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May 30, 2007 at 1:04 PM in reply to: 4S ranch Silhouette starts to sell model homes! will it stop selling future houses?? #55565
Cow_tipping
ParticipantOK I still didn’t read the article … cos I didn’t log in from home last night. Anyway he didn’t leave them water ??? Bad, what a pig no pun intended. Anyway, I doubt he’d be charged with vandalism, but animal cruelty now looks possible. Its his house, I doubt he broke in and put the pigs there after he was evicted after foreclosure. Till that happens its still his house. He could well claim that he grew up with pigs (the comment made to someone else will run counter to that if that someone will come up as a witness for the prosecution that is).
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Srinath.ParticipantOK I still didn’t read the article … cos I didn’t log in from home last night. Anyway he didn’t leave them water ??? Bad, what a pig no pun intended. Anyway, I doubt he’d be charged with vandalism, but animal cruelty now looks possible. Its his house, I doubt he broke in and put the pigs there after he was evicted after foreclosure. Till that happens its still his house. He could well claim that he grew up with pigs (the comment made to someone else will run counter to that if that someone will come up as a witness for the prosecution that is).
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Srinath.ParticipantOK I haven’t seen that article … cannot do it from work y’know. But OK if that is the case its going to be bad for him. But Animal cruelty – prolly not for just putting pigs in a house.
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cow_tipping.ParticipantOK I haven’t seen that article … cannot do it from work y’know. But OK if that is the case its going to be bad for him. But Animal cruelty – prolly not for just putting pigs in a house.
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cow_tipping.ParticipantI cannot wait for that to happen. And believe me it will.
Banks will start carrying a large flip binder or a wall mounted list and you have your way with it, till there is no way you’d get credit. Then buy with cash, what you have in your pockets.
Credit crunch is such a huge downer for any market. Cannot wait till it really really takes hold. Along with 10% interest rates.
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Cow_tipping.ParticipantI cannot wait for that to happen. And believe me it will.
Banks will start carrying a large flip binder or a wall mounted list and you have your way with it, till there is no way you’d get credit. Then buy with cash, what you have in your pockets.
Credit crunch is such a huge downer for any market. Cannot wait till it really really takes hold. Along with 10% interest rates.
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Cow_tipping.ParticipantIts not animal cruelty … how is them sitting in an AC house with carpeting and hardwood floors cruelty. OK if they weren’t fed … OK fine. Or they were trapped more than they will ahve been in an outside sty OK its cruelty.
Now for the house itself, I doubt he will get charged at all, he may just say, that’s how he lives normally, and foreclosure or no foreclosure, he keeps his pigs in the house. I know of dogs trashing a 400K house … if it wasn’t trashed it would have been a 800K house. Is that a crime ??? I’d say no. Too bad they sold it to a pig farmer without income verification or documentation about his employment and life.
BTW isn’t the pig the mascot of the central CA valley ???
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Cow_tipping.ParticipantIts not animal cruelty … how is them sitting in an AC house with carpeting and hardwood floors cruelty. OK if they weren’t fed … OK fine. Or they were trapped more than they will ahve been in an outside sty OK its cruelty.
Now for the house itself, I doubt he will get charged at all, he may just say, that’s how he lives normally, and foreclosure or no foreclosure, he keeps his pigs in the house. I know of dogs trashing a 400K house … if it wasn’t trashed it would have been a 800K house. Is that a crime ??? I’d say no. Too bad they sold it to a pig farmer without income verification or documentation about his employment and life.
BTW isn’t the pig the mascot of the central CA valley ???
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Cow_tipping.ParticipantForeclosures – there is some sorta glamour about it now a days. Its the new “fluff and flip” where the new clowns think they can throw on a coat of paint and sell it for 20% more than what the previous clown tried to sell it for.
Wait till banks have a hige stack of properties hanging on the wall and credit rules so tight that you toss in a peiece of coal and it comes back as a diamond. Then walk in with 10-20% of previous list price in cash and walk out with the title deed.
Dont think that will happen … it did in 96-97 in sacramento. I was there, just didnt have the 40K or so needed to buy one in my favorite greenhaven area.
I’d do elk grove now cos I’d rather have a newer house without lead and asbestos in it than old, even if its cookie cutter.
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Cow_tipping.ParticipantForeclosures – there is some sorta glamour about it now a days. Its the new “fluff and flip” where the new clowns think they can throw on a coat of paint and sell it for 20% more than what the previous clown tried to sell it for.
Wait till banks have a hige stack of properties hanging on the wall and credit rules so tight that you toss in a peiece of coal and it comes back as a diamond. Then walk in with 10-20% of previous list price in cash and walk out with the title deed.
Dont think that will happen … it did in 96-97 in sacramento. I was there, just didnt have the 40K or so needed to buy one in my favorite greenhaven area.
I’d do elk grove now cos I’d rather have a newer house without lead and asbestos in it than old, even if its cookie cutter.
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Cow_tipping.ParticipantYes yes yes … I knew it.
The shorting is what is causing the market to not crash.
The experienced hands (institutional managers) are short the stock in their hedge funds and are holding the equity in their mutual funds (they are 80+% of the equity and 90+ on options BTW) and they buy more shorts when bad news comes out and dont run and sell the equity in a panic.
That makes equity prices apparently shrug off bad news and option prices go through the roof. So options for shorting get more $$$ and the law of dimnishing returns takes over.
I believe this is the first time we are having a likely market crash stemmed by options. 87 crash had so little options, post 9/11 was an inevitable crash but options traders made like bandits on their shorts cos there was some serious bracing for armageddon after the .com crash a few months prior. The lessons from then are being put to use now. I’d anticipate the mutual funds to dump the stock ~2-3 weeks before their put options expire and their puts will be worth more when they mature. However since they can hold 3 months out, 4 months out or year out puts, we never know. So can you say crash in slo mo … yup.
However house prices will crash fast when the stock prices seem to hold up in spite of all the bad news.
Cool.
Cow_tipping.ParticipantYes yes yes … I knew it.
The shorting is what is causing the market to not crash.
The experienced hands (institutional managers) are short the stock in their hedge funds and are holding the equity in their mutual funds (they are 80+% of the equity and 90+ on options BTW) and they buy more shorts when bad news comes out and dont run and sell the equity in a panic.
That makes equity prices apparently shrug off bad news and option prices go through the roof. So options for shorting get more $$$ and the law of dimnishing returns takes over.
I believe this is the first time we are having a likely market crash stemmed by options. 87 crash had so little options, post 9/11 was an inevitable crash but options traders made like bandits on their shorts cos there was some serious bracing for armageddon after the .com crash a few months prior. The lessons from then are being put to use now. I’d anticipate the mutual funds to dump the stock ~2-3 weeks before their put options expire and their puts will be worth more when they mature. However since they can hold 3 months out, 4 months out or year out puts, we never know. So can you say crash in slo mo … yup.
However house prices will crash fast when the stock prices seem to hold up in spite of all the bad news.
Cool.
Cow_tipping.Participant2675 sqft at 399K and the builder is still clearing over 100K easy … easy peasy. They can cut it to 250K before feeling any pain at all I’ll bet. And guess what, that’s exactly where its going.
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Cow_tipping.Participant2675 sqft at 399K and the builder is still clearing over 100K easy … easy peasy. They can cut it to 250K before feeling any pain at all I’ll bet. And guess what, that’s exactly where its going.
Cool.
Cow_tipping. -
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