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i looked into foreclosures long before it was the "in" thing -- way back in the late 90s. if i were to buy a home at auction, and it wasn't brand new, i'd pay a professional property inspector to accompany me and evaluate it. unfortunately, these days there are so many newbies jumping onto...

sorry this is BS. you sound like someone who grew up watching the NBA and NFL and think blacks are athletically superior just because they dominate those sports. who do you think dominate swimming, gymnastics, soccer, power lifting and wrestling? not blacks. if an alien beamed down to earth...

you can't judge a person's wealth if they're driving a sub-$150k car. anyone with a mcdonalds job living at home can buy a $50k car with a 12 year loan. even with cars the $150-250k range, there's a percentage of drivers who are posers (ie, those who are straining their budget to look rich)...

what's your regular ET nick? come on, don't be shy.

i had a vision several years ago that the auto industry (not just domestics) would have a sales problem at some point. vehicles today, in general, are just too fricking reliable. even the worst piece of crap will make it to 100k miles with few mechanical problems. they may have issues with...

it'll be interesting when the 140,000 troops come home, what jobs will they have? building highways perhaps? and without a war in iraq, we won't need to build humvees and rifles and other weapons, so what will happen to those defense companies?

pharmacists are grad students who couldn't get into dental or medical school. i know 3 pharmacists and 2 others who are in pharm school now. they are reasonably bright but not in the same league as MD's. here in CA, an outpatient retail pharmacist typically starts at $85-90k, then move up...

there is no principal reduction unless the bank agrees to it. it is voluntary and not part of the plan. the new plan only reduces the interest rate or extends the loan duration. as others have pointed out, few will qualify because they must go through the process as if they're refinancing a...

this is hilarious. it's EXACTLY the same talk as i heard back in 2000 when the naz bubble burst. people said "this generation of investors will never buy equities again", and by 2004 they were buying stocks again. in fact, they bought so much that the sp500 would end up making all-time highs...

nope, that janitor won't qualify because their DTI ratio is too high. i think the limit is 31 or 38%.

it has a low chance of passing, but if it does, i'd say it has very low chance of being around more than a few years. once mutual funds jack up their expenses and limit redemptions or tack on fees to sellings shares, the public outcry will force the demoncrats to undo this lame tax. joe...

is he getting nervous that the rising IV and rising value of his puts are gonna cause the Mother of all margin calls?

it's funny how deadbeats with no sense of money management always say they're the victim of corporate greed, when in fact they're a victim of personal stupidity. how come the majority of us aren't "victims" of these same cc companies? probably because we have budgetary discipline?

i've been in the market to replace my daily driver, and i see the prices for new and used cars are good but there's a limit to how low they'll go. i think the best time to buy was nov 2008 through jan 2009. during that time there was glut of inventory because manufacturers had not cut...

yeah I wonder how the battery survives sitting idle for that long. with a parasitic electrical load, they should only last about 4 weeks. even without any current draw, they last about 5 months.

auto mechanic is not a good choice for the future due to the diminishing demand. think about it, how many times does a late-model car need unscheduled service? maybe once every 2 years? virtually all cars nowadays need nothing before 100k except oil, coolant and consumables. plumber...

your math is wrong. the quarterly GDP numbers are annualized so you can't add them unless you convert them to actual 3-month values first. i.e., a -6.2% annual rate is about -1.6% for the quarter.

the two most ghetto stores are walmart and sears. stepping into either one is like teleporting into a mexican border town or the slums of philly. all the kmarts around here are closed so i cannot compare it.

buying treasuries is the safest (or you can buy a money market fund that invests solely in them). next safest would be EFP's.

yes, this mathematical dilemma relies on the ever-expansion of debt to continue, or massive deflation and negative interest rates to come to conclusion. the latter is unlikely, as it would mean all debt is eventually paid off which would mean money supply goes to $0 and we'll be broke.