May happen again this October.

By definition, the more desirable buildings have more demand. Hence it takes longer for prices to decline.

“Fast-growing retailer Steve & Barry’s is expected to file for Chapter 11 bankruptcy protection as early as Wednesday … A filing would be devastating to mall owners across the country, who ponied up hundreds of millions of dollars to attract Steve and Barry’s into huge, empty spaces often as large as 100,000 square feet. Potentially all of those 275 stores could close”

WSJ via CR
http://calculatedrisk.blogspot.com/2008/07/more-bad-news-for-malls-steve-barrys-bk.html

“Let’s kill the environment to save the doughnuts!”

man, that about sums everything up…doesn’t it.

SAS

Good thing Colorado doesn’t practice Sharia law.

“Library thief gets 10 years, big bill”
http://www.denverpost.com/breakingnews/ci_9819779

SAS

My preppy, lacrosse-playing daughter can throw all the MS-13 signs (under threat of death- at my hands- never outside the doors of my house).

She learned them at N. Hunterdon HS.

“When did Fair show up and who invited her?”

Dat’s wat I’m talkin’ ’bout! Dammit, Grim owes us the favor of opening up the biggest DOS attack on Frank in the history of the internets!

They are much easier than they used to be. The extra inspection is no longer needed and a good lender can actually close a VA loan in about 5 days. A buyer can also avoid MIPs with a VA loan, and that’s hard to do in the conventional market right now. VA also increased their maximum loan amount in our area. VA loans can also offer a better rate than conventional financing. Navy Federal also has a loan program call Veteran’s Advantage (?) that is similar to a VA loan but a little better in terms and conditions.

VA loans also allow for 100% financing without MIP. There is, however, a one-time funding fee, which is waived for injured vets.

Best of all, VA loans are assumable, which means that when the call or transfer comes, a soldier can dump a house quick in a problematic market.

I cannot shake the feeling that sometime after the election in November, especially if Obama wins, George III will launch a protracted military attack on Iran.

Thanks, but I disclaimer everything I say & I take the risks with eyes wide open. Being heavily short is not why I got into investing, nor can I say it is especially fun. I do not find it fun at all. It feels to me like betting against my favorite team. The “wins” always feel sorta empty.

However, I’d rather be short a ton of stuff and slagging out a single-digit return than being long a sinking ship and waking up every day wondering if this will be the one when all the rats abandon it.

Because one day very soon, the rats will be taking a walk.

All disclaimers.