions put together that will help this unwind slowly.]]> Mon, 05 Oct 2009 12:44:44 -0400 Agreed with analysis of Recession Vs.. Depression.

The result may end the way civilized man lives and conducts business going forward. Maybe the Mayan culture and calendars were right about 2012. It's not the earth or the universe that causes the fall of man and the end to civilization on Earth, but the actions of man in it self-causing a financial collapse; in turn causing man to react irrationally without addressing the real problems with the right solutions.

It is now up to the emerging markets/countries to start consuming to offset the conservation that Americans must endure. It is not man vs. man; it should be man helping man.

There is not one solution. It will be the combination of many actions put together that will help this unwind slowly.]]> http://seekingalpha.com/article/161138-where-is-this-market-going?source=feed#comment-675905 675905 10) a never ending war against......]]> Mon, 14 Sep 2009 11:48:13 -0400 10) a never ending war against......]]> http://seekingalpha.com/article/150154-doubling-one-s-money-in-7-1-2-months-with-triple-leveraged-etfs?source=feed#comment-672315 672315
The trend is up as long as the FED and Wh keep pumping money into Goldman from "off shore accounts". So any downside is limited. A break is overdue but may wait for bad news or late OCT-3rd qtr. Good luck.


On Jul 22 10:02 AM oldman wrote:

> what is the average returns for a day trader and how many trades
> are made weekly, monthly etc?
>
> I have a friend who started day trading the TZA 3x bear and TNA 3x
> bull. What's his chance?]]> Fri, 11 Sep 2009 11:53:33 -0400
The trend is up as long as the FED and Wh keep pumping money into Goldman from "off shore accounts". So any downside is limited. A break is overdue but may wait for bad news or late OCT-3rd qtr. Good luck.


On Jul 22 10:02 AM oldman wrote:

> what is the average returns for a day trader and how many trades
> are made weekly, monthly etc?
>
> I have a friend who started day trading the TZA 3x bear and TNA 3x
> bull. What's his chance?]]> http://seekingalpha.com/article/156356-leveraged-etfs-have-become-a-day-trader-s-dream-come-true?source=feed#comment-654929 654929 You must be right and be short term in your trades. Lereraged trades can get you back to zero quickly; or negative. Break down your trading to weekly or even daily to get the intended benefit; but you better be right.
Long bgz for Aug 31-sept 3]]> Mon, 31 Aug 2009 12:39:26 -0400 You must be right and be short term in your trades. Lereraged trades can get you back to zero quickly; or negative. Break down your trading to weekly or even daily to get the intended benefit; but you better be right.
Long bgz for Aug 31-sept 3]]> http://seekingalpha.com/article/154245-u-s-homeowners-underwater?source=feed#comment-618197 618197
This adds proof that this downturn is far from over. Consumer debt and housing were the bubbles, now it's up to the consumer to carry us out by spending more on goods and services(70% of gdp). I Just don't see that happening when you have high unemployment, credit strap citizens, lack of equity and little savings, an aging population, taxes and fees everywhere etc... The printing of money and the creation of more debt will bite us back in the end.]]> Thu, 06 Aug 2009 12:25:31 -0400
This adds proof that this downturn is far from over. Consumer debt and housing were the bubbles, now it's up to the consumer to carry us out by spending more on goods and services(70% of gdp). I Just don't see that happening when you have high unemployment, credit strap citizens, lack of equity and little savings, an aging population, taxes and fees everywhere etc... The printing of money and the creation of more debt will bite us back in the end.]]> http://seekingalpha.com/article/153555-five-reasons-the-market-could-crash-this-fall?source=feed#comment-616172 616172 With the Fed and WH putting out money like drunk sailors, don't fight the trend. Only bad news will derail this rally. Short term trend is long, but Sept-Oct may be as far as this rally can go w/o a correction.
Enjoy the ride. Long term-there is hell to pay for all the debt created.]]> Wed, 05 Aug 2009 10:33:03 -0400 With the Fed and WH putting out money like drunk sailors, don't fight the trend. Only bad news will derail this rally. Short term trend is long, but Sept-Oct may be as far as this rally can go w/o a correction.
Enjoy the ride. Long term-there is hell to pay for all the debt created.]]> http://seekingalpha.com/article/151790-the-diminishing-value-of-home-appraisals?source=feed#comment-606535 606535 Lenders are now in charge-ha. Why they didn't manage money before 2008 was crime thrust upon us. Due to the oversight now, Lenders are tight and control the money flow. FHA will request all repairs be done before closing. Cash is king!


On Jul 28 11:01 AM notsosmart wrote:

> UNLESS THE BUYER HAS ALL CASH HE HAS TO HAVE A MORTGAGE.SO THE LENDER
> CALLS THE SHOTS-NOT THE BUYER OR SELLER.]]> Wed, 29 Jul 2009 10:30:38 -0400 Lenders are now in charge-ha. Why they didn't manage money before 2008 was crime thrust upon us. Due to the oversight now, Lenders are tight and control the money flow. FHA will request all repairs be done before closing. Cash is king!


On Jul 28 11:01 AM notsosmart wrote:

> UNLESS THE BUYER HAS ALL CASH HE HAS TO HAVE A MORTGAGE.SO THE LENDER
> CALLS THE SHOTS-NOT THE BUYER OR SELLER.]]> http://seekingalpha.com/article/150010-bank-walkaways-caught-many-by-surprise?source=feed#comment-596376 596376 Banks are broke-at least ones that lend to homeowners.
Just wanted to warn everyone about this and the trickle down which is coming next year.]]> Tue, 21 Jul 2009 09:43:01 -0400 Banks are broke-at least ones that lend to homeowners.
Just wanted to warn everyone about this and the trickle down which is coming next year.]]> http://seekingalpha.com/article/149762-why-housing-hasn-t-bottomed-yet?source=feed#comment-595041 595041 Until then-this is all hot air and smoke and mirrors.
More downside to come in housing.]]> Mon, 20 Jul 2009 10:44:43 -0400 Until then-this is all hot air and smoke and mirrors.
More downside to come in housing.]]> http://seekingalpha.com/article/148526-washington-s-dilemma-this-isn-t-a-recession-it-s-a-collapse?source=feed#comment-595029 595029 This is not what our founding fathers nor creator had in mind.
Good will and good deeds are well intended and desired-but this is going too far!

No less. Bailouts have not and will not work. Too, many states that can manage a budget(paper book of revenue-expenses) will get nothing for doing whats right, but do end up paying for deadbeat mismanaged states by getting less in future federal funded projects.
Cutbacks will come.

The homeowners who pay(paid) mtgs, and taxes on time (are)were losers in 2008 and continue to lose value(equity) monthly.. They are paying for the deadbeat bankers who underwrote the loans to the unworthy. So too, will anyone and everyone holding dollars that are printed(paper) to bailout the AIG's in the world.

Life is not fair-how true-but we do have to live and exist together;
whether we like it or not. There is no need to panic -just realize we are regressing to the caveman days. We the Moral US citizens are so sick of this mismanagement-does that mean were going out of business too?]]> Mon, 20 Jul 2009 10:36:14 -0400 This is not what our founding fathers nor creator had in mind.
Good will and good deeds are well intended and desired-but this is going too far!

No less. Bailouts have not and will not work. Too, many states that can manage a budget(paper book of revenue-expenses) will get nothing for doing whats right, but do end up paying for deadbeat mismanaged states by getting less in future federal funded projects.
Cutbacks will come.

The homeowners who pay(paid) mtgs, and taxes on time (are)were losers in 2008 and continue to lose value(equity) monthly.. They are paying for the deadbeat bankers who underwrote the loans to the unworthy. So too, will anyone and everyone holding dollars that are printed(paper) to bailout the AIG's in the world.

Life is not fair-how true-but we do have to live and exist together;
whether we like it or not. There is no need to panic -just realize we are regressing to the caveman days. We the Moral US citizens are so sick of this mismanagement-does that mean were going out of business too?]]> http://seekingalpha.com/article/149151-wells-appears-to-be-covertly-offloading-subprime-loans?source=feed#comment-590585 590585 Good detective work Ty.
Basically-no banks want to foreclose. Too many out their now. Just sell it and deal w/it later attitiude is slowly killing American's honest paying homeowners.

Thought-give a $10K credit or cash to the 35M homeowners who pay on time. (based on 75M households -less 35% w/o mtgs and the delinquents plus non equities).

Give incentives to real estate investors not 1st timers! This costs our G less and will get things moving! Why do American people vote for the dumbos and morally corupt over and over again?]]> Thu, 16 Jul 2009 12:03:27 -0400 Good detective work Ty.
Basically-no banks want to foreclose. Too many out their now. Just sell it and deal w/it later attitiude is slowly killing American's honest paying homeowners.

Thought-give a $10K credit or cash to the 35M homeowners who pay on time. (based on 75M households -less 35% w/o mtgs and the delinquents plus non equities).

Give incentives to real estate investors not 1st timers! This costs our G less and will get things moving! Why do American people vote for the dumbos and morally corupt over and over again?]]> http://seekingalpha.com/article/148707-are-loan-modification-programs-working?source=feed#comment-588995 588995 Mods -hmm-only save less than 5% in our market. That means an owner has good credit, a solid home w/equity in a good area and a secure job(in health care) and current or less than 90 days late. Odds are not good folks.

The big problem is on the backs of those paying the mortgage. Give them the a 3% reward for paying on time. But,They are losing equity everyday, yet taxed more-for less. How: Lenders refuse to take title on many pending foreclosed homes leaving it to the defaulted owners who bailed. So, now the cities and states; which are near bankrupt must foreclose/raze the junkers. Increased taxes are the citites answer, but there are fewer homes/owners to be taxed and the equity piggy bank continues down! More homes go on the market etc....
Lenders are just letting wall st and DC see better numbers-the losses are coming folks-just not this year.

Therefore, home values will continue to fall, causing more hardship foreclosures next year, and thus any loan mods will fail due to continued loss of home values, more future layoffs etc....

Is there anyone out there reading the tea leaves or in the streets dealing w/ foreclosures like myself? Am I a loan(sic) here?
At least I can tell you the truth-like it or not.]]> Wed, 15 Jul 2009 10:39:04 -0400 Mods -hmm-only save less than 5% in our market. That means an owner has good credit, a solid home w/equity in a good area and a secure job(in health care) and current or less than 90 days late. Odds are not good folks.

The big problem is on the backs of those paying the mortgage. Give them the a 3% reward for paying on time. But,They are losing equity everyday, yet taxed more-for less. How: Lenders refuse to take title on many pending foreclosed homes leaving it to the defaulted owners who bailed. So, now the cities and states; which are near bankrupt must foreclose/raze the junkers. Increased taxes are the citites answer, but there are fewer homes/owners to be taxed and the equity piggy bank continues down! More homes go on the market etc....
Lenders are just letting wall st and DC see better numbers-the losses are coming folks-just not this year.

Therefore, home values will continue to fall, causing more hardship foreclosures next year, and thus any loan mods will fail due to continued loss of home values, more future layoffs etc....

Is there anyone out there reading the tea leaves or in the streets dealing w/ foreclosures like myself? Am I a loan(sic) here?
At least I can tell you the truth-like it or not.]]> http://seekingalpha.com/article/148505-boomers-in-trouble-the-unheralded-economic-mega-trend-part-1?source=feed#comment-587554 587554 Tue, 14 Jul 2009 12:05:31 -0400