To: TheSheep

Isn't that the latest in environmentally friendly lawncare? As an aside, I can't believe you found that. Kudos.

The domain name is registered until September 8, 2012. I'd watch it in case that housing market ever turns around, they might pay a pretty penny to get it back.

Or...

The domain name is registered until September 8, 2012. I'd watch it in case that housing market ever turns around, they might pay a pretty penny to get it back.

Or trade the domain name for a sandwich and coffee.

Here's another, Shelly.......
Cats on a bank-owned roof: Bobcats claim foreclosed house

http://latimesblogs.latimes.com/laland/2008/09/bobcats-on-a-ba.html

Here's another, Shelly.......
Cats on a bank-owned roof: Bobcats claim foreclosed house

http://latimesblogs.latimes.com/laland/2008/09/bobcats-on-a-ba.html

Thanks The readers' comments are worth the price of admission:





"It's a GRRRRReat time to buy."

"Another example of "predatory lending" ending in an REO."

"Look for these two on an upcoming episode of "Flip that Mouse!""

"So the landscaper left a few BobCats behind, what's the big deal? OH! those BobCats...."

"You can serve them their eviction notice inside a lame caribou."




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Flip this mouse!!! :rofl:

And one for you My. Dear Shelley.

http://seekingalpha.com/article/94898-calling-a-bottom-it-s-time-to-party

And one for you My. Dear Shelley.

http://seekingalpha.com/article/94898-calling-a-bottom-it-s-time-to-party

Where have you been grazing Sheep? It's been overly quiet and peaceful lately.

I check the Walton County Clerk for Lis Pendens twice a day. This week was very busy for new foreclosure pre-requisite filings. Again, at the level where a property can cash flow off rental income it is picked off immediately, but the over-leveraged properties are being walked away from in big numbers and they are hitting the market faster than the normal rate of consumption. People who have cash on hand and want out are competing with this by lowering their price and bringing cash to closing causing further erosion of price.

Where have you been grazing Sheep? It's been overly quiet and peaceful lately.

It appears, ahem, that my Subscibed Thread email notification keeps being hijcked.

I check the Walton County Clerk for Lis Pendens twice a day. This week was very busy for new foreclosure pre-requisite filings. Again, at the level where a property can cash flow off rental income it is picked off immediately, but the over-leveraged properties are being walked away from in big numbers and they are hitting the market faster than the normal rate of consumption. People who have cash on hand and want out are competing with this by lowering their price and bringing cash to closing causing further erosion of price.

A new age has dawned, I believe, regardless of wealth, many are walking away from their very poor invesments. Neg CFed into Hades, their properties will not see the Light of Equity for many squared moons.

"... People who have cash on hand and want out are competing with this by lowering their price and bringing cash to closing causing further erosion of price..."



Before I left on Summer Vacation, there was speculation on the
immenent "turn-around."

I was afraid that I'd missed it.

Gotta run; been jumping into and out of S&P 500 index fund
most of the summer. am currently out but looks like I might be
jumping back in maybe early this week.


Capricious

"... People who have cash on hand and want out are competing with this by lowering their price and bringing cash to closing causing further erosion of price..."



Before I left on Summer Vacation, there was speculation on the
immenent "turn-around."

I was afraid that I'd missed it.

Gotta run; been jumping into and out of S&P 500 index fund
most of the summer. am currently out but looks like I might be
jumping back in maybe early this week.


Capricious

The news of an "Imminent Turn-Around" in housing has been greatly exaggerated...maybe you confused it with news of an imminent meltdown in the economy??

.

The news of an "Imminent Turn-Around" in housing has been greatly exaggerated...maybe you confused it with news of an imminent meltdown in the economy??

.

Oh, the meltdown in the economy isn't "imminent;" it's already here.

Back into the S&P index fund this afternoon; Don't think it's a "bottom"
but expect there will be a bounce of some sort to sell on. Been doing
Ok on the bounces:

Sold 08/05/05 @ 1284.88
bought 09/04/08 @ 1236.83
Sold 09/08/08 @ 1267.79
Bought 09/15/08 @ 1197.51

'course, I'm not bet'n the whole farm on this- just biding time
until it looks like a bottom, either in real estate or stocks or
whatever. Aint particular.


Capricious

Oh, the meltdown in the economy isn't "imminent;" it's already here.

Back into the S&P index fund this afternoon; Don't think it's a "bottom"
but expect there will be a bounce of some sort to sell on. Been doing
Ok on the bounces:

Sold 08/05/05 @ 1284.88
bought 09/04/08 @ 1236.83
Sold 09/08/08 @ 1267.79
Bought 09/15/08 @ 1197.51

'course, I'm not bet'n the whole farm on this- just biding time
until it looks like a bottom, either in real estate or stocks or
whatever. Aint particular.


Capricious

Remember the 2000 dot com bust? People ran to real estate with their funds to stay out of harms way. At least real estate is something tangible.

Remember the 2000 dot com bust? People ran to real estate with their funds to stay out of harms way. At least real estate is something tangible.

<Insert frying pan-fire axiom here>



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<Insert frying pan-fire axiom here>



.

I hear ya', I'm just saying, I really do remember first hand seeing people run for cover to real estate during the dot com bust. I remember like yesterday people telling me that,"at least you can touch it, it's real" They were making comparison to leveraged paper.

Don't ya' remember Shell? JC

I hear ya', I'm just saying, I really do remember first hand seeing people run for cover to real estate during the dot com bust. I remember like yesterday people telling me that,"at least you can touch it, it's real" They were making comparison to leveraged paper.

Don't ya' remember Shell? JC

The people who said, "at least you can touch it, it's real" were either unaugmented hookers or members of the National Association of Realtors?.

Either way you slice it, two wrongs still add up to two wrongs.

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The people who said, "at least you can touch it, it's real" were either unaugmented hookers or members of the National Association of Realtors?.

Either way you slice it, two wrongs still add up to two wrongs.

.

You've teed it up for me!! But, I'll pass on the juxtaposition of hooker and NAR members----my favorite independent contractor and 1/3 of the triumvirate of life's essentials (sex, drugs, and rock and roll).

Remember the 2000 dot com bust? People ran to real estate with their funds to stay out of harms way. At least real estate is something tangible.

As long as they got in early and did not stay too long.



Capricous



"...Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicky and he's not. That's why...."

As long as they got in early and did not stay too long.



Capricous



"...Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicky and he's not. That's why...."

Isn't that what a lot of stock market investors do? The majority of active stock investors probably move stock at least once every 12 months. That's all I was saying, a lot of investors moved to real estate in the dot com collapse.

Oh, the meltdown in the economy isn't "imminent;" it's already here.

Back into the S&P index fund this afternoon; Don't think it's a "bottom"
but expect there will be a bounce of some sort to sell on. Been doing
Ok on the bounces:

Sold 08/05/05 @ 1284.88
bought 09/04/08 @ 1236.83
Sold 09/08/08 @ 1267.79
Bought 09/15/08 @ 1197.51

'course, I'm not bet'n the whole farm on this- just biding time
until it looks like a bottom, either in real estate or stocks or
whatever. Aint particular.


Capricious

To update:

Bought more ("doubled-down") @ 1156.38 on 09/17/08

sold it all @ 1204.64 09/18/08

Back to about 65% cash, not including land

Despite today's rumour-induced rally that the calvary is
on the way, I think the free-fall is just about here- reality
is setting in.

By the way, keep an eye on your money market funds,
stable value funds, and other "safe harbors".


later.


Capricious

To update:

Bought more ("doubled-down") @ 1156.38 on 09/17/08

sold it all @ 1204.64 09/18/08

Back to about 65% cash, not including land

Despite today's rumour-induced rally that the calvary is
on the way, I think the free-fall is just about here- reality
is setting in.

By the way, keep an eye on your money market funds,
stable value funds, and other "safe harbors".


later.


Capricious

Please give us a blow by blow of your investments. I'm sure we all find it fascinating.

Please give us a blow by blow of your investments. I'm sure we all find it fascinating.

Well, here's one: I just won a one-dollar-bet with the wife that
Josh would have to respond to my post.

Double or nothing?

I would buy in the a.m and sell before the close. Look for a big rally. The troops have arrived!

Well, here's one: I just won a one-dollar-bet with the wife that
Josh would have to respond to my post.

Double or nothing?

Any profit in this market is good, but a 2 1/2 % profit in 3 days in a market that is fluctuating sometimes 4-5% in a day is nothing to brag about. When you get the 'nads to play the S&P futures market (not the options on futures or the mini) then come back and tell us about how you're doing. To confuse investing prowess with dumb luck of rumors that the Feds would step in is naive.

Any profit in this market is good, but a 2 1/2 % profit in 3 days in a market that is fluctuating sometimes 4-5% in a day is nothing to brag about. When you get the 'nads to play the S&P futures market (not the options on futures or the mini) then come back and tell us about how you're doing. To confuse investing prowess with dumb luck of rumors that the Feds would step in is naive.

Pass that along to the professional managers of the actively-managed
funds that I am in, will you. They "actively managed" to lose money
this week.

I am very happy with 2.5% in (3) days. Wish I could get it across
the whole portfolio once a month.

But as evidenced by Lehman, AIG, Merrill, et.al., stretching for that little
extra yield can be costly.

I think I'll sit-out today (Friday)



Capricious


"...Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Potter's buying! And why? Because we're panicky and he's not. That's why..."