Comments on: A Slow-Motion Train Wreck

By: Erik Lindamood

Erik Lindamood — Mon, 05 Nov 2007 18:43:48 +0000

The foreclosurer rate all over is rising. It is definitely a buyers market only where is the buyer suppose to obtain funds?

By: PGC

PGC — Tue, 30 Oct 2007 12:13:18 +0000

#251 Kettle

Buying Bullion. If it is a small ammounts, head to the diamond district in NYC. You should be able to buy troys over the counter. My grandfather always had gold sovereigns. I think Krugerands are the world standard for gold coins.

By: lisoosh

lisoosh — Tue, 30 Oct 2007 04:00:29 +0000

grim Says:
October 29th, 2007 at 4:57 pm
“What does buying $100 worth of junk in Macy’s have to do with buying real estate?
The analogy is perverse, there is very little in common.”

That is why it is such a good example of the twisted logic that many sellers are using to convince themselves that they are doing the right thing.

By: mr potter

mr potter — Tue, 30 Oct 2007 03:10:25 +0000

Expensive Day for HSBC at the Sheriff Sale

http://www.visitmonmouth.com/sheriff/sale/index.asp

2 Properties sold

1) Judgement was $567k HSBC bought it back for $298k

2) Judgement was 218k sold for $100

By: RentinginNJ

RentinginNJ — Tue, 30 Oct 2007 03:01:11 +0000

What is the best way to buy physical gold silver

Ben from Ben’s Blog (thehousingbubbleblog.com) recommends http://www.apmex.com/

Caveat Emptor…All Disclaimers Apply

By: Ed Sanders

Ed Sanders — Tue, 30 Oct 2007 02:51:57 +0000

Kettle1,

You seem like a reasonable thinking guy, so I can’t figure out why you buy the garbage on SS.

Here’s a link to get you started:
http://tinyurl.com/2clty8

It’s short and mostly to the point.

SS is nowhere near being a significant problem, Medicare/Medicaid is another story, but they are not the same thing.

By: mike

mike — Tue, 30 Oct 2007 02:49:21 +0000

how bad is the new construction market?

my parents bought a brand new house with all upgrades in southern cal from KB homes… original list price $780k… purchase price… $490k

By: bi

bi — Tue, 30 Oct 2007 02:45:31 +0000

234#, it is a loss but i don’t think it was too bad: lost 15K including cost for 2 years.

By: grim

grim — Tue, 30 Oct 2007 02:44:02 +0000

How about this one folks?

322 Pinnacle
Jefferson, NJ

Purchased: 08/06/04
Purchase Price: $550,000

Foreclosed, JP Morgan

Sold: 10/26/07
Sale Price: $510,000

Lower than 2004 prices? Ouch.

Really stinks to be 325 and 330 Pinnacle, both for sale at $600K+.

By: sc

sc — Tue, 30 Oct 2007 02:43:40 +0000

by any chance does anyone have any opinion on Bridgewater? my wife and I were looking around the Rte 28/Vanderveer lane area
thanks

By: grim

grim — Tue, 30 Oct 2007 02:38:07 +0000

Interesting sale from Montclair, NJ:

44 Union Street (1br/1ba condo)
Purchased: 11/1/2005
Purchase Price: $220,000

Sold: 10/29/2007
Sale Price: $217,500

Approx. Loss: $15,000

By: bi

bi — Tue, 30 Oct 2007 02:33:40 +0000

232#, kettle, any idea on boitech for long term ( 5years+). i am not interested in single stock but on sector?

By: Kettle1

Kettle1 — Tue, 30 Oct 2007 02:25:22 +0000

not looking to profit, pplan to hold long term as an “rainy day” hedge, not talking about 50% of my portfolio…..

By: BLB

BLB — Tue, 30 Oct 2007 02:21:19 +0000

About gold: don’t you think that by the time an investment trend becomes fad among the lumpen investor the smart (or inside) money has already profited and is about to move on?

By: Kettle1

Kettle1 — Tue, 30 Oct 2007 02:05:35 +0000

bi,

glad you made money! thats what we are all in this (market not RE specificly) for

#228
My desire to hold bullion is wihtin a single % or my portfolio, i already have a large percent of it diversified in europe/asia/etc