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    Housing Flipper's Flop - Many Are Wiped Out

    There is clearly a crash in some markets. Some areas have dipped over 40% around here. Thats a crash in something as leveraged as real estate. People have to remember, when you buy a 800,000 dollar home with 10K down and it loses 10%, whats the return on your 10K investment??? OUCH
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    100k to 2,800,000 Since April 2nd (including 2 Million in 2 Days) - Of THIS YEAR!

    The good news about publishing numbers from these pure luck, dart throwing monkeys is, it will attract more dumb money to the markets, making them less efficient and easier to trade :p
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    Housing Flipper's Flop - Many Are Wiped Out

    But wait, every month they keep telling us the bottom is in, that its a great buying opportunity, say it isnt so :p These idiots are smocking crack if they think this mess can resolve itself in as little as 6 months. Lets do some math here. Since 2005 condo's in down town san diego...
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    100k to 2,800,000 Since April 2nd (including 2 Million in 2 Days) - Of THIS YEAR!

    This is the dart throwing monkey on the end of the bell curve. Pure luck.
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    Earn a pathetic 3.4% return, and get paid $350 million

    Shows how spoiled and pampered and entitled americans are. Weve nearly completely lost the philosophy of our founders. So sad.
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    Where is the bursting of the bubble?

    1. I never quoted Roubini or used his numbers, so have no idea what you are talking about 2. Why did you post wikipedia links to the UK and Australia? What does this have to do with anything? Are you autistic or something?
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    Black Swan sighted in Saudi?

    Do you even know what percentage of US oil comes from the middle east? Look it up, the number would shock you. Go google now!
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    just sold my last house leaving real estate market want to trade

    I think you are being too kind with that 80% figure :)
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    just sold my last house leaving real estate market want to trade

    Not necessarily. Thats pretty good advice. There is no hard data out there, but if I had to bet... 90% of people make money on their real estate if they hold it long enough. 99% of people fail at actively trading if they trade long enough. There's a big difference. Im profitable...
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    just sold my last house leaving real estate market want to trade

    Ok, so you made more than you can imagine. Now imagine, losing more than you can imagine. Thats what will probably happen if you start trading. This game is about 1000000x more competitive than flipping homes.
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    Fed Rate Cut Coming???

    The housing mess takes almost a 1% bite out of GDP?!?!? Noooooo, say it isnt so! I dont believe! I didnt see that coming from 2 feet away :p Now they are screwed. Cut rates now and inflation accelerates. The printing presses go wild. Capital flow into the US gets cut off. Seniors on...
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    Earn a pathetic 3.4% return, and get paid $350 million

    I thought CEOs were getting away with bloody murder when they negotiated their golden parachute packages, but this is just crazy
  13. T

    Earn a pathetic 3.4% return, and get paid $350 million

    http://www.nytimes.com/2007/04/24/business/24hedge.html?ex=1335067200&en=22f49c03f5ef88eb&ei=5090&partner=rssuserland&emc=rss
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    Paul Jones Backing OBAMA!

    who cares Trading well does not correlate to making good political choices expert trader does not equal exert politics
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    The 'mises' crowd believe governments are incompent on everything, well except for

    Does anyone know how many times the formula for CPI has been changed in the last 10 years? 20 years? 30? etc?
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    Where is the bursting of the bubble?

    With an aging baby boomer population, and the number of fixed income citizens exploding, how long can they hold rates this low? With low rates, even more captial will be diverted from the US to elsewhere. For what? To save the real estate market? Lets see which group of people have the...
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    Where is the bursting of the bubble?

    I just cant believe people keep trying to call bottoms when all the indicators are accelerating. This isnt the stock market. Liquidity and ECN's of stock do NOT exist. Real Estate markets move in slow motion compared to the stock market. If the NAZ took 2 years to crash, multiply by 8...
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    Will Divorce law be the next big growth industry?

    5 major studies have shown no link. Are you saying that all 5 studies were bought by big business? If so, post your evidence. Keep in mind that correlation and causation are very different things. If mormons dont get autism, there are a million other variables that could explain this...
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    Will Divorce law be the next big growth industry?

    That is a very irresponsible thing to say. Tell that to all the TB, and Polio sufferers in the world.
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    Bad Home Sales Numbers

    Whaaaaaaaat? The past few years have been nothing but stories of how wonderful realestate is. The bad news hasnt been here very long at all. Were just getting started.
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