-
Recent Posts
Recent Comments
Data Mining
Economy
Quant Finance
R
Trading
Category Archives: Real Estate
Do You Feel Stimulated?
A large chunk of foreclosures will go away immediately, people will have debt relief and the ability to spend again, and all those subprime portfolios will start to perform again. Continue reading
Real Estate Not So Hot in Phoenix
This is truly a frightening chart and I suspect that real estate prices could go even lower in Arizona, and the rest of the country, if people continue to get laid off. This would confirm my observation from earlier this year about real estate and equity prices having further to fall. Continue reading
Where’s the Market Bottom?
I’m coming to a painful realization that I might have to eat my words regarding my S&P500 market bottom call. Â I say this because of my recent observations in the bank owned/foreclosure market. Â There seems to be too much “optimism” … Continue reading
Posted in Real Estate
2 Comments
Buying A Bank Owned Property
Now’s a good time to buy a second property, if you can get a loan IMHO. I have never seen the banks littered with so many bank owned properties, ever. Don’t know where to find them? Have a look here.
NJ Foreclosure Data
I’m still alive but been extremely busy with work and some old REI acquaintances. The rumor is that my REI friends have overseas investors interested in acquiring NJ property and they want me to be a part of this. So … Continue reading
Economy and Enginnering Indicator
I’ve talked to half of the people that I polled previously for my Engineering and Economy Poll and I’m seeing some positive changes. I’ve been crushed recently with new work and we’re even talking of hiring people. My California buddy … Continue reading
Modern Day Ghost Towns?
I roamed around a lot when I lived in New Mexico and I came across several ghost towns. I loved finding them out in the middle of nowhere and poking around in them. If I had more time I would … Continue reading
One Business Week Is All It Took
I saw this article posted on the Chairman’s Deli.cio.us link roll. It seems it took only 6 to 7 days for the asset backed commercial mortgage paper market to start collapsing. In normal markets, JPMorgan sells $25 billion of short-term … Continue reading
Cutting Up Credit Cards
My wife and I leveraged a lot credit cards to help with our rehab project at the investment property. We utilized all those 0% interest for a year cards and transferred the balances when the rates readjusted (probably not the … Continue reading
In Foreclosure? Walk Away & Save Money
Ugly posted this interesting LA Times article his Del.icio.us link role a few days ago. It seems that people with upside down mortgages (where your mortgage is greater than the value of your house) are voluntarily letting their properties be … Continue reading
Year End Thoughts on Forex, the Economy, Real Estate, and Gold
The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All … Continue reading
Spain’s Real Estate: Decoupled from the USA?
It looks like the Spanish Real Estate market is the next victim of the “decoupled” USA economy. Spain is suffering collateral damage from the collapse of the U.S. market for mortgages to the riskiest borrowers and the swoon in U.S. … Continue reading