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Another dynamic is the Rent vs. Mortgage debate. As the rents come down as they have and the mortgages continue to increase the benefit of owning becomes less attractive. Of course the american dream of owning a house is still strong in the minds of buyers regardless of the actual cost...

The PPT is selling into rallies like every other smart trader. :D Later, Cracked

They'll be asking if you want to "Super Size your meal" soon enough. Of course I totally understand the salespersions attitude as I've been labeled as arrogant on these boards..... which really cracks me up...... :) Most of the salespeople never understand the concept of saving for a rainy...

NLY has a current dividend of 15.75%....... :eek: Guaranteed this is toast as well. Who needs junk bonds with yields like this.

If you could get short in the 18.20-18.40 area and risk to ~19.40 you would have the potential to get down to 15-16 range. Pretty steep downward channel from the high in June. If that fits your risk profile (~2.5:1) then, bombs away. Just my thoughts. My opinion and a dollar gets me...

From that chart, do you get the feeling somebody sees default risk rising in the near future? Come on 10% rates........ Daddy needs a home at 50% off the current inflated prices.... Later, Cracked

Take a look at the chart of PMI. Private Mortgage insurance company. http://stockcharts.com/def/servlet/SC.web?c=pmi,uu[w,a]daclyyay[pb50!d20,2][vc60][iLh10,3,3!La8,18,6]&pref=G You think the prospects are great for this company???? Later, Cracked

With the Stay Home deal. If a husband lost his job would you get 6 months, then if the wife lost her job 6 months later, would you get an additional 6 months? Think of the possibilities....... :D

You might want to read the fine print in the offer. I bet the cash advance has an interest rate attached to it, but, not a front-end transaction fee (similar to points on Real Estate Loans). If it does have 0% interest on cash advances and no transaction fees, then, it sounds like free...

Jeffery, As trdrmc stated, there are guidelines set forth by the IRS for allocating expenses. If you have a circumstance that you feel is supportable, you may use an alternative. Ex. taking a meter reading in the morning as you begin trading and another reading after you finish your...

If that isn't the definition of the greater fool theory, I don't know what is......

ddog, I do remember the Moreno Valley fiasco. The only thing out there that is nice was the golf course on the hillside. I haven't been out there in years to see what happened, but, do know of the walk aways which occurred. Can't seem to remember the name of that lake/mudhole out...

ddog, some friends just sold there house for $320K 3bdrm, 2 bath, 1400 sq ft. small lot. I guess the average house here in OC about $350K and some of the nicer areas are in the $500-700 range. A relatives "RAT-SHACK" in Costa Mesa is ~600K and it's a dump. I'd put the same Corona...

ddog, That morning drive from Corona to anywhere in OC or LA is pure hell!!! I did it for about two months in the early 90's and had to get out. It's amazing what is happening, I'm unhappy that I didn't buy another place and rent it out for a bit. That's the way it goes. The same...

With the Prop 13 passage in California that restricted the amount taxes could be raised on a yearly basis, you know the cities/counties/state are loving the increases in property values. A few of the counties have even tried to go around the Prop 13 limits. The homes that were purchased in...

Puffy, I believe that the basis for the appraisal has to be a comparative to other homes in the area based on substantive factors. If not, we have a Tulip marketplace situation and the greater fool theory at work. If you didn't have the substantive factors, a nefarious seller could get some...

Ddog, If I may throw in my 2 cents, That environment was the same in the last big upsurge in the RE. IMO, it all comes down to the way the services are funded, i.e., at the end of the process. The appraiser, processors and the like all get paid at closing if I'm not mistaken. This...

Someone mentioned that people aren't refinancing to buy a lifestyle hasn't been to So Cal. People here have re-fied and bought $100K boats for the river, dune-buggies and enclosed trailers in the 70K range, Mercedes, Porsches and any other high end auto you can think of to satisfy the itch...

I hear you. It's kinda expensive compared to a $40-50+ lift ticket at a resort. An Aunt lives in Saquamish, WA, I love that area. Great if you like the outdoors and nature. We took a newbie (maybe two days boarding, but a good surfer) with us on a trip to Salt Lake this year. He...

Those texas jokes remind me of one I like. An Okie and a Texan find a magic lamp and rub it. The Genie pops out and says he will grant each man one wish. The texan goes first and request that a 1 Mile high concrete wall be built around the great state of Texas in order to keep the...