Archive for June 2007
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If This Holds, There Will Be a Lot of Nervous Investors Soon
Court Rules, Feds can seize half a house.
If this holds, the investors who use a trust and leave the seller with a small percentage of beneficial interest are going be a little nervous. See, they were sold a bill of goods thinking part of an undivided asset couldn’t be attached.
But, if it can be seized, [...]
The Fed Leaves Rates Unchanged
No surprise there, there is no chance of a rate change before late in the fourth quarter and only a small chance then.
But, change is on the horizon.
Mortgage rates are starting to inch upwards. That is no surprise to readers of this blog, my newsletters and especially Field Guide members but it seems to be [...]
This Has Crossed My Mind A Lot These Last Couple of Days.
In the early 1980’s there was a popular television show called “Hill Street Blues” it was innovative and at the cutting edge for its time. In one episode the scruffy undercover detective was working undercover behind a deli counter. A woman comes up to the counter and asks if the chicken is fresh. The officer [...]
So, What Example Can We Draw From Those Who Obsess About Casey?
While it is common and expected to include the term [sic] in brackets or parentheses when you quote something with a spelling, tense, grammar or other error, it appears to be upsetting to the person I quoted here. I have therefore removed it. So, the quote is exactly as it was written by Rob Dawg. [...]
The Real Lesson is, “Don’t Be A Casey!”
[The day before y]esterday morning I talked about what investors could learn from Casey Serin. No, not as in would he be a good mentor because I don’t think he would. But, he is a great learning example and that is what I was focusing on yesterday morning when I posted. Interestingly some of the [...]
Drupal Rocks! Even Though Updates Applied Last Night Caused Problems
No, I don’t use Drupal for my blog platform, I use Wordpress.
I know, all of the die hard drupalers out there are yelling at the screen, “But Drupal has a great blog platform you dummy!” And it is true, it has a great blog platform, just not the best blog platform.
But, to hack Shakespear, I [...]
What’s the Chance Casey Serin Will Be Prosecuted for His Mortgage Fraud?
Not very likely. As in a confirmation of Big Foot, extraterrestrial aliens landing on the south lawn of the Whitehouse and me winning the lottery combined have a higher chance of happening than Casey facing any criminal charges due to his mortgage fraud. And, since I don’t play the lottery… well, you get my drift.
I [...]
Is Casey Serin and Speculators Like Him, Really To Blame for the Housing Bubble and Current Correction?
Everyone seems to have an opinion as to what caused the housing bubble to inflate and what poked the first hole and started to let the air out but more often than not the real estate investing community is blamed. But, real estate investors, not the speculators had little to do with driving it in [...]
Why Would You Do Business With Someone You Think Is Stupid?
Wait, I am serious with that question.
On most of the housing doom and gloom blogs like housingdoom.com, housingpanic.com and literally hundreds of others, you see the blog author as well as those posting comments say they are smarter to rent than to buy and buyers are stupid and landlords are idiots, etc.
Well, you get the [...]
No, It Just Looked Like a Denial of Service Attack…
It was actually our own fault.
We are still fine tuning the new servers and we had a process that ran a muck. Three times. Before we figured it out and corrected it.
So, there were times over the last 36 hours that it looked like we were under a DOS attack and until we figured out [...]
