[garysears]

“Here is one of Franklin Graham’s charities: http://www.samaritanspurse.org/. It looks like it does good things around the world”

I agree. I did some volunteer work with them in 2003 in Crest doing fire clean up. I was impressed. The donations I have made to disaster relief organizations have been to the Red Cross and Samaritans Purse.

[garysears]

I frequent the Calculated Risk blog. The comments over there have me convinced the cover story is just that. This was a real event caused by actual distress and amplified by computer trading.

I left my desk with DOW -350 (yahoo quote, probably delayed) to go to lunch. I paid for lunch, picked up my salad bar tray and saw CNN showed -650 or so. By the time I got through the salad bar I saw -995. Then I went to get the main dish and find a table. By the time I sat down it was -550 and climbing. This was all in the timespan of less than 5 minutes I think. No way this isn’t related to automatic computer trades but I can’t fathom automatic buy orders being set so low. The graph shows an abyss that looks to have an infinite bottom. A classic V shape straight down and up with no significant variation. I just can’t seen where all the buy orders came from so quickly.

It is a casino and I don’t want to play.

[garysears]

I frequent the Calculated Risk blog. The comments over there have me convinced the cover story is just that. This was a real event caused by actual distress and amplified by computer trading.

I left my desk with DOW -350 (yahoo quote, probably delayed) to go to lunch. I paid for lunch, picked up my salad bar tray and saw CNN showed -650 or so. By the time I got through the salad bar I saw -995. Then I went to get the main dish and find a table. By the time I sat down it was -550 and climbing. This was all in the timespan of less than 5 minutes I think. No way this isn’t related to automatic computer trades but I can’t fathom automatic buy orders being set so low. The graph shows an abyss that looks to have an infinite bottom. A classic V shape straight down and up with no significant variation. I just can’t seen where all the buy orders came from so quickly.

It is a casino and I don’t want to play.

[garysears]

I frequent the Calculated Risk blog. The comments over there have me convinced the cover story is just that. This was a real event caused by actual distress and amplified by computer trading.

I left my desk with DOW -350 (yahoo quote, probably delayed) to go to lunch. I paid for lunch, picked up my salad bar tray and saw CNN showed -650 or so. By the time I got through the salad bar I saw -995. Then I went to get the main dish and find a table. By the time I sat down it was -550 and climbing. This was all in the timespan of less than 5 minutes I think. No way this isn’t related to automatic computer trades but I can’t fathom automatic buy orders being set so low. The graph shows an abyss that looks to have an infinite bottom. A classic V shape straight down and up with no significant variation. I just can’t seen where all the buy orders came from so quickly.

It is a casino and I don’t want to play.

[garysears]

I frequent the Calculated Risk blog. The comments over there have me convinced the cover story is just that. This was a real event caused by actual distress and amplified by computer trading.

I left my desk with DOW -350 (yahoo quote, probably delayed) to go to lunch. I paid for lunch, picked up my salad bar tray and saw CNN showed -650 or so. By the time I got through the salad bar I saw -995. Then I went to get the main dish and find a table. By the time I sat down it was -550 and climbing. This was all in the timespan of less than 5 minutes I think. No way this isn’t related to automatic computer trades but I can’t fathom automatic buy orders being set so low. The graph shows an abyss that looks to have an infinite bottom. A classic V shape straight down and up with no significant variation. I just can’t seen where all the buy orders came from so quickly.

It is a casino and I don’t want to play.

[garysears]

I frequent the Calculated Risk blog. The comments over there have me convinced the cover story is just that. This was a real event caused by actual distress and amplified by computer trading.

I left my desk with DOW -350 (yahoo quote, probably delayed) to go to lunch. I paid for lunch, picked up my salad bar tray and saw CNN showed -650 or so. By the time I got through the salad bar I saw -995. Then I went to get the main dish and find a table. By the time I sat down it was -550 and climbing. This was all in the timespan of less than 5 minutes I think. No way this isn’t related to automatic computer trades but I can’t fathom automatic buy orders being set so low. The graph shows an abyss that looks to have an infinite bottom. A classic V shape straight down and up with no significant variation. I just can’t seen where all the buy orders came from so quickly.

It is a casino and I don’t want to play.

[garysears]

I’ve never considered myself a conspiracy theorist but I just can’t fathom anyone being as dumb as our would-be bomber is alleged to be.

It seems both WTC bombings were carried out by very professional, capable terrorists. Ever since then (in the U.S) the terror has been a string of bumbling failed shoe bombers, etc. and now this. I’m starting to wonder how many of the foiled attacks are just an effort to take public focus off other issues.

The timing and absurd nature of this guy’s non plan is astounding. Is it a coincidence this happened immediately after the unprecedented oil spill? How is it we know so much about this guy’s motivation if there is a criminal investigation going on? Probably this guy really is that dumb, but I’m not 100% excluding the possibility of a government con job here.

Full disclosure: I don’t believe the “fat finger” cover story for today’s stock market panic. That was obviously floated to con the public, is absurd on its face, and doesn’t account for the snap back at 1000 down or stress leading up to the event in other financial markets. It is becoming increasingly difficult for me to recognize government/media collusion and B.S. in finances and economics without questioning government/media stories in other areas.

Instant answers in our age of instant information should be considered suspect. We know too much too quickly for my comfort here.

[garysears]

I’ve never considered myself a conspiracy theorist but I just can’t fathom anyone being as dumb as our would-be bomber is alleged to be.

It seems both WTC bombings were carried out by very professional, capable terrorists. Ever since then (in the U.S) the terror has been a string of bumbling failed shoe bombers, etc. and now this. I’m starting to wonder how many of the foiled attacks are just an effort to take public focus off other issues.

The timing and absurd nature of this guy’s non plan is astounding. Is it a coincidence this happened immediately after the unprecedented oil spill? How is it we know so much about this guy’s motivation if there is a criminal investigation going on? Probably this guy really is that dumb, but I’m not 100% excluding the possibility of a government con job here.

Full disclosure: I don’t believe the “fat finger” cover story for today’s stock market panic. That was obviously floated to con the public, is absurd on its face, and doesn’t account for the snap back at 1000 down or stress leading up to the event in other financial markets. It is becoming increasingly difficult for me to recognize government/media collusion and B.S. in finances and economics without questioning government/media stories in other areas.

Instant answers in our age of instant information should be considered suspect. We know too much too quickly for my comfort here.

[garysears]

I’ve never considered myself a conspiracy theorist but I just can’t fathom anyone being as dumb as our would-be bomber is alleged to be.

It seems both WTC bombings were carried out by very professional, capable terrorists. Ever since then (in the U.S) the terror has been a string of bumbling failed shoe bombers, etc. and now this. I’m starting to wonder how many of the foiled attacks are just an effort to take public focus off other issues.

The timing and absurd nature of this guy’s non plan is astounding. Is it a coincidence this happened immediately after the unprecedented oil spill? How is it we know so much about this guy’s motivation if there is a criminal investigation going on? Probably this guy really is that dumb, but I’m not 100% excluding the possibility of a government con job here.

Full disclosure: I don’t believe the “fat finger” cover story for today’s stock market panic. That was obviously floated to con the public, is absurd on its face, and doesn’t account for the snap back at 1000 down or stress leading up to the event in other financial markets. It is becoming increasingly difficult for me to recognize government/media collusion and B.S. in finances and economics without questioning government/media stories in other areas.

Instant answers in our age of instant information should be considered suspect. We know too much too quickly for my comfort here.

[garysears]

I’ve never considered myself a conspiracy theorist but I just can’t fathom anyone being as dumb as our would-be bomber is alleged to be.

It seems both WTC bombings were carried out by very professional, capable terrorists. Ever since then (in the U.S) the terror has been a string of bumbling failed shoe bombers, etc. and now this. I’m starting to wonder how many of the foiled attacks are just an effort to take public focus off other issues.

The timing and absurd nature of this guy’s non plan is astounding. Is it a coincidence this happened immediately after the unprecedented oil spill? How is it we know so much about this guy’s motivation if there is a criminal investigation going on? Probably this guy really is that dumb, but I’m not 100% excluding the possibility of a government con job here.

Full disclosure: I don’t believe the “fat finger” cover story for today’s stock market panic. That was obviously floated to con the public, is absurd on its face, and doesn’t account for the snap back at 1000 down or stress leading up to the event in other financial markets. It is becoming increasingly difficult for me to recognize government/media collusion and B.S. in finances and economics without questioning government/media stories in other areas.

Instant answers in our age of instant information should be considered suspect. We know too much too quickly for my comfort here.

[garysears]

I’ve never considered myself a conspiracy theorist but I just can’t fathom anyone being as dumb as our would-be bomber is alleged to be.

It seems both WTC bombings were carried out by very professional, capable terrorists. Ever since then (in the U.S) the terror has been a string of bumbling failed shoe bombers, etc. and now this. I’m starting to wonder how many of the foiled attacks are just an effort to take public focus off other issues.

The timing and absurd nature of this guy’s non plan is astounding. Is it a coincidence this happened immediately after the unprecedented oil spill? How is it we know so much about this guy’s motivation if there is a criminal investigation going on? Probably this guy really is that dumb, but I’m not 100% excluding the possibility of a government con job here.

Full disclosure: I don’t believe the “fat finger” cover story for today’s stock market panic. That was obviously floated to con the public, is absurd on its face, and doesn’t account for the snap back at 1000 down or stress leading up to the event in other financial markets. It is becoming increasingly difficult for me to recognize government/media collusion and B.S. in finances and economics without questioning government/media stories in other areas.

Instant answers in our age of instant information should be considered suspect. We know too much too quickly for my comfort here.

[garysears]

I’m not an investor but I think the pros shy away from SFRs as rentals in general due to higher maintenance costs. MFRs have the advantage of centralized systems to maintain, driving the cost per unit down.

On the current market, I suspect the bottom has passed at the low end but I can’t be certain. Everyone should know by now the current bounce is 100% contingent on availability of cheap money and government intervention. The reason prices bottomed so hard was due partly to few available qualified borrowers for the terms required to get the money. This was combined by an initial willingness by banks to foreclose quickly and process REOs. All that was during and shortly after the “credit freeze” the markets suffered in 2008. Then government stepped in and changed everything…for now at least.

It is still a 2 tier market. Cash is king and properties that will not go FHA or are not conforming will probably be scooped by an all cash flipper who will rehab to meet the minimum requirements to get the governments loans, then flip to the minimal money down buyers.

I saw an example of this across the street in the neighborhood where I’m buying. An investor paid $175k in June 2009 and sold for $400k in December 2009. Until cash buying flipper margins go down, it seems there is room for more declines. Posters have commented here that at the auctions crazy all cash flippers are bidding up properties, putting the profitability of the deals in question. That is what tells me the bottom may have passed for this cycle. Real estate in San Diego is a magnet for hot money again.

Qualified 20% down buyers really don’t seem to exist at the low end. No one can say what will happen because fundamentals are out of play and the rules seem to change daily. It is depends on getting free or cheap money to borrowers. If any sort of old school lending standards come back, look out below!

[garysears]

I’m not an investor but I think the pros shy away from SFRs as rentals in general due to higher maintenance costs. MFRs have the advantage of centralized systems to maintain, driving the cost per unit down.

On the current market, I suspect the bottom has passed at the low end but I can’t be certain. Everyone should know by now the current bounce is 100% contingent on availability of cheap money and government intervention. The reason prices bottomed so hard was due partly to few available qualified borrowers for the terms required to get the money. This was combined by an initial willingness by banks to foreclose quickly and process REOs. All that was during and shortly after the “credit freeze” the markets suffered in 2008. Then government stepped in and changed everything…for now at least.

It is still a 2 tier market. Cash is king and properties that will not go FHA or are not conforming will probably be scooped by an all cash flipper who will rehab to meet the minimum requirements to get the governments loans, then flip to the minimal money down buyers.

I saw an example of this across the street in the neighborhood where I’m buying. An investor paid $175k in June 2009 and sold for $400k in December 2009. Until cash buying flipper margins go down, it seems there is room for more declines. Posters have commented here that at the auctions crazy all cash flippers are bidding up properties, putting the profitability of the deals in question. That is what tells me the bottom may have passed for this cycle. Real estate in San Diego is a magnet for hot money again.

Qualified 20% down buyers really don’t seem to exist at the low end. No one can say what will happen because fundamentals are out of play and the rules seem to change daily. It is depends on getting free or cheap money to borrowers. If any sort of old school lending standards come back, look out below!

[garysears]

I’m not an investor but I think the pros shy away from SFRs as rentals in general due to higher maintenance costs. MFRs have the advantage of centralized systems to maintain, driving the cost per unit down.

On the current market, I suspect the bottom has passed at the low end but I can’t be certain. Everyone should know by now the current bounce is 100% contingent on availability of cheap money and government intervention. The reason prices bottomed so hard was due partly to few available qualified borrowers for the terms required to get the money. This was combined by an initial willingness by banks to foreclose quickly and process REOs. All that was during and shortly after the “credit freeze” the markets suffered in 2008. Then government stepped in and changed everything…for now at least.

It is still a 2 tier market. Cash is king and properties that will not go FHA or are not conforming will probably be scooped by an all cash flipper who will rehab to meet the minimum requirements to get the governments loans, then flip to the minimal money down buyers.

I saw an example of this across the street in the neighborhood where I’m buying. An investor paid $175k in June 2009 and sold for $400k in December 2009. Until cash buying flipper margins go down, it seems there is room for more declines. Posters have commented here that at the auctions crazy all cash flippers are bidding up properties, putting the profitability of the deals in question. That is what tells me the bottom may have passed for this cycle. Real estate in San Diego is a magnet for hot money again.

Qualified 20% down buyers really don’t seem to exist at the low end. No one can say what will happen because fundamentals are out of play and the rules seem to change daily. It is depends on getting free or cheap money to borrowers. If any sort of old school lending standards come back, look out below!

[garysears]

I’m not an investor but I think the pros shy away from SFRs as rentals in general due to higher maintenance costs. MFRs have the advantage of centralized systems to maintain, driving the cost per unit down.

On the current market, I suspect the bottom has passed at the low end but I can’t be certain. Everyone should know by now the current bounce is 100% contingent on availability of cheap money and government intervention. The reason prices bottomed so hard was due partly to few available qualified borrowers for the terms required to get the money. This was combined by an initial willingness by banks to foreclose quickly and process REOs. All that was during and shortly after the “credit freeze” the markets suffered in 2008. Then government stepped in and changed everything…for now at least.

It is still a 2 tier market. Cash is king and properties that will not go FHA or are not conforming will probably be scooped by an all cash flipper who will rehab to meet the minimum requirements to get the governments loans, then flip to the minimal money down buyers.

I saw an example of this across the street in the neighborhood where I’m buying. An investor paid $175k in June 2009 and sold for $400k in December 2009. Until cash buying flipper margins go down, it seems there is room for more declines. Posters have commented here that at the auctions crazy all cash flippers are bidding up properties, putting the profitability of the deals in question. That is what tells me the bottom may have passed for this cycle. Real estate in San Diego is a magnet for hot money again.

Qualified 20% down buyers really don’t seem to exist at the low end. No one can say what will happen because fundamentals are out of play and the rules seem to change daily. It is depends on getting free or cheap money to borrowers. If any sort of old school lending standards come back, look out below!

[Author]

Posts