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*shudder*

Deeee-TROIT. Nothx — it would depress me way too much to have to go there. Money is no good if you feel like taking a .45 cal lollipop every time you’re making it.

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Wait? This is a real-estate forum? :p

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Hopefully, I’ll get the short-sold condo that I’m accepted on — then I’ll be on here even more b**ching about tenants 🙂

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Horseshit — the bubble basically didn’t happen in markets where 20% down was required (i.e. Texas). It was gov’t-encouraged bank lending run amuk.

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I’m sure most renters would prefer doing the maintenance on their *own* properties, instead; but they’re stuck in rentals because “investors” have pushed prices up so high for dwelling units they didn’t build and have no personal use for.

Actually, the last bubble was created by the government easing restrictions on mortgages TO OWNER-OCCUPANTS, *not investors.* The reason that investors are buying now is that property is actually comparatively cheap in relation to rents.

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If you own a small business or are sole proprietor, does Freelancer’s Union have any plans in CA?

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All cash is fine by me.

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The hotel auctions are *not* REOs, though they sometimes sell REOs on the same day. They’re listed as “trustee” auctions.

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Yep, would have been cheaper to extend Medicare to middle-income folk and/or go single-payer. But Congress and Obama chose to suck the schweens of the private insurance companies and come up with a mongrel hybrid.

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Here’s hoping for a short-term recession/unravelment! Chaos breeds opportunity.

(And we survived similar things in summer 2010, summer-fall 2011 quite well — created more fear than actual danger.)

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SDR –
* If NYC and DC would rise long-term, it would be good for me.
* If NJ (as it is) and SD (as it isn’t) decline, and DC declines short-term, it would be good for me. Can’t predict anything, but here’s hoping nonetheless! Personally, Europe screwing up some more COMBINED with a sequester would be pretty much the ideal short-term scenario for me.

(Not to mention that I’m going to Italy for a few weeks this summer, so a cheap Euro would be nice.)

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Of course not, Mr. Permabull. Oh well, it should fvck D.C., if only for a brief period, which also won’t necessarily go badly for me.

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Seems the r.e. market tone in SoCal has followed the stock market over the last few years. Anyway, here’s hoping for the sequester!!!

[spdrun]

Good. Should correct the recent insanity with R.E. prices, though unfortunately foreclosing on military people is hard even if they richly deserve it.

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