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Perhas you'd like to explain that to me genius. OldTrader

Thanks for the education. I wouldn't want you to miss the point though. The point is that every bull market is not a bubble. The idea of "bubble" has specially characteristics ie a certain mania, that then leads to an outsized or longlasting decline. Obviously every bull market is not...

The relative performance of Toll Brothers has literally nothing to do with whether there is a "real estate bubble". What people are talking about is house prices, not the stock price of a builder. That said, I think market action would be considerable different if the market truly was...

Texas Pacific Land Trust has the following profile from the link you provided: "Texas Pacific Land Trust (the Trust) is primarily engaged on managing land in Texas conveyed to the Trust. The Trust holds title to tracts of land in Texas, previously the property of the Texas and Pacific Railway...

Must have touched a nerve eh? Now understand that I am not saying that either you or the prior poster are not the smartest guys ever...in fact, you've illustrated it in that you both evidently called the peak in the stock market back in 2000, and presumably profited handsomely. But it's a...

Just thought I'd mention that there is a tendency on the part of human beings to ALWAYS fight the last war. The last war? Bubble. This word "bubble" is a word that was not heard of or used for most of my own investment career until the peak. Now we hear the word nearly every day describing...

So you believe in a free lunch eh? OldTrader

Too bad you didn't act on William Nickerson's advice. Chances are you would be worth one helluva lot more today than you are!:) Nickerson managed to accumulate quite a nice fortune in his day by doing something really simple....buy rental properties, renovating them, and then holding them...

I've done some renovating of older homes. In fact, I currently live in a house that is 130 years or so old. What I have generally done with older homes is to put a new roof on, jerk the old galvanized plumbing out and replace with copper, new electrical box and re-wire, new furnace and AC...

I don't know much at all unfortunately about the business operations of the mortgage insurers. I would "assume" that they reinsure a portion of their insurance like most insurers do...but I don't know that for a fact. Someone else asked me the same question and I just don't have the answer to...

1) Can't tell you whether the mortgage insurers are sound or regulated. GE used to be a mortgage insurer, although they spun this company off recentely. Best bet would be to do a google search on mortgage insurance companies, or private mortgage insurance. It will give you plenty of reading...

Nope, not making that point at all. Stocks fluctuate, and I suspect that at some point the homebuilders will have their difficulties. At the same time though I'm not sure what that has to do with what the average homeowners house. And I think that's a point that tends to be missed by stock...

The correct answer here is that it depends on where you live. In my post earlier in this thread I mentioned the "one-action rule" that is the law in California. Under this law the lender may foreclose under the deed of trust (the security instrument that ssecures the note to the property) by...

Really most "banks" and mortgage companies are not holding loans...they are reselling them to Wall Street, maybe retaining servicing. That said, typically loans in excess of 80% LTV require mortgage insurance, paid for by the borrower. So the "bank", or the end holder of the mortgage is...

Every state has their own set of rules. But California for example is what the call a "one-action state", meaning that if the bank takes the house back by foreclosing on it's deed of trust, they cannot sue the homeowner for any deficiency resulting from the later sale of the house ie one...

Where do you plan to deploy the cash proceeds that is not at LEAST as speculative as the house itself, if not more? OldTrader

Nope...not a 30 year residential mortgage. It might serve you well to read one sometime. OldTrader

This statement is absolutely false. There is no such thing as a "margin call" on a 30 year residential mortgage. OldTrader

Michael: Understand first of all that I don't view 2-3 ticks as an "opportunity" for the retail trader. This just is not where my head is focused at all. Granted, if this occurence happend in connection with a trade that had a bigger objective, and allowed you to get started with a couple...

Very interesting thread. My compliments to all of the participants. I thought I would like to draw a few distinctions here. First let me say that I'm biased....I'm not really a believer in scalping per se. Been there done that from both the floor and off the floor. For a screen trader my...