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  1. R

    Sorry doom and gloomers. The real estate market is hot in California.

    Dr. Zhivodka, I just logged on and read your reply as well as some of your other posts, very interesting. I could be wrong but think I have you pegged. I have "high rollers" calling me from time to time. They typically have some money and think that their going to corner the real estate...
  2. R

    Sorry doom and gloomers. The real estate market is hot in California.

    I’ve read some interesting comments on this thread and I guess all I can say is that’s what makes a market. A few of us that are actually in the “Biz” don’t seem to be so “Pollyanna” in our outlook. Some have said you can never trust a realtor, well trust this: 1. Jobs, it takes...
  3. R

    Sorry doom and gloomers. The real estate market is hot in California.

    Interesting statement. I'm a Realtor in CA and hot isn't the way most of us in the business would describe it, unless you meant hot like hell is hot. Some facts to consider: Unemployment is over 12% and rising. This doesn't count the self-employed (household survey) or those on furlough...
  4. R

    What`s The Best Source For Real-Time Economic Reports?

    I use Briefing, Briefing.com There is a small lag, but close enough for news.
  5. R

    Oh Oh, Might have to take a tax hit, got a HUGE profit thoughts?

    One word; Collar. Lock in that gain and make sure to get the long term capital gains treatment.
  6. R

    trading without any indicators for daytrading?

    I am slowly giving up on all indicators to keep only support and resistance to do my day trading (and a Bollinger band for the volatility). what are your thoughts? Am I going in the good direction? Yes. I've been trading full time since 04 and use no indicators. Dump the Bollinger...
  7. R

    Forex Is A Scam

    But wait, there is no commission with Forex trading, just a spread from hell. :p
  8. R

    Banks not taking houses post-foreclosure = shadow inventory threatening economy

    “What if the people won’t leave?” Well here’s the deal Bidask, the bank can get the sheriff to evict them and law enforcement is getting plenty tired of doing this, sometimes refusing. More commonly, they use a process called cash for keys. Let’s say I have a listing from an...
  9. R

    Banks not taking houses post-foreclosure = shadow inventory threatening economy

    Bidask, I have listings where the owner hasn’t made a payment in over a year and there is still no notice of default let alone a notice of sale. How can this be? Some of the banks are just so overwhelmed that incredibly, they haven’t been able to “get around to it” yet. If BAC were...
  10. R

    Banks not taking houses post-foreclosure = shadow inventory threatening economy

    Interesting article. I can tell you first hand that “shadow inventory” is real. I’m a realtor in Northern California and handle the short sales for my firm, which is also heavily involved in mortgage modification. Those calling a bottom in the housing market really have no idea what...
  11. R

    Optionetics: Good or Bad ?

    I went to one of their free preview and then signed up for the two day class with the understanding that if I wasn't satisfied they would refund my money as long as a refund was requested by twelve noon. I felt the material was very basic and not worth the money for anyone that has been...
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