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Pent up demand's Comments Stream Stats
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The Disastrous Future of the U.S.
Tom B, I hope you like crow. Your ilk are going to be eating a lot of it as global temperatures continue to moderate.
Real Prices for New Cars Keep Going Down
Why Subprime Loss Estimates Are Still Too High
Hanging Up the Walkway Myth
Getting Frantic? A New 3 Act Play for Current Economic Times
Realtors, Prepare to Lose Your 6 Percent
Missouri broker, I did do the homework, which is how I finally got my house sold. And yet there was my useless agent at the closing table with his hand out.
Realtors, Prepare to Lose Your 6 Percent
Hey realtors, if you're so ready to admit that there are incompetents in your midst, why isn't your beloved NAR doing anything to shore up "the brand". How am I supposed to know a good realtor from a bad one? I don't buy and sell real estate very frequently. I found one agent that I know not to do business with again. I guess that leaves another couple hundred thousand that I need to keep looking out for.
Different Views on Housing Supply
Uh huh. So I heard it here first: "they aren't making any more land". Wow that is an ironclad argument.
User 202386, your "way overcorrected" areas are still above traditional measures of affordability. My whole life I have heard that home prices cannot go down everywhere at the same time. People now see for themselves that it can and did happen. They are not going to stretch themselves to the limit to buy thinking that if they delay they'll be priced out forever. Too bad for the bagholders who are left looking for another fool greater than themselves to sell to.
Realtors, Prepare to Lose Your 6 Percent
BS. How about "minimum service" laws? or cartel behavior like freezing discount brokers out of the MLS?
Most agents are a joke. When I sold my last house I had to figure out the market myself. My house sat for 6 months longer than necessary because I had it listed too high. Maybe my dipwad agent thought he was protecting my feelings by not telling me to lower my price. I would much rather have had hurt feelings and 6 months of mortgage payments/taxes.
And for the money they charge they don't even show the house! It's some clueless buyer's agent who doesn't know the property and can't sell its advantages. A total ripoff.
Different Views on Housing Supply
Only These Three Things Can Halt Oil's Advance
Speculators would laugh at your castles in the sky and go right on betting on the futures.
Oil at these prices causes pain, no doubt. But it's the Saudis that should be worried, because these prices are making alternatives of any sort much more attractive.
Foreclosures Prove Loan Modification Isn't Working
Learning From Bill Miller's Recent Underperformance
"Pick-a-Pay" Defaults Deepen - Housing Tracker
But this is what you get when the originator doesn't have to hold the paper. He can tell himself that the customer will refinance in a couple years or sell the place for a profit so that he can sleep at night. Then he pockets his origination fee and moves on to the next guy.
The Impending Mortgage Crisis: Part Two