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November 28, 2009 at 3:22 AM in reply to: Interesting E-mail between National Real Estate Market Financiers/Investors (Gloomy) #487515November 28, 2009 at 3:22 AM in reply to: Interesting E-mail between National Real Estate Market Financiers/Investors (Gloomy) #487680
analyst
Participant[quote=Adebisi]LMAO at the 100-year-old managers who don’t get Twitter. I’m currently consorting with 20 other traders on Twitter and the speed and quality of the information is amazing. [/quote]
Traders are parasites, who (if they succeed) siphon money out of the productive economy without earning it. Improving their methods is a negative, not a positive, for the nation as a whole.
November 28, 2009 at 3:22 AM in reply to: Interesting E-mail between National Real Estate Market Financiers/Investors (Gloomy) #488063analyst
Participant[quote=Adebisi]LMAO at the 100-year-old managers who don’t get Twitter. I’m currently consorting with 20 other traders on Twitter and the speed and quality of the information is amazing. [/quote]
Traders are parasites, who (if they succeed) siphon money out of the productive economy without earning it. Improving their methods is a negative, not a positive, for the nation as a whole.
November 28, 2009 at 3:22 AM in reply to: Interesting E-mail between National Real Estate Market Financiers/Investors (Gloomy) #488149analyst
Participant[quote=Adebisi]LMAO at the 100-year-old managers who don’t get Twitter. I’m currently consorting with 20 other traders on Twitter and the speed and quality of the information is amazing. [/quote]
Traders are parasites, who (if they succeed) siphon money out of the productive economy without earning it. Improving their methods is a negative, not a positive, for the nation as a whole.
November 28, 2009 at 3:22 AM in reply to: Interesting E-mail between National Real Estate Market Financiers/Investors (Gloomy) #488380analyst
Participant[quote=Adebisi]LMAO at the 100-year-old managers who don’t get Twitter. I’m currently consorting with 20 other traders on Twitter and the speed and quality of the information is amazing. [/quote]
Traders are parasites, who (if they succeed) siphon money out of the productive economy without earning it. Improving their methods is a negative, not a positive, for the nation as a whole.
November 22, 2009 at 5:00 PM in reply to: higher end doing better than low end in SD currently? #485515analyst
ParticipantFor reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
November 22, 2009 at 5:00 PM in reply to: higher end doing better than low end in SD currently? #485682analyst
ParticipantFor reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
November 22, 2009 at 5:00 PM in reply to: higher end doing better than low end in SD currently? #486055analyst
ParticipantFor reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
November 22, 2009 at 5:00 PM in reply to: higher end doing better than low end in SD currently? #486140analyst
ParticipantFor reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
November 22, 2009 at 5:00 PM in reply to: higher end doing better than low end in SD currently? #486369analyst
ParticipantFor reasons referred to in the original post, there are serious problems with median prices as an indicator of market price trends.
Those wanting an accurate assessment of market price trends will pay absolutely no attention to them, and instead spend their time analysing comparable-house price changes over time (a much more difficult thing to do, but the only method that will yield any useful information).
November 18, 2009 at 12:32 PM in reply to: When does it make financial sense to just dump your house??? #483997analyst
Participant[quote=23109VC]
but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]
Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.
If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.
In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.
While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.
—–
USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.
Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.
November 18, 2009 at 12:32 PM in reply to: When does it make financial sense to just dump your house??? #484165analyst
Participant[quote=23109VC]
but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]
Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.
If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.
In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.
While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.
—–
USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.
Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.
November 18, 2009 at 12:32 PM in reply to: When does it make financial sense to just dump your house??? #484537analyst
Participant[quote=23109VC]
but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]
Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.
If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.
In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.
While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.
—–
USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.
Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.
November 18, 2009 at 12:32 PM in reply to: When does it make financial sense to just dump your house??? #484622analyst
Participant[quote=23109VC]
but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]
Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.
If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.
In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.
While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.
—–
USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.
Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.
November 18, 2009 at 12:32 PM in reply to: When does it make financial sense to just dump your house??? #484850analyst
Participant[quote=23109VC]
but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]
Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.
If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.
In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.
While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.
—–
USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.
Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.
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