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| 7/9 |
| 2008/4/8-12 [Reference/RealEstate] UID:49687 Activity:low |
4/8 http://www.msnbc.msn.com/id/23997412 Short sale rules the market! Auswami was right!!! \_ Swami predicted a nadir in 2007. \_ Meh, 2 out of 3 ain't bad. \_ Swami did no such thing. Swami was making fun of the request. -GS \_ at least twice? \_ http://csua.com/2005/03/22/#36812 http://csua.com/2005/06/06/#37986 false false (sarcasm is hard to detect over ascii, I admit) \_ What's the sarcasm? Swami really didn't think the housing market would go down? Swami thought it was OK to predict doom but not to make any specific predictions? \_ Your brain has been classified as: small \- you must pay me 5cents |
| 7/9 |
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| www.msnbc.msn.com/id/23997412 The average price of the homes, which vary in size from 1,400 to 1,640 square feet, was $505,000 at the time. Three price drops later, the homes finally began selling in March -- at an average price of $309,000, says listing agent Dominic Kurtyan. Sure, it's another story of home prices dropping in a sour real estate market, by about 39 percent in this case. Short sales have become so mainstream in some markets, such as this region of central California, that during March he and the developer behind the complex began promoting these properties' status as re-priced "short sale" homes -- homes priced below what the seller owes on their mortgage -- in order to lure skeptical, price-conscious buyers. The Village at Green River has hung a banner advertising "short sale" prices, and the complex's voicemail greeting discusses its status as "a short sale situation." "We had a significant response just from changing the sign so that it advertises prices starting at $299,000," Kurtyan says. "It's a negative situation for everyone involved, except for the buyer who gets a good deal." Indeed, while buyers will get townhouses each boasting a two-car garage, two bedrooms, and two and a half bathrooms, the developer behind the estimated $8 million project will walk away empty-handed at these prices, and the multiple lenders involved will either break even or lose money, Kurtyan says. Selling short How a short sale' of a home differs from a standard transaction: Lender as authority A lender approves the sale, rather than the individual home seller. Offer response Lenders take an average of 45 weeks to OK a short sale offer, according to IFM/Campbell data. Deficiency notes Short sale sellers can transfer a home to a new owner for a price below their mortgage balance, but they may still have to repay the outstanding mortgage balance. Some lenders make sellers sign a "deficiency note," or repayment agreement. Seller/lender coordination Sellers need to file documents and/or secure an OK from their lender to close a short sale. Buyers should investigate where sellers are with this process to get a sense of how long the transaction will take. Agent commissions Some lenders will forego paying (or pay reduced) real estate agent commissions on these deals, leaving consumers to pay commissions outright or forcing agents to compromise some or all of their fee. Short sales now widespread Stories like the above have become increasingly common around the US in recent months. Last week Bethesda, Md-based Inside Mortgage Finance, and Washington-based Campbell Communications released a real estate industry survey indicating that roughly 20 percent of all US home sales in March were "short sales." "Our numbers suggest that 20 percent of completed home sales nationwide are short sales," said Guy Cecala, publisher of Inside Mortgage Finance. "The number would be larger if it weren't for the fact that one-third of all attempted short sale deals don't go through." The combination of falling home prices and homes financed with low down payments means many homeowners owe more on their properties than they're currently worth. According to IFM/Campbell research, two-thirds of short sales are initiated by homeowners and one-third are launched by mortgage lenders (as a foreclosure alternative). IFM/Campbell data indicates the top reason for short sales initiated by homeowners is their inability to make mortgage payments, followed by other factors such as the value of the property declining. In a typical home transaction the seller gets final say on which buyer gets the home, but in a short sale the lender weighs in on that decision, since it's the lender who won't recoup 100 percent of the seller's mortgage balance as in a "normal" home transaction. |
| csua.com/2005/03/22/#36812 html \_ oh wow, replies by real doctors with fancy medical terminologies that I don't understand. Instead I'm just a stupid code monkey barely surviving in Silleycone Valley \_ It's never too late for medical school, if you want to go. We have all heard stories of the 40 year old guy in there with the 22 year olds. There is a shortage of family/general practice doctors, and that's what most older med students end up doing. Older students usually don't have the lifespan and stamina to go for the longer and/or more intensive residencies. I never wanted to be a surgeon or see people to diagnose/prescribe for them... I know someone who does this and she never sees any patients. I also know a doctor who does a lot of research and selects his patients based on it. This seems more interesting than being a GP, but pays a lot less. I've seen some lesioned and post-stroke cats and mri's, too. Gradual atrophy in a fully functioning individual is different than severe sudden atrophy and recovery. For example, a study was done of 80+ year old nuns, and it was found that all the nuns had similar degrees of massive cortex atrophy in the brain. However, the nuns that had a stroke had a post-trauma sudden onset of Alzheimer's that the non-stroke nuns didn't have. Likely something from the stroke triggered onset of Alzheimer's. Thus, comparing Terri's brain to fully functional 85 yr olds who have had gradual atrophy without functional loss is not entirely kosher. My company works with that kind of data all the time and you can adjust contrast controls, etc. Furthermore, your typical CT of the brain doesn't look like much. php allows you to compare the MRI (on the right) with the CT. Bush's numbers are down to 45% and the Republicans are desperately and transparently trying to change the subject. Does it have to have carbon, water, and ability to think and act? What if an alien life form visits us but instead of carbon based, it is silicon based, is it a life-form? How about human beings with fully functional body but without the mind/soul behind it, is that considered 1) alive and 2) a life-form? I'm interested to hear from scientists and religious people. When I click the button, it says the missing plugin is Macromedia Flash Player 7 I click "Next" to see the license, and "Next" to try install. Does that mean the plugin is already present on my machine? html \_ I would have gotten this except the French developers kept playing scenarios of nuking the white house. I hate French people, but I hate the current administration even more. Now personally, I can find a lot of things to complain about if I wanted about Frenchies but I can do that about any group of people. htm \_ I remember a story from about 7 years ago where some Japanese High School Kid killed classmates with a katana. That guy, btw, never had his name revealed bc he was a juvenile. Gang members in bad schools stabbing each other are common, but kids going postal and stabbing random classmates are very very rare. Just as violent, the little fuckers, and apparently far more prone to bullying. I missed out while everyone around me is buying a second home or a vacation home in Arizona and all they can say is how stupid I am for not buying something. Likewise, when it is stagnant in the Bay Area it might be hot somewhere else. I personally would not buy right now, but it was certainly smart to have bought a few years back. Still unlikely to see a real drop in prices in bay area for a couple years I think, there's no recession here and tons of demand. But it does look a lot like 2000 in that a) prices seem ridiculous but keep rising, leading to b) ordinary people hyped up about house appreciation gains and speculating, just like every Joe was buying Cisco back in the day with no regard for investment principles. I look at the low interest rates like a money faucet the fed turned on, that seems to mostly go into housing because it's easy to do and touted as low risk. So if the housing market is like a money balloon filled from low interest rates, the question is when it would deflate... I have the feeling that it won't really deflate here due to low housing supply. Because home values are up probably 50% since you started posting this crap. after one happens, while ignoring the fact that prices rose 100% during the time he was predicting a crash. If you're wrong, I'll personally hire four large white supremacists to come to your house and sodomize you until you squeal like a pig. Many of the points are assuming the crash has already started/happened, which is blatantly false. And he makes crazy statements like this: "under current conditions, a renter would be able to live in a house for 30 years, then buy that house outright with the saved principle payments, and have an extra $227,200 of savings on top of that". PITI on a $1M house are $7k/mo, which if you are in the 40% overall bracket come out to 5800. This means you save a $1M house are $7k/mo, which if you are in the 37% overall bracket comes out to 4800. But this makes the unsupportable assumption that the house will not appreciate in value in 30 years. Some people are highly protected but overall, it's not as onerous as Berkeley or as it used to be. Wherever one lives is a home, be it apartment, condo, or house. Calling a house a 'home' is a manipulation of your emotions for profit. Prices are already down every month for Nov, Dec, Jan, and Feb." China can put a man in orbit but needs to buy night vision goggles from EU? Maybe the EU sells better ones and China hasn't gotten around to ripping off their technology yet. First deliveries are this year with 80 for France and 80 for Germany. Fifty percent said they understood the debate over Social Security "somewhat well," and 31 percent said they understood it "very well." Only 18 percent said they did not have a good grasp of the matter. html In any case, I do agree with the Fox News guy in the sense that you shouldn't kill her by starvation. My opinion (and he doesn't say this) is, once you have established beyond a reasonable doubt her desire to die if she knew she were in an irreversible, persistent vegetative state, then she should be killed using something quicker. But assisted suicide with pills, injections, etc is illegal, and mostly because of conservatives. So now they're arguing how inhumane it is to let her starve when they also block euthanasia. You want to guess how much of that money was spent on Terri and how much on Michael's pro-euthanasia lawyer Felos? Felos' hospice is also under investigation for Medicare fraud for bringing in 150+ patients who should not have been there. Plus, there will be plenty of money from book deals and film once Terri passes. This is the funniest thing i've seen on the motd in some time. shooting \_ The boy killed his 60 year old grandpa and his **30** year old gf. I hope you guys go to hell and experience eternal sodomization by satan \_ Yeah, and had we spent that money on places like Afghanistan Syria and Iraq BEFORE 9/11 we could've prevented around 3000 deaths. C'mon, people, are you forgetting the people who lost their lives because of terrorism? |
| csua.com/2005/06/06/#37986 Is there a place somewhere near the campus where this can be done, hopefully reasonably well and affordably? The name escapes me, but they are pretty much across the street from the French Hotel cafe. They sized some rings for me, and I was very impressed with their work. marijuana So what are you faggot-loving drug-using tree-hugging protesting LIBERALS gonna have to say about this? Ha ha ha ha \_ If you're really a conservative (as opposed to one playing this game of "this is what conservatives think"), we don't want you on our side. In any case, the smoking wasteland would definitely be disruptive to interstate commerce through the area with respect to gas stations, public accomodations, and so forth. Anti-sodomy also falls under the "provide for defense" and provide for general welfare" clauses. But, perhaps we might instead expand the National Missile Defense program to include Supernatural Punishment Defense (to zap the raining frogs, locust swarms, and burning sulfur). In any case, the smoking wasteland would definitely be disruptive to interstate commerce through the area with respect to gas stations, public accomodations, and so forth. Anti-sodomy also falls under the "provide for defense" and provide for general welfare" clauses. But, perhaps we might instead expand the National Missile Defense program to include Supernatural Punishment Defense (to zap the raining frogs, locust swarms, and burning sulfur). Does anyone think he's changed his priorities because of his health? O'Connor also wants to be perceived as the compassionate/sensible conservative. Scalia is not a buffoon so will judge according to law, along with the other 5 in the majority opinion, even though it hurts people. Just like "provide for the general Welfare", it's broken. The way that I understand it is that the decision is based on the 'necessary and proper' clause that allows congress to regulate intrastate activities to the extent that they affect interstate commerce. As Scalia states the test is whether the means used by congress are "'reasoanbly adapted' to the ... Since Pot is a Schedule I drug (you may dispute classification, but that was not at issue) and Congress's desire to eliminate Schedule I drugs from interstate commerce is legitimate (again you may dispute this, but it was not at issue), the question is whether it is possible to distin- guish local pot from "imported" pot. Since it is not, Congress's desire to restrict pot growing preempts state law. Notes: I have not taken Con Law yet, so my understa- nding of the commerce power and the necessary and proper clause is a bit weak. The real problem is that pot is misclassifed as a Schedule I drug. If pot is reclassified, then the outcome should be different and these people can go about their business. My agreement of w/ the outcome is colored by my general dislike for things like pot, cigarettes, coffee, alcohol, &c. org/u/c9h Why am I not seeing these stories in US papers? So we Americans feel justified to do whatever it takes to achieve our objectives. God Bless -Average American \_ Click your heels three times... html \_ The article describes it as a "hunger strike," but that isn't how I would describe it. Usually you would have to be striking for something to call it a strike, not just staving yourself because you feel guilty. Why don't they just provide cyanide capsules to prisoners -- think of the cost savings! I noticed that, while our (European) gas is usually 95-100 octane, US gas seems to be 87-93ish. I don't think we get so much ethanol additive here--is the lower US octane count related to ethanol content of gas? dept=3&id=2049 \_ How much are you paying for gas in Europe? Aren't you as much an American as everyone else on motd is? Sometimes it is just meant as a factual group-identification, not as some divisive statement of politics/ethnicity/whatever. And I always thought Cal students were a pretty mixed bag, citizenship-wise. It's an abbreviation for "circa" meaning "about, around, approximately". I'm thinking about replacing my iBook w/ a ToughBook or a ThinkPad b/c I need to occasionally dual book Windows and I want to get an idea of how well FreeBSD works on laptops before I do this. I'm open to Linux but based on my experiences at work, I just don't think I can get along w/ it for personal use on a daily basis. I have used 410-R beautifully on an X20, but had no end of trouble getting it running on an X31. Linux has a plethora of drivers for wireless available through ndiswrapper. You shouldn't need ndiswrapper unless there are no native drivers available. This is often the case with some Atheros cards, although the madwifi package is getting there. My main problem w/ Linux was that I could never keep track of patches, &c. and everything needed some sort of "unofficial" patch in order to run and I just got tired of having to keep everything patched in order to keep it running. I saw that they offer a Knoppix LiveCD, which is nice, but I'd just as soon not reboot. Haven't had a need to try wireless sniffing, but many docs suggest this works \_ Some cards are great. Eg, I could say the housing bubble has already started to pop with what's already happened in Vegas. How much do prices have to go down, in what time frame, for it to be considered a pop? com) "When you lose money in real estate, you really feel it," said Igor Doncov, a software engineer in Half Moon Bay who bought two new houses in Las Vegas early in 2004 but sold them at a loss after his builder, Pulte Homes, cut prices on its new models by $180,000. "I thought I couldn't lose," he said in a telephone interview. By December, it was clear the peak of the frenzy had passed. Residential building permits that month were 34 percent below the previous December's, as measured by the Center for Business and Economic Research, which Schwer directs. And 15 percent fewer people were moving to Las Vegas -- some undoubtedly spooked by the region's steep jump in home prices. Pulte officials would not comment on the price reductions. In the wake of Pulte's move, other builders also cut prices but made no formal announcements. com) King paid $498,000 for the house, which he bought as an investment. But a major increase in the number of resale homes on the market -- currently about 16,000, up from February's 1,400 ... I take this as lots of people in Vegas saying "Vegas is a shithole place to live. The Chinese proverb that greedy people should and are punished, is coming true. It gives examples of other people making money during the same time period and has quotes from people saying the market is still healthy. Appreciation rates slowing down does not equal a bubble popping. Please note that the criterion is "start to pop", which is a very low bar indeed, especially in the context of saying "A-ha! I am still waiting for the Swami to explain what "start to pop" means anyway. One could also argue that all red-hot-Vegas-real-estate news is intended to bury bubble news, to keep the good times rolling for those already in, but that's just speculation. Extended is deliberately left undefinited because I have no idea how long it will go down. "400 American soldiers carry out their mission from a bombed-out pleasure palace once owned by Saddam-Hussein. If you're curious what it is like to be in Iraq, this is the movie to watch. and the Iraqis just held their hands high, talking to each other and didn't understand what they're saying. A better one to watch is "PSB Frontline- A Company of Soldiers." It's not showing anymore because it's too controversial and some tax payers don't want it to be shown, but you can still get it on torrents. I read the s/key howto over and over but I couldn't grasp the idea. The s/key stuff only dictates which machine I can access the csua server from. That is, if I have entered the one time password from my home desktop, then I can log in from my home desktop with my unix login/pass. I can not log in to cusa from my work machine if I haven't entered the one-time pass on that machine. Basically, since ssh2 is in effect now, I downloaded PuTTY. After I enter the login as value, it shows "s/key 92 hi97345", t... |