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JustSayYes
ParticipantI think the condo deal is a bad trade however his view on real estate is probably based on his home which has got to have gone up substantially in value since purchase in 1996.
http://www.sdlookup.com/Property-A1506607-14098_Mango_Dr_Del_Mar_CA_92014
Here’s the patent on the surfboard. At least his condo deal is getting some free PR.
http://www.uspto.gov/web/patents/patog/week23/OG/html/1319-1/US07226329-20070605.html
ParticipantI think the condo deal is a bad trade however his view on real estate is probably based on his home which has got to have gone up substantially in value since purchase in 1996.
http://www.sdlookup.com/Property-A1506607-14098_Mango_Dr_Del_Mar_CA_92014
Here’s the patent on the surfboard. At least his condo deal is getting some free PR.
http://www.uspto.gov/web/patents/patog/week23/OG/html/1319-1/US07226329-20070605.html
ParticipantUnits are listed for sale, I like all the down arrows on this one:
ParticipantI’ve found the below very useful for watching downtown, I also get the RSS feed which shows changes that have occured
Downtown MLS Listings
http://www.sdlookup.com/MLS_Listings-24+0-DowntownDowntown Stats
http://www.sdlookup.com/Market-92101-DowntownDowntown Recent Closings
http://www.sdlookup.com/Closings-92101-DowntownParticipantAnd as soon as the economy hits any sort of slowdown that debt starts to really hurt.
I also suspect part of the rosy projects included refinancing of the debt. Wall Street is totally addicted to any prospect of a Fed rate cut. For example when is the last time your heard a Wall Street CEO, pundit or money manager call out for a rate INCREASE? It just doesn’t happen. Couple that with the fact that the structural flaw in the fractional reserve banking system is inflation.
You simply cannot create money from nothing without resulting inflation.
ParticipantAnd as soon as the economy hits any sort of slowdown that debt starts to really hurt.
I also suspect part of the rosy projects included refinancing of the debt. Wall Street is totally addicted to any prospect of a Fed rate cut. For example when is the last time your heard a Wall Street CEO, pundit or money manager call out for a rate INCREASE? It just doesn’t happen. Couple that with the fact that the structural flaw in the fractional reserve banking system is inflation.
You simply cannot create money from nothing without resulting inflation.
ParticipantSounds like Metrome to me.
ParticipantSounds like Metrome to me.
ParticipantIf you know specific addresses http://www.sdlookup.com/Closed_Sales is very useful.
ParticipantIf you know specific addresses http://www.sdlookup.com/Closed_Sales is very useful.
ParticipantI’ve followed the foreclosure situation using this page:
http://www.sdlookup.com/Foreclosures-1-San_Diego_County
It seems to me that it will always be hard to have a perfect indication of how many foreclosures are out there and I’d probably rather focus on any deals that could be had.
After you figure out the foreclosure data then your next even harder situation is to get a handle on how many mortgages are outstanding and how risky they are in terms of interest rate resets, current and original LTV.
It would seem like there will be more foreclosures in the next year regardless of how you count them.
ParticipantI’ve followed the foreclosure situation using this page:
http://www.sdlookup.com/Foreclosures-1-San_Diego_County
It seems to me that it will always be hard to have a perfect indication of how many foreclosures are out there and I’d probably rather focus on any deals that could be had.
After you figure out the foreclosure data then your next even harder situation is to get a handle on how many mortgages are outstanding and how risky they are in terms of interest rate resets, current and original LTV.
It would seem like there will be more foreclosures in the next year regardless of how you count them.
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