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no_such_reality
ParticipantHow can you like QQQ better ????
Palm is an individual stock, kind of like buying a home from a flip this house episode that used bleach water to clean mold covered walls and later discovered that there’s still mold and the foundation is cracked. Perhaps that would be Enron…
QQQ on the other hand, is the cream of the NASDAQ crop, like the best neighborhoods of San Diego. It’s still completely toasted. They aren’t companies that failed, they’re still the best, they’re just worth 1/3rd of what they were in the dot com bubble.
no_such_reality
ParticipantI like this one better HLS. QQQ
It’s been seven years and it’s rebounded with prices doubling in the last four and half years; It is still only worth a smidgeon over 1/3 of what it was at peak.
no_such_reality
ParticipantI like this one better HLS. QQQ
It’s been seven years and it’s rebounded with prices doubling in the last four and half years; It is still only worth a smidgeon over 1/3 of what it was at peak.
no_such_reality
ParticipantI like this one better HLS. QQQ
It’s been seven years and it’s rebounded with prices doubling in the last four and half years; It is still only worth a smidgeon over 1/3 of what it was at peak.
no_such_reality
ParticipantThese shows are just starting to feel the effects of the bust. Most will be gone in a year.
Actually they won’t, but maybe people will get a clue to what real flipping/rehab is. Basically, many of the shows are going back to following Pros. Teams of people, short times, basic repairs, nothing grandieose.
The one I saw last night as in New Haven, they bought for like $160K, put $30K in over three weeks (new windows, appliances, bath, asphalt drive, landscaping, paint, strip and seal wood floors, tile laminate [cool looking stuff btw, think Pergo but tile], paint throughout etc. 2.5% realtor coop and potentially out.
But basically, all that, for $25-30K profit, for six people, one a Realtor working this and other properties.
no_such_reality
ParticipantThese shows are just starting to feel the effects of the bust. Most will be gone in a year.
Actually they won’t, but maybe people will get a clue to what real flipping/rehab is. Basically, many of the shows are going back to following Pros. Teams of people, short times, basic repairs, nothing grandieose.
The one I saw last night as in New Haven, they bought for like $160K, put $30K in over three weeks (new windows, appliances, bath, asphalt drive, landscaping, paint, strip and seal wood floors, tile laminate [cool looking stuff btw, think Pergo but tile], paint throughout etc. 2.5% realtor coop and potentially out.
But basically, all that, for $25-30K profit, for six people, one a Realtor working this and other properties.
no_such_reality
ParticipantThese shows are just starting to feel the effects of the bust. Most will be gone in a year.
Actually they won’t, but maybe people will get a clue to what real flipping/rehab is. Basically, many of the shows are going back to following Pros. Teams of people, short times, basic repairs, nothing grandieose.
The one I saw last night as in New Haven, they bought for like $160K, put $30K in over three weeks (new windows, appliances, bath, asphalt drive, landscaping, paint, strip and seal wood floors, tile laminate [cool looking stuff btw, think Pergo but tile], paint throughout etc. 2.5% realtor coop and potentially out.
But basically, all that, for $25-30K profit, for six people, one a Realtor working this and other properties.
no_such_reality
ParticipantI think I am missing something.
Yep, it’s called an exit strategy. They close shop, eliminate all the documentation, people and records, and it makes it really much harder to get sued.
no_such_reality
ParticipantI think I am missing something.
Yep, it’s called an exit strategy. They close shop, eliminate all the documentation, people and records, and it makes it really much harder to get sued.
no_such_reality
ParticipantOne year or two makes a huge difference on origination fees versus rate effects particularly on $400K loan or so. Also, keep in mind, the market is neurotic at the moment. 1 yr ARM has the same payments (fees rolled in) as 3 year ARM which has about a $10 difference on 5 year ARM. Scarily, a 5 year IO is actually has a lower rate and fees according to bankrate.com than a 1yr ARM.
Of course, this is fluid time and those are going to whipsaw around over the next couple weeks if not disappear overnight.
Shop carefully.
no_such_reality
ParticipantOne year or two makes a huge difference on origination fees versus rate effects particularly on $400K loan or so. Also, keep in mind, the market is neurotic at the moment. 1 yr ARM has the same payments (fees rolled in) as 3 year ARM which has about a $10 difference on 5 year ARM. Scarily, a 5 year IO is actually has a lower rate and fees according to bankrate.com than a 1yr ARM.
Of course, this is fluid time and those are going to whipsaw around over the next couple weeks if not disappear overnight.
Shop carefully.
no_such_reality
ParticipantIf serious measures are enacted it might be to fix ills as serious or worse than hyper- inflation and stabilize/stimulate or in other words rescue the economy.
IF we need the New Deal II, we’ll need the New Deal II, however, since nobody has put that plan together yet and everybody is basically talking about meddling via throwing piles of money at defaulting home borrowers, I’ll stand by my gut instinct the result for housing and economy for a Governmental solution to the foreclosure problem will be the same result as for the I-35 bridge for government solution to a “spontaneous” collapse of another bridge in Cleveland in 1983.
As for 7 million people losing their homes, I say baloney. 7 million homes will be lost, but again, looking at the investment schemes, I see a million Casey Serin’s and Murrieta Investors and not seven million families.
Yes a lot of families will be upside down, but, they’ll have to move on. Any solution attempting to maintain their home price actually is worse for them.
The sound-bite solution be grand-standed by the Pols will do nothing but prop housing prices at their current level. They will do nothing to maintain the economy since the economy is driving by the jobs and spending and debt of a housing market appreciating at 20%/yr. Without it, the mortgage volume will stay at or below it’s current half rate, home sales remain at the 50% down from peak rate and equity spending on restuarants, cars, electronics all dries up even if housing prices are propped up.
no_such_reality
ParticipantIf serious measures are enacted it might be to fix ills as serious or worse than hyper- inflation and stabilize/stimulate or in other words rescue the economy.
IF we need the New Deal II, we’ll need the New Deal II, however, since nobody has put that plan together yet and everybody is basically talking about meddling via throwing piles of money at defaulting home borrowers, I’ll stand by my gut instinct the result for housing and economy for a Governmental solution to the foreclosure problem will be the same result as for the I-35 bridge for government solution to a “spontaneous” collapse of another bridge in Cleveland in 1983.
As for 7 million people losing their homes, I say baloney. 7 million homes will be lost, but again, looking at the investment schemes, I see a million Casey Serin’s and Murrieta Investors and not seven million families.
Yes a lot of families will be upside down, but, they’ll have to move on. Any solution attempting to maintain their home price actually is worse for them.
The sound-bite solution be grand-standed by the Pols will do nothing but prop housing prices at their current level. They will do nothing to maintain the economy since the economy is driving by the jobs and spending and debt of a housing market appreciating at 20%/yr. Without it, the mortgage volume will stay at or below it’s current half rate, home sales remain at the 50% down from peak rate and equity spending on restuarants, cars, electronics all dries up even if housing prices are propped up.
no_such_reality
ParticipantAny meddling to maintain the prices will result in hyperinflation. In also results in punishing anybody that didn’t participate in an irrational market.
The chips need to fall where they fall without an attempt to artificially maintain an unsustainable situation.
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