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peterb
ParticipantIn the early 1990’s I knew someone who did quick remodels for REO’s that were about to be put on the market…paint, carpet, landscape type work. He said that there was a standing policy that every couple of weeks they would just knock $5K or $10K off the price until it sold. None became rentals. He said that people would low ball, get rejected and then 6 weeks later the banks were comming back to the offeror to see if they still wanted to buy!!
ParticipantIn the early 1990’s I knew someone who did quick remodels for REO’s that were about to be put on the market…paint, carpet, landscape type work. He said that there was a standing policy that every couple of weeks they would just knock $5K or $10K off the price until it sold. None became rentals. He said that people would low ball, get rejected and then 6 weeks later the banks were comming back to the offeror to see if they still wanted to buy!!
ParticipantIn the early 1990’s I knew someone who did quick remodels for REO’s that were about to be put on the market…paint, carpet, landscape type work. He said that there was a standing policy that every couple of weeks they would just knock $5K or $10K off the price until it sold. None became rentals. He said that people would low ball, get rejected and then 6 weeks later the banks were comming back to the offeror to see if they still wanted to buy!!
ParticipantIn the early 1990’s I knew someone who did quick remodels for REO’s that were about to be put on the market…paint, carpet, landscape type work. He said that there was a standing policy that every couple of weeks they would just knock $5K or $10K off the price until it sold. None became rentals. He said that people would low ball, get rejected and then 6 weeks later the banks were comming back to the offeror to see if they still wanted to buy!!
March 16, 2008 at 8:55 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171237ParticipantYup, looks like gold is being unloaded. 🙂 I’m no gold expert, but the research I’ve done actually points to it responding very positively during financial panics and much less during “normal” inflationary periods…eventhough it’s so commonly thought of as a hedge against inflation.
Seems like the last time this happened, the Japanese fired up the printing presses and got the Yen back down. I think that still works. Stay tuned.
March 16, 2008 at 8:55 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171569ParticipantYup, looks like gold is being unloaded. 🙂 I’m no gold expert, but the research I’ve done actually points to it responding very positively during financial panics and much less during “normal” inflationary periods…eventhough it’s so commonly thought of as a hedge against inflation.
Seems like the last time this happened, the Japanese fired up the printing presses and got the Yen back down. I think that still works. Stay tuned.
March 16, 2008 at 8:55 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171574ParticipantYup, looks like gold is being unloaded. 🙂 I’m no gold expert, but the research I’ve done actually points to it responding very positively during financial panics and much less during “normal” inflationary periods…eventhough it’s so commonly thought of as a hedge against inflation.
Seems like the last time this happened, the Japanese fired up the printing presses and got the Yen back down. I think that still works. Stay tuned.
March 16, 2008 at 8:55 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171594ParticipantYup, looks like gold is being unloaded. 🙂 I’m no gold expert, but the research I’ve done actually points to it responding very positively during financial panics and much less during “normal” inflationary periods…eventhough it’s so commonly thought of as a hedge against inflation.
Seems like the last time this happened, the Japanese fired up the printing presses and got the Yen back down. I think that still works. Stay tuned.
March 16, 2008 at 8:55 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171676ParticipantYup, looks like gold is being unloaded. 🙂 I’m no gold expert, but the research I’ve done actually points to it responding very positively during financial panics and much less during “normal” inflationary periods…eventhough it’s so commonly thought of as a hedge against inflation.
Seems like the last time this happened, the Japanese fired up the printing presses and got the Yen back down. I think that still works. Stay tuned.
March 16, 2008 at 8:01 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171197ParticipantKeep a close eye on gold prices tomorrow. Gold loves a financial panic and this one is of epic size.
March 16, 2008 at 8:01 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171530ParticipantKeep a close eye on gold prices tomorrow. Gold loves a financial panic and this one is of epic size.
March 16, 2008 at 8:01 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171536ParticipantKeep a close eye on gold prices tomorrow. Gold loves a financial panic and this one is of epic size.
March 16, 2008 at 8:01 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171554ParticipantKeep a close eye on gold prices tomorrow. Gold loves a financial panic and this one is of epic size.
March 16, 2008 at 8:01 PM in reply to: Japan stocks fall over 3 percent, credit worries persist #171635ParticipantKeep a close eye on gold prices tomorrow. Gold loves a financial panic and this one is of epic size.
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