tag:blogger.com,1999:blog-7514357.post8679978871275246647..comments2024-02-25T08:16:25.546-08:00Comments on Exurban Nation: 410 Avocado New Price PointRob Dawghttp://www.blogger.com/profile/10042154106850545479noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-7514357.post-90919908137938244402007-09-17T09:21:00.000-07:002007-09-17T09:21:00.000-07:00I don't think the "rent it out" strategy works eit...I don't think the "rent it out" strategy works either.<BR/><BR/>Not just house prices, but rents are dropping fast here in flyover country.<BR/><BR/>Here a 4 bedroom house that rented for $1800/month 2 years ago now costs you $1200/month.<BR/><BR/>>Asking rent is $1300 for 1700 sq ft of house.Bill in NChttps://www.blogger.com/profile/13183010395531193508noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-55327349949222564722007-09-15T01:04:00.000-07:002007-09-15T01:04:00.000-07:00One more anecdotal about the foreclosure next door...One more anecdotal about the foreclosure next door....the guy stopped his 'lawn service' and even watering the lawn a couple months before he got booted out. Why was he having his lawn 'serviced' right until almost the bitter end? He isn't crippled. He also took the family on a vacation to Disneyland one month before moving. July = Disneyland and August = foreclosed.<BR/><BR/>So in the face of financial devastation cut all housing related expenses and take the wife and 3 kids to DISNEYLAND!<BR/><BR/>God Bless America.The_Scumhttps://www.blogger.com/profile/01632318853015824013noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-13451407421369002892007-09-14T23:59:00.000-07:002007-09-14T23:59:00.000-07:00Rob, you have to keep this auction link active and...Rob, you have to keep this auction link active and available. Since you revealed the status of this eyesore pig the response has been FANTASTIC!<BR/><BR/>Clean the pig and apply lipstick, drop the pig's price, 'auction' the pig. I'm guessing the next step is fail miserably!<BR/><BR/>What a FUCKING GREAT SHOW!<BR/><BR/>On another note. I covered my DSL and LEN shorts today. Hah! Now I have to figure tax strategies and mitigation with when I sell a losing position or two (unless they become winners). I just don't trust the FED and I'm expecting rate cuts and a magical return to Goldilocks bounce.<BR/><BR/>After that RTG (return to goldilocks) bounce I'll short again and may add some CFC shorts.<BR/><BR/>And pleather? The only stock market wizard I trust is at:<BR/><BR/>www.billcara.com<BR/><BR/>Local veiw from Vegas....house next to me foreclosed last month...no pool so no mosquitos but yes the lawn is brown and crunchy, except for the weed growing where I piss on it. Occasionally people drop by the foreclosed house (once per week) but I have no idea wtf they are doing. House on the other side owned by Clownifornians as a vaction home. Had live people there for less than a month in the year I've lived here. House next to it (two down from me) was for sale when I moved here and now has a for rent sign. Owners overpaid at $300k in 2004. Asking rent is $1300 for 1700 sq ft of house. $1300 a month rent and they paid $300k but couldn't sell asking $309k for at least 8 months (maybe it was for sale longer I don't know) They are bleeding and getting fucked. The heavily sexed menstrating borrowing? There has to be a term somewhere there. A FKB...fucking kotexed borrower?<BR/><BR/><BR/>Thanks Rob! This auction is GREAT!<BR/><BR/>I'm loving it!The_Scumhttps://www.blogger.com/profile/01632318853015824013noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-84514656385632794652007-09-14T21:55:00.000-07:002007-09-14T21:55:00.000-07:00There's also something about fund managers being m...There's also something about fund managers being more concerned with promoting their funds and bringing in new money inflows (customers) than with focusing solely on maximizing gains. I don't have the stats handy but many institutional investors do worse than the indices -- in many cases an individual would be better off just putting money into an ETF. Funds that do outperform the market, like some hedge funds, need to strictly limit how much money can come in and (if they're honest) will close to new investors if they feel that they can't use maximal strategies with those excess funds. Naturally the bosses are very reluctant to ever close a fund to new investors.<BR/><BR/>I've been reading "Stock Market Wizards," ed. by Jack Schwager, which consists of a series of interviews with big-time traders with phenomenal track records. It really provides a lot of insight into the mindset required to do this kind of job.Pleather Mursehttps://www.blogger.com/profile/12128585033868187384noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-77794986380966612752007-09-14T19:49:00.000-07:002007-09-14T19:49:00.000-07:00@FCBThanksI'm actually going to see some relatives...@FCB<BR/><BR/>Thanks<BR/>I'm actually going to see some relatives in NM next week. Maybe do some real gambling at a casino lol. Good luck to you too!<BR/><BR/>@Pleather Murse<BR/><BR/>Very well said, it is our ability to get in and out of the market quickly that makes it easier for us to profit. Selling 100 shares at a certain price is one thing, selling 1 million shares moves the price.Legionhttps://www.blogger.com/profile/02121259763080959793noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-91346776904398659302007-09-14T19:04:00.000-07:002007-09-14T19:04:00.000-07:00Have you included some Feung Shey (sp) sessions?If...<I>Have you included some Feung Shey (sp) sessions?</I><BR/><BR/>If you're following the "Flipping Out" (on Bravo TV) mantra, you'll need masseuses (for yourself and your dogs), pet psychics, cat acupuncture, 2 trips to Starbucks and one to El Pollo Loco every day, and a paid staff... I'm amazed that the guy is able to stay afloat, especially when he hires people to do every bit of labor on the homes, and hires other people to run his personal errands.segfaulthttps://www.blogger.com/profile/14824952920552637135noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-55158368601888111962007-09-14T16:48:00.000-07:002007-09-14T16:48:00.000-07:00How much is your budget for fixing things besides ...How much is your budget for fixing things besides the Koi pond?<BR/><BR/>Have you included some Feung Shey (sp) sessions?Stevehttps://www.blogger.com/profile/16124145402143626931noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-55191321319633722552007-09-14T16:04:00.000-07:002007-09-14T16:04:00.000-07:00The traders have to realize that they're up agains...<I>The traders have to realize that they're up against institutional traders who have full time plus to devote to their job, and who have far more experience and--critically--far more information than the guy on the street.</I><BR/><BR/>Apples/oranges. Individual traders are not in competition with them. They are also not subject to the institutional pressures of pro traders, who often *have* to be in the market all the time or answer to their bosses. Trading one's own money and on a vastly smaller scale gives flexibility to the individual investor who can wait for the market to come to him. We can also grab opportunities that would be considered of negligible value to the big boys. When you're trading a miltibillion dollar account your picture of the market and your strategies are very different.Pleather Mursehttps://www.blogger.com/profile/12128585033868187384noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-5264977378116727142007-09-14T14:57:00.000-07:002007-09-14T14:57:00.000-07:00Legion, enjoy your gains and chime in if you start...Legion, enjoy your gains and chime in if you start trading again and I'll share my positions.<BR/><BR/>Good luck!Funny Circus Bearshttps://www.blogger.com/profile/08020349317910148048noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-73892618447169594832007-09-14T14:02:00.000-07:002007-09-14T14:02:00.000-07:00I guess you guys don't see the $23 Billion pumped ...I guess you guys don't see the $23 Billion pumped into CFC in the last two weeks as a positive. Cough.<BR/><BR/>Why don't they just do one of those round robin auctions? Worked for Casey Serin.TKhttps://www.blogger.com/profile/06415916535104824461noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-56395781653295203292007-09-14T11:57:00.000-07:002007-09-14T11:57:00.000-07:00I wonder just how much longer it will be before th...I wonder just how much longer it will be before the market figures out how serious the trouble is that CFC is in. They didn't get the clue on this last round of emergency funding (their third round); maybe when CFC goes to the market for a fourth round of emergency funding (two, three months from now?) they might start figuring it out.<BR/><BR/>And no stocks or real estate investments for me--I did the market trading thing once, but after a couple of years I essentially came out flat. The traders have to realize that they're up against institutional traders who have full time plus to devote to their job, and who have far more experience and--critically--far more information than the guy on the street. Not a balanced playing field.Peripheral Visionaryhttps://www.blogger.com/profile/02489447120517274000noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-10227962055891573862007-09-14T11:22:00.000-07:002007-09-14T11:22:00.000-07:00@RobTrading potential? CFC is going down the toil...@Rob<BR/><BR/>Trading potential? CFC is going down the toilet long term. you don't keep borrowing and borrowing to stay afloat in the hopes that things will turn around. Anyone see the similarity? CFC as an entity is acting just like all the FB's we make fun of that kept borrowing more and more, taking out equity...at some point, the ride stops, and you can't borrow anymore. When that happens...well..just take a look at all the Fb's declaring bankruptcy . CFC is already having trouble and we haven't even seen the tsunami wave of ArM borrowers on the horizon.Legionhttps://www.blogger.com/profile/02121259763080959793noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-77677443414574641462007-09-14T10:59:00.000-07:002007-09-14T10:59:00.000-07:00Jim,I didn't even bother to look at the terms. $2...Jim,<BR/>I didn't even bother to look at the terms. $20k? <BR/><BR/>Back in March I suggested absquatulation for this stage of the bubble correction. You've called the later stage I think correctly. Disintermediation. I'm just not paying clerks percentages.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-13437959479315858212007-09-14T10:56:00.001-07:002007-09-14T10:56:00.001-07:00Yeah, its all fun and games until our largest mort...Yeah, its all fun and games until our largest mortgage company jumps the shark. Then it's hilarious and profitable.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-25988694922444106882007-09-14T10:56:00.000-07:002007-09-14T10:56:00.000-07:00How about that auction company wanting to charge y...How about that auction company wanting to charge you $20,000 for the privledge of making the offer through them?<BR/><BR/>No wonder they aren't getting any bids!!!Jim the Realtorhttps://www.blogger.com/profile/16428042799393277439noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-90905913967506614142007-09-14T10:48:00.000-07:002007-09-14T10:48:00.000-07:00the whole first murst thing is sillythe whole first murst thing is sillysid_finsterhttps://www.blogger.com/profile/16373783093270055852noreply@blogger.com