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I’ve been following this listing on craiglist. The price has been reduced twice (that I know of) and now they’re listing it as a lease option.
Lease for $2100? Who is going to rent that? It does not even have graniteel, although it does have wood floor.
we have TODAY (hurry, these offers will expire TONIGHT) :
$458,000.00 at a 3.27,% fixed-rate
$389,000.00 at a 3.68,% variable-rate
$478,000.00 at a 3.99,% interest-only
$288,000.00 at a 3.10,% fixed-rate
$147,000.00 at a 3.85,% variable-rate
Clearly introduction rates. Why would anyone lend to a sheep at 3.27% when they can lend to the government at 4.3%?
I give up. My shit ain’t going through……..
Try putting it on a website and post a link. That should work if you shrink the url with tinyurl.
Plus, who the hell would lease option anything in a declining market, granishcmeel or not? That pilgrim would love to lock in todays price on that bitch and start collecting rent.
Lease options are complex arrangements. I bet most people do not understand options when they enter into such agreements. Many will face reality. :-P
Welcome back, Mr. Up. How is the weather down there? Have you seen surfer-x lately? :)
And many will get their faces ripped off by it as well.
Faceless reality? :)
PolishKnight,
God love you good sir!
Your comments are very much at the core of this issue. We took the low road every step of the way. Should we,
Stimulate the economy through investment in cap. ex. to assure our leadership role in the global economy? (High Road) or
Spend our weekends at Home Despot (TM) mimicking what we say during weeknights on Trading Spaces? (low road)
Should we,
Confront our economic and tax policies? (High Road) or
Shop for a ridiculously priced RV? (low road)
I won't beat it to death but you get the idea! Whenever we've been confronted with chioces over the last several years we've plunged headlong towards the low road. Now that our very currency is in peril we're out of low roads to take. Bulls like to point out that the FED could lower rates if their precious bubble deflates too quickly and I suppose that might be an option as long as you don't mind paying $5.75 for a gallon of gas!
Hey, you guys ever hear the term "7 sigma events"? It's what I've been going on about. It says that weird shit happens. I am convinced that we are going to see some things that are years in the making, and it will catch most people off guard. I think that debating whether or not there is a housing bubble is now a moot point. I also enjoy the Schadenfreude of hearing about greedy homebuyers getting their due will partially mitigate the total collapse of the global financial system.
I think in the end, people are going to properly forecast the collapse of this bubble, because they won't have the guts to make dire enough predictions.
Anyone ever have trouble posting with the copy paste method from word? Am I doing something wrong? The world needs to see my masterwork.......and it's never too early to start looking at the end game.
People, please consider the purchase of some firearms. BTW, San Francisco does not have the power to suspend the second amendment. I'm waiting for some patriot who lives in SF to go after those fascists.
Hey, you guys ever hear the term “7 sigma events�
I was predicting a 10-sigma event for October but it did not happen. :(
Perhaps a tsunami on the west coast?
One created by eco-terrorists to show that "global warming" is real? :)
RE: yield-curve inversion
I remember that when the yield-curve was last inverted in 2000, so many people were discussing why it would not matter.
From Ben's blog:
"Although house prices are down about 10 percent from July’s peak, MAR President David Wluka isn’t alarmed. 'This is not a harbinger of anything I see other than a return to normalcy,' he said."
I also remember hearing "a return to normalcy" in year 2000. :)
I guess a crash is a normal event.
Its interesting that George Bush seemed to really hold the Torch for Home Ownership- I think I heard him 2-3 times talking about how great times were and referring to how many % of americans were proud home-owners. He was really doing a Sales Pithc for people to buy homes.
Homeownership is a good thing. However, entry point is very important. I doubt many people would prefer to be renters regardless of market conditions.
The Term Ownership doesn’t really exist… Never Really has..
It really just different Level Of Control..
It is also a way to manipulate emoticons.
emoticons -> emotions ~No Big Deal its Called Fingers one finger typing faster than the other.. or hitting the wrong key- I’m plagued with it~!!
Or "fat-finger risk"?
It can cost hundreds of millions. :)
I Wouldn’t be the one to write the book I would have to get someone to write it for me. My talent doesn’t apply toward writing.
Jamie or SQT may be able to help.
MAYBE FAT FINGERS ARE MY PROBLEM…. 5 Feet 8-9 and size 12 Shoes and FAT FAT FINGERS Myself to match my Shoe Size.
It is not literal. :)
No, but I’ll bet he’s dropped some of his hard earned in one of my businesses.
extremely doubtful, a true 10 sigma event. I don't spend any money in SLO, and if you're one of the fucks that owns CCS, given the recent surfboard price gouging, I won't even buy a bar of wax from them. Panchos just got 650 from me for a 9'6" stewart hydrohull though.
Besides I thought your business was selling bullhorns so you and your piece of shit yuppie friends can laugh more effectively at all the lower class servants.
So what are you guys’ New Year’s resolutions?
Probably a little more work, a bit less internet.
Especially today--we're cleaning up from a nasty storm.
4 foot of water rushed through downtown San Anselmo.
Lucky we're located on a hill (but just 20ft above sea level)
I bet Jack's out there cleaning up as well.
Spending New Year's in Sonoma, that is...if Russian River doesn't wash us away.
Another storm due tonight before dawn though, so I may still be in for a three sigma event before its all over. Thanks and hope you have a Happy New Year in Sonoma!
Thanks, Jack! Have a great (and hopefully drier) New Years everyone!
Local Bay Area bloggers: be on the watch for driving hazards tonight, such as news trucks and reporters clogging areas of local flooding.
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TWIT suggested this:
Perhaps a post about meaningless statistics would be in order.