Recent content by Bazooka

I see what you are saying. It seems to me though, that ALD has two BIG problems, the lesser of which is they are being investigated for "pretexting", and the larger of which is the alledged fraud on guaranteed loans. I can't say if there is any truth to any of this, and even if there is, the...

Does anyone know what' s goin on with this company? Enormous short positions in it, gov't inquiries, investigations, etc; yet Motley Fools rate it very highly. Maybe a straddle here?:confused:

Yes, yes, all real estate is local and nationally it might be great. I will let people in Ca or Az speak to their environment, but here in SW Florida its just one disaster after another, see http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20070131/BUSINESS/701310325/-1/xml re 484...

That url didn't work, but you can check it out on Bloomberg's 2/1/2007 web site, look for the article on: "Housing Threatened by Defaults in Sub-Prime Mortgage Market "

Take a look at this article on today's Bloomberg web site: http://www.bloomberg.com/apps/newspid=20601109&sid=aNoc4LFUSOKw&refer=home It's a long article, and I suppose nothing new, but it does indicate that some of the worst fears of these things are starting to happen.

On this topic I always come back to the same old saw: "All real estate is local". So many of us in Cafifornia and Florida see nothing locally but disaster while those in the mid-west might see a more benign environment. Still, across the country this is a highly leveraged asset, and any increase...

I suspect that both California and Florida are the states with the greatest speculative excesses and will be the states with the biggest real estate problems. I can say that here in SW florida, the most common complaint is that even during our "season" here sellers can't even get someone to LOOK...

I really haven't followed Siesta Key or St Armands. I can tell you though, that a friend of mine is selling his deceased father's place on Siesta Key and was astonished when the realtor told him how many places are for sale now.

Tampa / Sarasota area. I can tell you that every neighborhood I drive through seems to have For Sale signs on every block. And many seem to have both For Sale and For Rent signs out front. I personally know several people who bought a new house before selling the old one, and now can't even get...

Well all real estate is local. Here in southwest florida it seems that we are swamped with selling pressure. Between builders, speculators and resellers, the market is flooded. OTH, I hear the midwest and some other regions are actually pretty well balanced between supply and demand. But how in...