[The-Shoveler]

My investments have been slightly better than JPMC’s .

[The-Shoveler]

Yes I feel better now.

[The-Shoveler]

We got smoking deals at pacific sales(TV), about 3 years ago we went in for the super cheap no–name replica-Stainless steel Side-by-side frig/frz, they were sold out so they sold us a real nice whirlpool (real Stainless Steel for the same price less than $600.00).
Then last year we went in when they were moving locations (in TV) , got a Demo range and hood, as well as a demo dishwasher, and front loading washing machine including pedestal.
I am not even going to tell you what we got them for but it was a super smoking deal, way better than the frig deal even.

[The-Shoveler]

There is just too much at stake IMO, there is no way they will permit a downturn to occur in the states at this point.
By all accounts the market should have tanked big big time, given the news from Europe, the fact that it bounced I think indicates the TPTB are making sure there can be no crash allowed in the U.S.A. as we are the last straw that would break the world economies back.
The BOA announcement was timed perfectly it is a very big deal as they are only 1 of the 5 major banks starting this (there will be hundreds of thousands of loans modified by 100K or more) mostly in hard hit stated like California and Nevada.
This is big, I think they reason that once housing is stabilized and begins to bounce, The U.S.A. can take the lead and get the world economy back on track (Europe will still have a lot of work to do) but it will not be so critical once the U.S. is hitting on all cylinders.

I guess when there is too much to lose ….

[The-Shoveler]

HA!!!
I don’t quite fit the profile as I do own a few cars and I am married
Also I have a few pets.

But when the Robo-Realtor takes your Job or the Terminator comes knocking , don’t say I did not warn you.

[The-Shoveler]

Seriously you FB guys ever read “George Orwell 1984” or watched Brazil ?
I have never logged onto FB, and really never intend to at this point.

I kind of like watching mind numbing TV sometimes with channel changer in hand, (it’s an old guy thing)

FLU Nice call on vxx, well at least today.

[The-Shoveler]

Get a bucket, use it to flush the toilet, or water the plants near the house.
I knew a guy who had a flow switch for his kitchen sink, one direction watered the planter, the other the drain, depending on what he was doing with the water,
sdr, I cannot see the traffic from my house, my goal is to never leave the house unless I want to.
Internet can do that for you.
Also I would rather hike in the hills than walk to the super market really.

[The-Shoveler]

Me IMO a large part of the so called current recovery was due to the apple ibubble.
I had heard one analyst break down the numbers and if it were not for apple
the Tech sector’s earning would be negative.
Could they be timing the IPO to boost the market just as the seasonal weakness usually kicks in Just to keep it going ?

Or maybe they can keep everyone lining up to buy the latest Ibubble product for an extended indefinite period, who knows stranger things have happened.

Me I think if the facebook IPO falters, well..

[The-Shoveler]

I really was just kidding sort of about the banks,

But yea the same banks that packaged off bundles of loans to the truly clueless and then got the U.S. gov to loan money at zero interest which they invested in the carry trade and made gazillions.

But Yea those banks.
Really they do seem to be doing it.

I had heard from a bank insider, in the early years they were told, hands off any loan above 600K
so they were targeting the subprime and lower end hard and leaving the high end alone, seriously it did happen.

[The-Shoveler]

Well I am glad you are doing well sdr.
But the majority of people in the biz are suffering badly, Escrow companies etc.. , people indirectly involved like landscapers, movers, construction types and furniture makers and marketers.
I would say the segment of sellers that has a big incentive to list is fairly small,
Maybe a fair amount are choosing to move-up and not sell the current home, that would be my guess.

[The-Shoveler]

I think you are low, there are a lot of fee’s at least where I am,
closer to $100/mo

[The-Shoveler]

I love that Show, My Wife thinks I want to go into that biz but no way,
I think the only way these guys are making it is because of the money they get doing the show, I seriously doubt the stuff they are getting out of these lockers is worth anything close to what they are being bid up to on the show.
Seriously I doubt I would bid more than maybe 10 to 100 dollars on any of these lockers, Do you think the guy who left the stuff there did not know what it was worth ? (unless maybe the people died suddenly or something).

[The-Shoveler]

I think we have entered the long drawn out depressing/boring phase.
A phase where the banks trickle out foreclourusers at just the absolute right amount
(An amount that would take years for the computer deep Thought to calculate) to keep comps depressed just
Enough to discourage anyone from listing accept the widow who is forced to sell because she has to move to a nursing home.
So what you are left with is an extremely dysfunctional real-estate market where builders have little incentive to build, sellers have very little incentive to list and Buyers are left fighting over the foreclosure scrap yard of housing, and almost any biz that has to do with real-estate in a depression state.
Well have fun, this is your world.

[The-Shoveler]

Well I think it is just up to the banks at this point, unless the builders start to build and sell at foreclosure prices,
There are probably few voluntarily listing who want to list in this environment for obvious reasons I would think.
(they are underwater and just can’t, or they have no place they can buy for what they can get for the current place they would want to move to…)

But I am just repeating what everyone knows.

[The-Shoveler]

Well if we brand all SD RE as irealestate it will become much more valuable IMO.

That and get rid of the ideal that all new development should be high density,
Really any home owners here really want High Density RE across the street from their house ?
I mean really ? I don’t think I am going to voluntarily sell my house to move to a condo anytime soon how about you.
I not looking forward to anyone building a condo or apartment next door either but to each their own.

[Author]

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