Housing Bubble Blog Promotion
Wednesday, November 14, 2007
I just had a great idea. Why not subscribe to my blog feed over there on the right-------------->
Just enter your email address and click 'Kaboom!' Pretty easy really. Then you'll have great housing bubble information piped directly into your email inbox.
Also, it would be nice if you could click the 'Technorati' button to add me as a favorite. I know, this is a shameless plug, but I'm trying to build a readership here.
Thanks,
Housing Boom
posted by author @ 9:34 PM,
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Countrywide in Trouble
Monday, November 12, 2007
Countrywide is the world's largest lender, but they're in credit trouble and they've lost $1.2 Billion during the last quarter.
Seems ironic.
"In the latest filing, the company said some 5.8 percent of the loans in its servicing portfolio were behind in payments by 30 to 90 days as of Sept. 30, up from 4.5 percent in the year-ago quarter.
About 23.9 percent of its subprime loans made to borrowers with shaky credit histories were delinquent, up from 16.9 percent, the company said."
CNN Mony
posted by author @ 7:01 PM,
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Dead Equity: Put it on Black
Wednesday, November 07, 2007
A frequent reader to my blog (obviously a devout christian) sent me this link to an article about investing your home's equity.
"Too many people simply look at their home as a place to live," says Sheila Delutri of Merrill Lynch Financial Advisors. What follows is a suggestion that homeowners actually withdraw the built-up equity from their homes and invest the proceeds in the stock market. "Or, in other words, 'play the stock market with your house on the line'. By the way, who are these idiots who see their house as a 'place to live'?
Cmon' start pimpin' that sucker!
Should You Invest Your Home's Equity?
After reading the article I came up with some ideas for dealing with burdensome equity:
1. Pull out $50,000 and put it on black at the roulette table.
2. Max out equity and invest in telemarketing scheme.
3. Stop making house payments and buy Beanie Babies.
Sounds like pretty good advice.
posted by author @ 7:53 PM,
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The Best Places to Live. Whatever!
Sunday, November 04, 2007
Just like every copy of Men's Fitness, Men's Journal, Details, Esquire, etc., CNN Money has published their guide to the 'The Best Places to Live' for 2007. It seems like CNN only gets the news right 50% of the time, so I'm betting that their list is garbage.
Let's take a look at their list and see where the hell CNN thinks I should live.
*Note - I became so aggravated that I had to cut the list of places in half, so I'll only be writing about 5 cities.
1. Middleton, WI - Middleton, Wisconsin USED to be a great place to live until CNN published their list and then a bunch of assholes from California moved there. I'm sure the residents of Middleton are petrified. Thanks a lot CNN.
2. Hanover, NH - The 2000 Census puts Hanover's population at 10,850. Sounds like a nice small town, right? Well, how about the 30 cemeteries in Hanover? 0.00276497696 cemeteries per person is a startling figure.
3. Louisville, CO - From Wikipedia
"From the time of Colorado's first strike in 1883 there were frequent labor strikes in Louisville, and the town was frequently placed under martial law. Mercenaries were hired by mining companies to spray machine gun fire across the line of thirteen saloons on Front Street, while the town's residents hid in their basements and tunnels."How do we know that this wont happen again, Louisville?
4. Lake Mary, FL - Here are just a couple of quick news headlines from Lake Mary, FL:
- 7 Year Old Boy Takes Car on Joy Ride.
- Thieves Targeting High Priced Homes.
- Deputy Accused of Exposing Self.
Please. This place is obviously riddled with crime.
5. Claremont, CA - This is a city in Eastern Los Angeles, only 30 miles east of 'Downtown L.A.' Need I continue?
I think that I've just about had it with magazines and websites telling me where I should live.
posted by author @ 5:22 PM,
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