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  • Don't Be Scammed by Madoff Investor Sob Stories
    1. Madoff's return might be modest for a hedge fund, but the steadiness was absolutely unreal, indicating foul play. Apparently, according to the SEC complaint in April 2008, it was open secret among exotic trading desks that Madoff's fund is a fraud.
    2. Some of these investors are doing some sort of off-shore account to avoid taxes, so they are taking a hit but they have no way of complaining without having to explain to the IRS.
    3. I feel sorry for the charities; as they are the only ones having legit reason to make public their losses. I wish the donors didn't decide to use some shady hedge fund to manage thier funding.
    Dec 21 17:48 pm |Rating: +9 -1 |Link to Comment |View article
  • Las Vegas Real Estate: Cash Is King
    i think he lied.
    Sep 23 04:52 am |Rating: 0 0 |Link to Comment |View article
  • Oil, Housing and the Dollar
    25 billion dollars can control oil futures? You have no idea how trading works.
    Aug 17 13:07 pm |Rating: 0 0 |Link to Comment |View article
  • The Housing Bill: Uncle Sam Is Moving Into the Spare Bedroom
    @233593:

    And what do you think determines the current market value when there isn't a market? All those models failed to do so. Banks can easily find someone to appraise them at full value of $500k and scam the tax payers money to bail them out.

    If banks let houses go into foreclosure, it will lose about half of the loan balance when all said and done. Any loss smaller than that is better. Especially if they can bribe people to appraise houses at higher value.
    Jul 28 13:25 pm |Rating: 0 0 |Link to Comment |View article
  • U.S. Housing Market Forecast: 2008-2010
    Sounds reasonable to me. It's hard to time any market bottom, so it looks reasonable as a speculation. We know that bad policy will prolong the pain but we don't know what kind of policy will be executed in the future.

    The drop not a scary reality to me; I own no home because I saw this coming. The moral hazzard of the modern system, however, is pretty scary.
    Jun 30 14:03 pm |Rating: 0 0 |Link to Comment |View article
  • Foreclosures Prove Loan Modification Isn't Working
    I totally agree that banks are impaired from doing thier best to clear out the inventory, but I didn't realize that they needed more cash infusion to do it. This depression could to be long. I don't think it will be as long as Japan's bubble crash because Americans are much more willing to clean up the mess, but if they have little power to do that, we have a lot more trouble ahead.
    May 16 14:05 pm |Rating: 0 0 |Link to Comment |View article
  • Saving the Economy with IRA Funds
    So you wanna make people throw thier IRA money into the fire? Hahahaha
    May 12 12:22 pm |Rating: 0 0 |Link to Comment |View article
  • Seeking Foreclosure Riches: What Does it All Mean?
    GMM: do you really think you'll get a another home loan in 3 years after the foreclosure that made the lender lose 200k?

    So, the dumb money is chasing real estate, foreclosure or not. I think I'll keep renting until these dumb money runs dry, thank you very much.

    The house i'm renting lost over 30k in one month on zillow and it needs to lose another 100k for the rent to break even.
    May 11 12:46 pm |Rating: 0 0 |Link to Comment |View article
  • CAR Forecasts 24% Price Drop for California Houses
    CAR probably did this because the data they already have showing more than the 9% decline that they predicted. I bet this new estimate is already optimistic. Thier new sales pitch would be something like, "the house is already marked down 25% so it can't go down that much more. It's a great time to buy!"
    May 08 12:03 pm |Rating: 0 0 |Link to Comment |View article
  • Fed Rate Decision To Shield Dollar From Horrid Housing Market
    Guys, show some respect. This is not 1956. Also, this is the internet, are you really, really sure you are flirting with who you believe you are? You're making a fool out of yourself.
    Apr 30 01:16 am |Rating: 0 0 |Link to Comment |View article
  • How Housing Finance Actually Works
    This article demonstrates the mentality that got us in this mess.
    Apr 27 10:54 am |Rating: 0 0 |Link to Comment |View article
  • The Market Domino Effect: Staying Ahead of the Curve
    .... too many spelling errors in this article.
    Apr 27 10:46 am |Rating: 0 0 |Link to Comment |View article
  • AIG, Fannie and Freddie Put the Crunch on Condo Mortgages
    Wow. As far as I can tell, that's pretty much all of Chicago's zipcodes. I guess everybody needs 20% down and income ratios under 3 now. No way the market can support it. Haha
    Apr 21 10:43 am |Rating: 0 0 |Link to Comment |View article
  • 8 Stocks to Benefit from the Coming Uptrend in Housing
    Tom,

    Please try this and let us know how it goes in a couple of years.
    Apr 14 13:28 pm |Rating: 0 0 |Link to Comment |View article
  • Signs That Foreclosures May Be Peaking
    sorry, "relisted after foreclosure" should have been "relisted after initial missed payment."
    Apr 09 20:43 pm |Rating: 0 0 |Link to Comment |View article

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