Via Infectios Greed

Talked to a mortgage broker admin last night from a regional bank, she said they had plenty of foreclosures. They are trickling them on to market ever so slowly to not depress prices. Her bank is also refiing option ARMs to 30 year fixed if they can make the payment. They are paying [...]

My channeling stocks are still falling hard. All in cash, waiting for a snap back/short covering rally. Be patient, like a lion in the grass.

I’m going to check out a foreclosure this afternoon. A flipper bought it in 06 for $192 then put a new roof, put new paint & new kitchen in it. Bubble [...]

Here is an amazing quote from page 2 of this article:
I don’t have to do anything but stay black and die

Also

Fraud all up in the first time home buyers tax credit. Banksters seem to cause fraud in everything they touch.

Blogging has been light. I don’t apologize nor will I to you bunch of half wit fantasy football wish-they-weres . I got the driveway paved so I’ve been out of town for a couple days.  Was offered a deal I could not refuse.
Dirt, I’m out of the market.  Market signals are mixed on my garbage [...]

Ryzz, this post is particularly for you, but thought the other future real estate moguls might pay a little attention. This article caught my eye. Mostly because it’s all I could afford anytime soon (renters for life), but I found the Florida and Rust Belt cities to be an interesting trend. Anyway worth a look, especially [...]

Going to an openhouse for a luxury condo here at 4pm. It sold for $230k in 2004, they have it listed for $300k. Its up for auction about 2 weeks from now. Its nice but I’d never pay $200k+ for it with a 20% down payment.
Pretty grim report out today.  Summary: existing home sales up [...]

This is so gangster on so many levels its practically inconceivable but totally genious.