Phoenix Housing: Sharp decline in Foreclosure Sales
Submitted by
CalculatedRisk on Mon, 07/09/2012 - 2:42pm (393 comments)
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hah!
I would trust anyone here with my life, because they are all good people - they say so themselves.
Uh, oh. CR's feeling up another housing bottom. Red flag in front of da bears.
CR wrote:
robj wrote:
....uh...you know he's never been wrong, right?
ciao.
You can trust me with all your money, but not your pen.
Yep, I'm a pen-stealer, or pen walker-away with.
I have a friend that I'd trust with my life, or all my money, but not my husband.
Seriously.
pavel.chichikov wrote:
Shocker.
Cinco-X wrote:
I read it somewhere on the intertube.
volker now recognize snark
lawyerliz wrote:
she's a cannibal?
lawyerliz wrote:
the Nazi feels the same way about me, she thinks I'm such a ladies man, unresistable to any desperate middle aged female
oh, yeah,
my wife doesn't worry at all about me
later
She adores you and fears that all other wemmin are just waiting to snare you!!
Or, you are rich.
RockyR wrote:
Pacu ...
Ms. Griffith, 23, wouldn’t seem a perfect financial fit for a college that costs nearly $50,000 a year. Her father, a paramedic, and mother, a preschool teacher, have modest incomes, and she has four sisters. But when she visited Ohio Northern, she was won over by faculty and admissions staff members who urge students to pursue their dreams rather than obsess on the sticker price.
“As an 18-year-old, it sounded like a good fit to me, and the school really sold it,” said Ms. Griffith, a marketing major. “I knew a private school would cost a lot of money. But when I graduate, I’m going to owe like $900 a month. No one told me that.”
DEGREES OF DEBT; A Generation Hobbled by College Debt - NY Times
...Gotta go, but this is from the previous post...the one other thing that isn't said is that this moron has killed the chances of college for her younger sibs...(yes, Parents are even more moronic)..
...I only hope this is an isolated story...what passes for financial insight in the American home anymore??
Somehow, Az wise, are we sure that they have sent out the proper notices to everyone who deserves one.
Maybe that girl with the $120k student loan debt can trade her diploma for a house; after all the sheepskin cost $120k.
You think it's isolated hunh?
Maybe she should sue them for financial malpractice.
I'm starting a small canal house barge company in Phoenix to capitalize on the strong housing market. I start taking orders tomorrow if you want to wait in line. Hurry, there already are 50 people in line. There is also a taco truck in the parking lot if you get hungry. I recommend the carne asada.
lawyerliz wrote:
the appearance of wealth is better than actually being wealthy
Euro crisis deeper than 2008, summit good step: ECB Praet
| Reuters
"The euro zone crisis is now much more profound and more fundamental than at the time of Lehman," ECB Executive Board member Praet told a conference in Lisbon."
Dick Bove On Libor-Rigging: This Is Very, Very Bad - Forbes
Oops. I guess he wants it whisked away to the cornfield.
The fat lady has sung.
Bruce, thanks for posting that - geesh - that is crazy.
The next big bailout is probably going to be student debt.
lawyerliz wrote:
It was a terrific financial move for the university...
No actually, it isn't.
You can look rich (easy for a while).
You can be rich and look poor.
You can look rich and actually be rich.
The last one is reeeeealy rich.
I imagine that most of us are the second, with the word "modest" in there.
CalculatedRisk wrote:
I believe you mean one of the next big bailouts...
So Tucker of the BoE calls the Libor crisis a "cesspit" and expects it is still going on....as well as in other markets.
"A Financial Services Authority inquiry into Libor should be extended to other self-certifying markets, he said. The Treasury said last night that the review, led by Martin Wheatley, was free to examine markets other than Libor.
An expansion of the FSA review could take in a number of other interest-rate-related data as well as some complex financial instruments measuring the difference between banks’ borrowing costs and that of the US government. Some markets in gold and oil are also based on self-certification."
'A cesspit': Libor scandal may be going on elsewhere - Telegraph
Stuff like this is inserting itself into the REO pipeline, before it goes to the auction block. Your notes on LPS this morning just begs for an explanation of where it all goes?
Blackstones $13 billion investment into REOs
CalculatedRisk wrote:
I think yer being a little harsh; after all tens of thousands of others have done the same thing prodded by establishment propaganda, government subsidy and the hope that a private school sheepskin would give an advantage in the jobsearch.
Just listen to Citizen AllenM, Josap and the Arizona gang to get the street poop.
Capitalizing on the distress requires solving a puzzle: how to buy enough homes and manage the properties in a way that’s economical.
Aye, there's the rub.
Maybe they can get a notary in Hawaii to sign off.
inspired Judgement.
Elvis, yeah - maybe the FHA is next. But I really hate to see all these people burdened with huge student loans.
rosethorn wrote:
What about the chick that ran up $500k in college and med school bills and then dropped out of medical school leaving no possible means to pay it all back...She wasn't hideous, but nowhere good looking enough to pass as a high end call girl which would be the only way she could make enough to pay it off...
CalculatedRisk wrote:
You could 'bank' on it.
CR
the shortest way to a Keen sian jubilee is the forgiveness of student debt.
dress that up with prosecuting bankers now
a campaign ensues
CalculatedRisk wrote:
That's the subtext of this election and the front page of the next one in 54 months. Generational entitlements/conflict and Florida.
This is why I still think Romney will have a tough time - will
floridians really vote for the "austerian" guy?
Harvest her organs?
Like a laxative for the python with a pig stuck in it. Stand back.
Who doesn't like hispanics much?
lawyerliz wrote:
When I was starting out, me and Larry you'st to try and steal each others pencil. I you'st to go home with an extra pencil every day for weeks by stealing peoples pencils looking at drawings, starting a project. Didn't even know I was Doing it until My boss larry and I made a game of it.
Now that I think about it , people probably complained.
Who? What?
CalculatedRisk wrote:
Will QE III be the Fed to buy up student loan backed securities from Sallie Mae at a premium and forgive some portion of it, or just set them at the FFR?
dryfly wrote:
of course, the gubbermint controls it now, it won't cost us a penny either
Obamanomics is swell!
greenchutes wrote:
Hell ya - its gonna be YOUR austerity, not mine.
Students burdened by debt because of policy.
Home buyers burdened by debt because of policy.
bailouts for ever'body
jubilee
Blackhalo wrote:
The Fed has the power of forgiveness? I know they play god, but...
lawyerliz wrote:
I thought he liked to fire them?
That too.
lawyerliz wrote:
I don't think they're worth quite that much...might work for the Mom of the girl in Ohio, especially with a life insurance policy, if she can make it look like an accident...
energyecon wrote:
Shoot - who doesn't? Even more reasons he carries all them
rubered states.Repo the degree and find the real value.
volker the viking wrote:
Except the derivatives, the Top 20% are going to disappear.
Only to reappear in 80 years, In 5 years they will begin growth.
It just won't be a inherited Free Bee. TAXXXXXXXXXX the parisites FIRE.
Lobbyist Ben Dover wrote:
That is how private colleges can find themselves in lawsuits over misrepresentations. And lose them.
Gotta run - catch up later.
Rybe-y red. FL has the plumpest grapefruits, hanging like chads in a Secretary's office.
Ummm, that would be zero.
I, too.
Sippn wrote:
FTA:
Wait until they figure out that there are no economies of scale in SFH management beyond a small number, like say... 20?
dryfly wrote:
"The Movement for Involuntary Complexity. The way it works is, nobody wants to join it, because it just doesn't sound at all pleasant. But then people find out that they are part of it anyway."
-Orlov
No more Chads.
Not sure if what we've got is better, now.
Bad, Florida, bad, bad.
dryfly wrote:
Shouldn't the gubmint allow a degree to be depreciated like other assets? Maybe there's enough tax savings there to be of use...
sm_landlord wrote:
Absolutely agree, but their end game is to sell shares or monetize this just like loans were sold before, its not the property they'll make their money from. The final investor will hold the bag.
Lobbyist Ben Dover wrote:
Stupid idea.
Sippn wrote:
The 'Monsanto Rider': Are Biotech Companies About to Gain Immunity from Federal Law? | Food | AlterNet
Sippn wrote:
Future slum-lords, unite!
"Stupid idea. "
I notice you've been very short with people lately. Try not to let the heat and humidity get to you so much.
Think about those of us on the West Coast having to deal with wearing a cardigan due to the 60 degree and 0% humidity weather.
Are there enough dumb people out there who would hold that bag?
Blackhalo wrote:
Location, Location, Location.....
poic wrote:
Damn, that's dry, brah.
"Mr. Crawford played Little League and spent hours hunting with his brother. "He'd always been healthy," said his mother, Judy Crawford. In high school, he juggled jobs at a Chinese restaurant and a retailer, where he worked his way up to becoming a jeweler.
In the summer of 1994, when he was 26, Mr. Crawford started feeling unusually fatigued. He was diagnosed with idiopathic dilated cardiomyopathy; his heart was enlarged and couldn't pump efficiently. The condition had no clear underlying cause. Mr. Crawford didn't smoke, was 6-foot-2 and weighed 225 pounds
The Crushing Cost of Health Care - WSJ.com
Volker
full disclosure
I paid my and my ex-wifes loans back in the day
60 degrees, overcast in SF is it?
"Damn, that's dry, brah. "
I'm probably exagerating as usual.
Yep
"Weather for San Francisco, CA
64°F | °C Mon Tue Wed Thu
Mostly Sunny Mostly Sunny Clear Fog
Partly Cloudy
Wind: NW at 18 mph
Humidity: 60%"
It's my "humor" that has 0% humidity. Extra dry.
lawyerliz wrote:
Will Americans Make Tradeoffs They Don’t Understand? – The Great Energy Challenge
he needs to rebalance his meds
lawyerliz wrote:
I know, let's close all the state sponsored hospitals to pay for it!
Worst TB outbreak in 20 years kept secret | www.palmbeachpost.com
lawyerliz wrote:
Are there enough dumb people out there to take out $1 million mortgages to buy 2/2 condos to feed a securitization pipeline that could take down the world's economy?
"60 degrees, overcast in SF is it? "
Yes, so cold that I needed an extra hot, double-soy vente, triple-shot, single vanilla swirl, half decalf mocha this morning.
poic wrote:
And it's been that cold so long that the barista knew what you were going to order as soon as he saw you.
Ya I'll bet you did.
I liked San Fran.
I'll Be Back (!)
Albertans never know when to quit spending.
After the double FAPaccino you had?
Bad Dawg Bobby wrote:
Was there a few hours ago--- still gray, but I was on the Ocean Beach part of town.
Up in Valley of the Moon, and it is warm and sunny.
I think people who have brains and money enough to go for this sort of stuff might be wary.
But who knows?
Crazy eye Scott is Crazy.
If someone has to get tb, I hope it's him.
lawyerliz wrote:
What to do? | Energy Bulletin
The ratio of negative equity in RRE to student loans seems to be about 3x or a little less...3 trillion RRE to 1 trillion Student loan
no quibbling over exactness CoreLogic Reports Negative Equity Increase in Q4 2011
forgiving student loans seems a less formidable freeing up of debt than the real estate solution Keen and Shiller
also particpants in student loans rather than mortgage gambles seem more forgiveable
adornosghost wrote:
No white tentacles coming over the hilltops yet?
that is naive students having spent years in study are more forgiveable IMO than people jumping on the RRE bubble
energyecon wrote:
a rudimentary understanding of thermodynamics and evolutionary biology would put a end to this blog.
sm_landlord wrote:
not now
Drove back from Sonoma yesterday.
85 degrees and sunny at start.
65 an hour later in SF.
A lot of fog going onto the Golden Gate Bridge.
IBEW Local: Pepco Power Outages Due To Chronic Understaffing, Hiring Of Temp Workers | Crooks and Liars
adornosghost wrote:
Try explaining 'involuntary complexity' to seniors in Florida and I'd guess 90% would say they already got it - that's why they wear Depends.
adornosghost wrote:
Problem is, you can lead the horse to water but you can't make him think...
adornosghost wrote:
poic dances with the SF wafils and HomeGnome has bunga-bunged my sensitive Jew-Jew.
Other than that Ocean Beach sound Great.
Fog !
Sippn wrote:
This gets complicated, at least when looking at the broader market. There was a recent report on Oakland homes ("whole neighborhoods") going this route, but even though there were a few modest-sized operations (100-300 homes) the vast majority are individuals working just a few such deals. The top three operators accounted for about 12% of the purchases but then it drops off quickly.
Further, non-profits are getting involved to arrange for financing buyers, frequently in partnership with the for-profit folks who do the rehabbing.
you are such a juvenile
Cash for Clunker Degrees.
picosec wrote:
This needs to be addressed. TBTF are going to FAIL.
Need to Control the Crash. Organize the failures as best as possible.
We are YEARS LATE.
volker the viking wrote:
I know you are...
You know puctuated evolution, where things are gradual until they are not gradual at all, is where we are going.
Some of us are aware of it, and yet, there seems to be not much we can do to protect ourselves, much less everybody else.
The boom and bust of animals on islands, or rodents is very well known.
Perhaps the dumb are better off, since survival will be mostly luck, with a small amount of being quick on your feet to survive.
Perhaps it is better that enough of us approve of crazy eye Scott, so that a fairly large number but not all die of tb, so we don't go extinct.
By the way, my fil, who died in '84 at 84, met his wife, the hub's mother at a tb sanatarium. She was his nurse.
Greenchutes: Re Hitler and your comment to me that I need "...to understand it on an adult level."
I understand perfectly well the role of von Hindenberg and the industrialist thugs like Thyssen and his buddies at I.G. Farben, Krupp and Siemens.
I resent the implication that I don't understand these things "on an adult level."
Now you can shrug off the lessons of history, but I recommend that you do some further reading on the run-up to the takeover by Hitler rather than relying on Wiki, which is merely a good starting point. It was a more complicated story than you suggest. Hitler didn't win a majority of the Parliament in 1933 but it only took him a couple of months to consolidate his power after being named chancellor. If it happened in Germany, it can happen anywhere, anytime.
Jan. 1933 -- Hitler becomes chancellor of a coalition government, where the Nazis have a third of the seats in the Reichstag
Feb 1933 The German Reichstag is destroyed by fire. Communists accused.
March 1933 The Enabling Act passed. Powers of legislation pass to Hitler’s cabinet for 4 years, making him virtual dictator. Proclaims Nazi Party the only political party permitted in Germany. All other parties and trade unions are disbanded. Individual German states lose any autonomous powers, while Nazi officials become state governors.
April 1933 Communist Party banned.
May 1933 Socialists, Trade Unions and strikes banned.
The Enabling Act abrogated the German constitution. A series of quick moves by Hitler and his henchmen disabled the press, his rivals both within and without his own party and created the structure for the Final Solution. With several swift moves, he swept away civil rights and with it the civil society.
Yep, I was thinking that myself.
KarmaPolice wrote:
From that link:
Cherry picking.
lawyerliz wrote:
Punctuated equilibrium is the term Gould used.
(I should not leave Eldredge out)
Just checked that pacu story. BS.
I've seen a lot of humans in the water and never heard of one biting at the testicles of the fishermen. Maybe in Florida. I suspect Tom Stone could say something on this matter, or perhaps the avid fishermen in this group.
lawyerliz wrote:
Punctuated.
Look at his parents.
They don't look healthy to me. How did they feed the guy as a kid? In the womb influences.
I stand corrected, but I also stand by my punct.
pavel.chichikov wrote:
Darn spell check!
lawyerliz wrote:
As long as you're taller.
I think it is perfectly fair for the fish and the rest of nature try to avenge themselves on us.
picosec wrote:
Of course. That is the point of the article.
I was referring to the idea that Mr. Crawford had no underlying cause....other than he was obviously overweight.
lawyerliz wrote:
10 pound babies ARE NOT normal.
U.S. Employers Plan to Add Jobs in Third Quarter, Manpower Says - Bloomberg
lawyerliz wrote:
Don't tick off the giant crab.
Yes they are.
So if you screw up with your spelling and you're corrected do you get punct?
Was he 10 pounds, didn't read down that far.
That's a sign of diabetes.
Comrade Alexei Mikhailovich wrote:
Heh ...
you missed it...
This might help you with your humid :dust fart dreads: problem Gnome
dreads while gardening in humid area - dreadlocks - tribe.net
lawyerliz wrote:
Sure, but generally when men are in the water,...hummmmm what the heck, we're not in the Michigan senate), the scrotum retracts the testicles towards the body. Ask your husband. Now I know they wear penis gourds in New Guinea, and pacu love squash, so maybe, just maybe, they might,...nah.
The ugliest hair style in the entire universe.
Cinco-X wrote:
haha
lawyerliz wrote:
That isn't in the article. I was simply making the statement.
And you are right. Pre-diabetic infants.
sm_landlord wrote:
Expensive lesson, but lots of bonuses to be made in the meantime.
in your case your birth weight remained constant in that you was borned full growed
adornosghost wrote:
Thanks for cheering me up. Still behind the orange curtain?
volker the viking wrote:
Somebody has to be most expensive.
I suppose this is forgiveable, because he was young, and thus might have a lot of life to live, rather than torturing a 90 year old for another painful month.
lawyerliz wrote:
CalPers.
Asthma:
Dogs Boost Children’s Immune System - International Science Times
This heat has wiped me out.
I'm exhausted.
lawyerliz wrote:
no, but I'll hold your hair while you vomit when the full realization of just how serious it is sinks in
It was a purchase by a church, by the way.
adornosghost wrote:
Interesting ... BTW, he's co-author of Amazon.com: Drilling Down: The Gulf Oil Debacle and Our Energy Dilemma (9781441976765): Joseph A. Tainter: Books
Tom Stone wrote:
Back in Sonoma, as of a few hours ago.
The Orange Curtain was brief, but not bad.
Lots of shiny things.
Tom Stone wrote:
I've looked into the Oakland situation and these homes are renting for a cap rate of about 50 based on purchase price, probably 60-70 after fixing them up. I agree that managing a herd of SFHs in this price range is challenging, but you can afford that and even some price depreciation (if that were to happen) with that level of cash flow.
I think these guys are going to do alright.
"This heat has wiped me out.
I'm exhausted.
Tired"
Put your feet up and have a cuppa tea. With milk and a bit of sugar.
Bubblisimo Gerkinov wrote:
If you haven't read Tainter, he nailed it. Probably proves time travel, as no one could of been that correct.
lawyerliz wrote:
For what purpose?
WAKE UP!!!
adornosghost wrote:
The women...
Tom Stone wrote:
adornosghost are you in OC? I thought you were in the mid-west.
adornosghost,
Can you recommend any local farms for buying meat? There's seems to be a bunch on the back-road running from Sonoma to Santa Rosa. The local markets charge an arm and a leg. tia
Actually Tom if you know of any local places as well please chime in (:
damn the mp
he's already updated that 3 thousand dollar thingamajig of his
the Conjure Clock...
I promised a vid mash right after so I'd better get cooking...
picosec wrote:
The landlord/tenant laws are a bitch. I don't see better than 10 as a cap rate here, doesn't work long term.
Stemple Creek Ranch - All Natural Organic Grass Fed Beef and Lamb | Grass Fed Beef Marin | Grass Fed Lamb Marin | Organic Beef Marin | Organic Lamb Marin | Organic Grass Fed Beef Bay Area | Organic Grass Fed Lamb Bay Area | organic beef and lamb Marin Cou
but probably not cheap.
Bad Dawg Bobby wrote:
Sonoma.
poic wrote:
Willowside meats on Guerneville rd, there are a couple more on Adobe rd near Petaluma, one just south of E Washington.
Tom Stone wrote:
I may be using the "cap rate" term incorrectly. I meant it as the purchase price (+ any improvements) divided by the monthly rent.
Sonoma is nice. Close to the up and coming Hurd though.
picosec wrote:
Than I would agree.
You Do Know that it is going to be Different this time, Right?
poic wrote:
Olivers in Santa Rosa has Hicks Ranch (one man operation), with reasonable prices.
Explore the local guys-- expanding market up here in gourmet land.
Dinner:
Pan seared Sockeye Salmon smothered in dill and dijon with shallots and leeks and homemade quick pickled vegetables.
And another one bites the dust, this time in my own backyard:
"Russ Wasendorf Sr., the founder and CEO of PFGBest, reportedly attempted to commit suicide this morning outside the corporate headquarters in rural Cedar Falls, company officials confirmed Monday afternoon."
Wonder how many farmers lost their ass in this one?
Futures Brokerage PFG Best Freezes Accounts Following Discovery Of Accounting Irregularity | ZeroHedge
poic wrote:
like the puss you are
YUM, making me hungrey.
I resemble that.
Thanks Tom,
You've got
Bad Dawg Bobby wrote:
Blow a few bridges, and we will be cool.
Bad Dawg Bobby wrote:
Sebastopol is off the major evacuation routes. The Valley of The Moon is far enough out to be OK in almost any situation.
adornosghost wrote:
Another very worthwhile read on our energy situation ... A Thousand Barrels A Second
thanks very much adhorno
I'm taking a short vacation soon but when I return I have two projects planned:
...and people ask me if retirement is boring
adornosghost wrote:
Don't Laugh, that will definitly slow down and direct traffic.
poic wrote:
You tell him, Jose Pervo.
The Drowning Pool by James Howard Kunstler
so far
"You tell him, Jose Pervo. "
Excellent response.
picosec wrote:
Could become interesting, Could.
picosec wrote:
You write well, I look forward to your posts.
gulfnews : Parents try to smuggle baby into UAE in hand luggage
Anyways Jose Pervo sounds like the name of a priest.
JUST KIDDING
picosec quoted from a wsj.com article that said:
And a person who's found disabled by SSA becomes entitled to Medicare coverage only after receiving SSDI monthly cash benefits for 24 months (or being entitled to receive those cash benefits). Before then if you can't somehow become eligible for Medicaid, you're out of luck.
What % of the 2 trillion or so (not including the "off budget appropriations) spent on the invasions of Afghanistan & Iraq--so far = the cost of this unfortunate person's health care?
The article does suggest that it's wise for people, particularly those w/severe chronic illnesses to complete a health care power of attorney or POLST or whatever (if anything) the equivalent is in that person's state. Some written statement of his/her wishes should he/she become fatally ill or seem to be in a vegetative state or coma or just at what point he/she wants medical treatment to end.
poic wrote:
"- look around at America itself: a wasteland of futile motoring and discount shopping populated by depressed, overfed clowns bedizened with sinister tattoos, pretending to be Star Warriors. No nation ever seen in human history ever laid such a disappointing egg. Only to have it fry on the sidewalk."
JHK
adornosghost wrote:
sad, sad man
one trick pony, elitist prick
other than that, he's okay in my book
Swing State TV Stations Spiking Ad Rates As Campaign Cash Pours In : It's All Politics : NPR
HomeGnome wrote:
114 here.
josap wrote
114 here
AC here a cool 78 inside
volker the viking wrote:
And is quite a entertaining writer.
Just read Amazon.com: Too Much Magic: Wishful Thinking, Technology, and the Fate of the Nation (9780802120304): James Howard Kunstler: Books
Kunsler is in ascendance, at least according to the market place-- and what else is there?
pavel.chichikov wrote:
Now, Pavel--none of us use that nickname for you.
BarleyReturns wrote:
Nice inside here as well.
But I have been in and out of the heat all day.
Day started at 6am, I won't be done till at least 7pm tonight.
It's great to be self employed
josap wrote:
Wingpawn Global Cooling?
adornosghost wrote:
logic and reason?
adornosghost wrote:
I don't know what that is, and my brain is too fried to look it up.
adorn wrote
Global Cooling?
Paging Mr. Gore. Mr. Gore pleeze answer the white phone.
volker the viking wrote:
I would not say that is absent----
However, his predictions have been- colorful? Is that the correct word?
106 is freaking exhusting to be working in.
I did one of my rides this weekend in approx. 85 degree weather and was nodding off later that day LOL
josap wrote:
I made it up- I think it brings balance to the reason based people.
josap wrote:
More of that easy money managing rentals!!
Nythinb happen in Yurp today?
Reality bites:
This needs to be resolved," Scranton firefighter and president of the local firefighters union John Judge told FoxNews.com. "My members are getting a check for $7.25 an hour. These are people that are the head of their households. They have mortgages. They have other living costs. They are now going to have to throw their bills in a hat and randomly pick what gets paid on time
Read more: Pennsylvania city workers to take mayor to court over across-the-board minimum wage salaries | Fox News
There was no money in the city checking account, right? Bk filed yet?
adornosghost wrote:
derivative comes to mind
like most of the post apocalyptic doggerel
lawyerliz wrote:
Just the slow unwind.
Bk the city, bust the Unions, contract out the work to connected parties, claim success, run
for higher office. Rinse and repeat.
Scranton mayor wanted to raise taxes. Council wanted to borrow. They couldn't do a little of both I guess.
BarleyReturns wrote:
What'd Scranton do with those "The Office" royalty checks?
Don't know much about bk, but under certain circumstances creditors can force bk.
sporkfed wrote:
Looks like Mittens is also a Koch Sucker:
http://graphics8.nytimes.com/images/2012/07/09/us/ROMNEY1/ROMNEY1-articleLarge.jpg
mhdoc wrote:
Well, from 6am to 9am I did my management work.
From 9am to 3:30 pm I went to 3 banks, 1 acct office setting up to fire the manager of our self manaaged HOA who has been stealing money. The other board members can't read the financials. We found out from the accountant this has been going on for at least 2 years. We, all of the board, are going to his place this eve to fire him and get all the records. He is my neighbor.
josap wrote:
Oh, man. I hope tomorrow is better than today for you.
josap wrote:
Welcome to the HOA .
We are ok because we are and have been for the resent years,,,,,,,,,,HONEST. But we understand, it is an easy ripoff.
I explained and we are setting up systems to insure this doesn't happen again.
A little compromise all around would save Scranton a huge headache.
josap wrote:
Well, at least you only work half the time, and get to pick sometime what those 12 hours will be.
volker the viking wrote:
Nah, Has head problem with who he is. Not comfortable in own skin and must put society down to make self feel good.
So Did We, years ago and It works.
Trust but verify. Two Signatures.
josap wrote:
Suckage.
Adorno, any interest in that place with a stream?
Give us a Little Kiss.
YouTube - THE PILGRIM, CHAPTER 33 - Kris Kristofferson
Bad Dawg Bobby wrote:
yep. and all of us can look (only look) at the bank accounts any time on line.
Tom Stone wrote:
suckage my ass, Jail Time for the thief.
55⁰F 75%rH
It's a HEAT WAVE!
Wow. Never do biz with a neighbor? Oh yeah. Hoa. Would have to be
It's crazy cold! We're not even halfway through Winter and I'm ready for Summer.
lawyerliz wrote:
The sence of comunity and the cost saving by organizeing # for repair is VERY COST EFFECTIVE, With out THeift .
just a plain good Idea. It works.
lawyerliz wrote:
One very, very bad model, IMHO.
Horror stories abound.
Bad Dawg Bobby wrote:
Dealing with stuff like that is saddening, lots of people got hurt. Jail time is appropriate but it doesn't make people whole.
josap wrote:
I missed the organizational meeting of our commercial development "HOA" early this year. They elected me Treasurer in my absence. I figured they needed a fall guy.
sm_landlord wrote:
Yes.
For Greece, Ireland and Spain.
YouTube - Too Late For Goodbyes - Julian Lennon (HQ Audio)
sportsfan wrote:
Is the commercial HOA paying for your E&O insurance?
Tom Stone wrote:
Yes.
You wouldn't believe the multiple ongoing Community Association sagas in Las Vegas. They overwhelm anything I ever saw in California.
HOA scandal involving millions of dollars and thousands of homes cuts wide swath across Las Vegas Valley - VEGAS INC
You can't go wrong investing in commodities.
Patriot Coal says it filed for Chapter 11 bankruptcy protection amid weakening coal sales - The Washington Post
sm_landlord wrote:
Yup. (It's actually okay. We control the board. They know I do numbers.)
addon: Yes, two signatures.
sportsfan wrote:
You weren't there to defend yourself.
Hcn slow, reading autobiog of Ben Franklin. He desired to be more virtuous so he listed the virtues & made a spreadsheet of his progress in same. It really was a spreadsheet! Ole Ben truly 3was a man for all seasons & would have done just fine, reborn in the here and now
Problem with some HOA's is most owners don't show any interest and leave the door open to mischief.
We are having a police officer meet us and go with us to his unit.
He is in foreclosure (auction on the 12th)
This will be very confrontational.
He is under stress already.
Better safe than sorry.
josap wrote:
Good call. Nothing beats "keep the peace" before all hell breaks out.
sm_landlord wrote:
OOOOOH, it only hurts while I breathe.
Time for me to go.
Later.
josap wrote:
Very much so. My best wishes for a peaceful resolution.
yep, all they have to do is make demand in full when the terms and conditions are not met
MaryAnn wrote:
works for me
sm_landlord wrote:
The Chicago Trib has a weekly column about condo management by a housing attorney. Self managed seems to be an oxymoron meaning "nonmanaged". Nearly all the letters he discusses begin with those words and go on to tell tales of egotistical tyrannical board members, double dealing self managed managers, and stolen funds. The laws here in Illinois work pretty well and property managers have to know them and know how to follow them. A professional manager would probably also require an audit occasionally and would have caught the thief by now. They cost money but seem to be worth it in the long run.
lawyerliz wrote:
Yes. Although, the utilitarian calculation of happiness isn't going to get you all the way to enlightenment. There's a limit to every vision.
YouTube - Neil Young - Imagine
sportsfan wrote:
Oh my.
Good gracious me.
.
.
.
F :
Tom Stone wrote:
I let them know--
I'll call.
As you know, it was more than I expected- truly a gem!
traderwalt wrote:
Even after decades of experience, it's not easy to manage properties. I can only imagine what happens when someone with no experience is given a role like that. Pros cost money, but someone with experience needs to be watching the store.
When I saw that F
I was fully expecting a post from HG.
PFG Is Now MFG(lobal) Part 2 As $220 Million In Segregated Client Money Has Just Vaporized | ZeroHedge
Missing money
well, waddaya know, something useful from sportsfan
Tom Stone wrote:
No but it stops the thieft of HOA moneys.
Glad I'm not in josap's shoes tonight; I'll tell you what.
Yeah, wishing josap lots of luck. That's gotta be ugly to deal with.
okay, volker in, feel bad for josap too
Are you sure?
Are you just saying that to be cool?
The twines love you josap.
Any amateur psychoanalysts want to explain why I just flashed on this video?
Homecoming Queen's Got a Gun
sm_landlord wrote:
I agree. In Illinois, property managers are licensed; so they have to be somewhat knowledgeable. But it's up to the Board to hire a competent manager who hopefully has experience and to hire other members of the condo staff, like the engineer and his workers. I think too often self managed HOA Board Members are competent but never find time to oversee the manager. Timely Board meetingswhere all complaints are aired, force the Board to do its job in most cases.
"Are you sure?
Are you just saying that to be cool?"
F
!!!
Your reaction, while a pathetic cry for attention; is not unexpected.
adornosghost wrote:
Thanks. I need to learn how to puff a place. Or maybe just find people who understand I am one critical SOB, and when I say a place is nice, it is.
Burn The MotherFuckers.
A Thief is a Thief (!)
not really cool as much as not considered a hard hearted sort
cool is never a consideration for volker
volker is cool, you can look it up
you're not very good at this
Burn The MotherFuckers and pass condo laws to protect all condo owners.
WHAT???
sportsfan wrote:
Wow. My subdivision's HOA has problems, but nothing on this scale.
so, look it up
Rajesh wrote:
Really, the last game.
http://www.theoildrum.com/files/3.%20Named%20Saudi%20fields.png
Elite's fighting over the dregs to see who will be the last one standing.
Global slump eroding U.S. profits - The Globe and Mail
Monday, Jul. 09 2012, 7:41 PM EDT
"Slumping global growth and the euro zone debt crisis are deepening their bite into corporate profits.
Investors are bracing for an onslaught of tepid second-quarter corporate earnings reports starting this week, amid expectations of near-zero profit growth and worries that the long upturn in North American earnings is at an end.
The main culprits are weak demand in Europe, slowing growth in China, and a U.S. economy that appears to be losing speed.
Profits are likely to drop 1 per cent from the same quarter last year, according to analysts polled by research firm S&P Capital IQ..."
<. Unfortunately I'm with retard above (who's making unsubstantiated claims)
^^ I'M WITH STUPID ^^
Quite the contrary, dear volker.
self assessment always results in grade inflation
always
traderwalt wrote:
HaHaHa, if they are not in place you are one fucked up Condo Owner.
Lastly,
Illinois Condo Act
Burn The MotherFuckers
"self assessment always results in grade inflation
always"
A D+ is still bad, grade inflation notwithstanding.
poor Gnome, bless his short little heart
My heart growth was stented
poic wrote:
You made a D+?
YouTube - 24. Tom Waits - Singapore (Live, Atlanta 2008)
were you a smoker?
no, that's not it
were you born to Circus parents?
OK then - some munis going under.....now its time for suppliers to fish or cut bait
(interesting)
God bless Tom Waits
YouTube - Tom Waits - Small Change
Geezus, Volker.
Get your shit together.
This is the blogosphere; not some dank ass cajun cave, son!
HomeGnome wrote:
Poor Gnome.
So in the same thread we have Josap telling us the realities of property management while upthread there are mentions of investor groups buying several hundred properties. Someone did mention that property management doesn't scale well
I guess we can be sure there will be an ongoing supply of distressed property with motivated sellers.
volker the viking wrote:
His last album was superb!
And a local.
adornosghost wrote:
Weirdos.
mhdoc wrote:
One can only Hope, at least where we are interested in Growing.
YouTube - ZZ TOP- LA GRANGE
mhdoc wrote:
"The essential point to me is that unconventional fossil fuels are caught in a paradox - that their EROEI is too low for them to sustain a society complex enough to produced them."
Nothing scales well as things become this complex.
His last album was superb
I aint dead yet, so I'll reserve judgement
volker the viking wrote:
Ya, if I thought like that I'd have killed myself. Some brains can handle it better, I guess.
YouTube - Neko Case - Christmas Card From A Hooker In Minneapolis (Tom Waits cover)
adornosghost wrote:
What about Chris Christie?