By cmgr

March 5, 2007 2:52 PM | Link to this

The ghost of the long-awaited housing crash will haunt the memories of those who waited until it was too late.

I don’t believe in ghosts.

By maxmoose03

March 5, 2007 3:05 PM | Link to this

The media should keep reminding everyone of the anthrax attacks. You know why? Because they never found out (or told us) who did it!

By maxmoose03

March 5, 2007 3:08 PM | Link to this

The media should keep reminding everyone of the anthrax attacks. You know why? Because they never found out (or told us) who did it!

By Ostrowski Fan

March 5, 2007 3:12 PM | Link to this

Spooky Jeff. Do you ever hear strange noises in the night or feel cold when it is warm in the house? I say call in the real estate physic ‘maxmoose03’ and he can tell you if your home is haunted or not.

boo.

By Ostrowski Fan

March 5, 2007 3:14 PM | Link to this

Spooky Jeff. Do you ever hear strange noises in the night or feel cold when it is warm in the house? I say call in the real estate physic ‘maxmoose03’ and he can tell you if your home is haunted or not.

boo.

By To cmgr

March 5, 2007 3:59 PM | Link to this

You’ll look like you’ve seen a ghost once the FAR #s for March come out.

The grim reaper is out for you flippers.

By maxmoose03

March 5, 2007 4:13 PM | Link to this

This blog is haunted by the ghost of an idiot called “Ostrowski Fan.”

Above posts were from it, not me.

By maxmoose03

March 5, 2007 4:17 PM | Link to this

They post at 4:13 PM is not me.

Here we go again….

By maxmoose03

March 5, 2007 4:39 PM | Link to this

“they post”

HA HA HA The idiot imitating Max can’t do anything right.

“To cmgr”:

The FAR numbers have been just dandy — so much so that median price on existing SFH’s in PBC is 388K, and we are going for the gold this month at 400K.

If not this month, soon. Record prices again within the next year in Florida — maybe sooner.

BTW — These are just the prices on existing homes — prices on new construction are heart-stopping.

Try this: villas on Military trail near Lynn — from a mere 900K.

By maxmoose03

March 5, 2007 4:50 PM | Link to this

One of the ironies of blogging:

The stock market is melting down for real, as we speak, and the blithering idiots are still here looking for traces of a housing decline.

By maxmoose03

March 5, 2007 4:52 PM | Link to this

I thiNk I aM going craZy.

BTW - They post at 4:39 PM is not me.

Just wanted to clarify that.

By CURIOUS

March 5, 2007 5:29 PM | Link to this

Jeff,

You want to follow this up by finding out what happened to the house in Leisureville, Boynton Beach where the known prevert was found dead in the nude with his PC on and all sorts of kid porn stuff in the house?

This is purely self-serving since I have a very large steam cleaner, a priest-for-hire to disperse all sorts of bad things and thoughts, and might be interested in buying that house.

Know you have lots of money; want to go in with me?

By Hey Max

March 5, 2007 5:52 PM | Link to this

The definition of happiness for Max:

Median Price in PB County: 2,300,000

Number of Sales: 2(both in 33480)

As long as that median is high, who cares that nobody is buying!

One question Max, if nobody is buying your house that’s for sale, then does it matter if the median is moving up?

By To Max

March 5, 2007 5:58 PM | Link to this

Check out these stats:

http://www.ipre.com/trendg/images/palsld4.PNG

Now that’s ugly.

By Bubble boy

March 5, 2007 6:18 PM | Link to this

Bubbles are for wayward priests and their trusting alter boys in bathtubs……

Bubbles are not for our zip codes.

There is no bubble in real estate. Interest rates will fall. All will be forgotten by next year.

Bubble boy is back, baby!

By stats

March 5, 2007 6:45 PM | Link to this

Feb numbers are out. Bad news is that only 2 houses sold however because they were both in Palm Beach so the good news is that the new median for Palm Beach County is 1.2 million!!

By More good news

March 5, 2007 6:48 PM | Link to this

Three shot near Lake Worth High School. Life is not so good here.

By not news

March 5, 2007 7:01 PM | Link to this

3 shot in lake worth is not news. isn’t that an everyday occurence?

if it comes out to be gang related and gang members were shot, then who cares? it would havec been better if nobody survived.

lake worthless is a hole.

By maxmoose03

March 5, 2007 7:46 PM | Link to this

To: “HEY MAX”

“One question Max, if nobody is buying your house that’s for sale, then does it matter if the median is moving up?”

Of course it matters. Your net worth is based on the value of your assets, not how long it takes to dispose of them.

How much banks will lend you, not just on your house, but construction and other businesses, depends on your net worth.

You can not buy many types of businesses if you do not have a certain net worth. Try buying a McDonalds franchise with a 200K net worth.

Many financial gurus - Robert Allen among them, suggest you NEVER sell real estate - EVER.

Your level of financial sophistication dictates how many solutions you see to a problem. If you have zero sophistication, your only solution is to sell something for a profit, or to work to catch up, which is probably the worst solution of all.

By Realist

March 5, 2007 8:09 PM | Link to this

maxmoose03:

How is setting up dominos for a fall sophisticated? Game it out, what is the premise of your bet? The leveraged assets have to stay X+1 in value if you go X-1 in value the house of cards falls (sorry for mixed metaphor). Once you understand where the problem lies you will understand why the subprime is a huge potential worry of the economy.

By maxmoose03

March 5, 2007 8:44 PM | Link to this

Once again, Realist is not realistic at all. In fact Realist is way out there in Lyndon LaRouche land.

How can I explain this? Let me try this way. When you walk into a local branch of your bank, Realist, they are not lunatics like you. They did not stay awake all night reading articles about the national housing market or the number of foreclosures in Ypsilanti, Michigan. They are there to do business.

Mr. “HEY MAX” - This if for you as well. Now if you walk into a bank with a 700+ FICO score and a bit of real estate in your name, you are not going to have to ask them if they can help you. THEY will be asking YOU what they can do for you. REFI? HELOCS? SBA loan? What can we do to help? They are not going to ask you how long it’s going to take to sell your house. They don’t care if you can never sell your house. The only care about what it appraises for.

Realist, stop worrying about theoretical issues that have nothing in the world to do with your life; and HEY MAX, stop asking important questions on a board full of indigent renters.
Get with a CPA or a banker who can make things happen for you.

By mooseface

March 5, 2007 9:30 PM | Link to this

ARM IS THE NEW WORD FOR 2007.

HOW MANY ARMS ARE GOING TO BREAK THIS YEAR.

NO BUYERS, NO SELLS. NO SELLS, GUESS WHO HOLDS THE BAG.

LOSER!

By mooseface is a

March 5, 2007 9:37 PM | Link to this

waste of (fill in the blank)

By John

March 5, 2007 9:52 PM | Link to this

The renters are smart…they are just waiting for the market to collapse and will use their vulture funds to pick up a distressed property or two…..I commend you renters for waiting it out, I would’nt want to buy something today and then it be worth 100K less this time next year….I have property in several locations across the country and am gettin my vulture funds ready to pick up some “distressed” properties to add to the ones I already have. Port St. Lucie is having some huge real estate troubles and I think its only a matter of time before that works its way south through Palm Beach, Broward, and Miami Dade counties….Real Estate is one big vicious cycle and I see this massive credit bubble becoming ugly quick. February numbers look awful…

By maxmoose03

March 5, 2007 11:32 PM | Link to this

John - Why don’t you start by buying your g/f’s vacant townhouse in Firenze.

HA HA HA

B******t artist. You don’t own a pot to p**s in.

I hope February numbers don’t look as awful as your g/f.

By maxmoose03

March 5, 2007 11:38 PM | Link to this

Hey Mooseface —

What are you going to do when the federal welfare runs out?

Have you considered a career in armed robbery? Maybe you should pull one job, then turn yourself in. It may be the only way you get regular meals for the next 10 years. In prison, you may get f—-ed up the a*s, but I’m sure you are used to that already.

By Moochers Not Buyers

March 6, 2007 12:09 AM | Link to this

I have to admit, there are more people here in South Florida this season than since before all the hurricanes. I have to say that this is the most people I have seen here for the past 10 years.

What I am seeing and hearing is that people came down to get away from the snow and cold and to mooch off of some relative or friend who has a place down here.

Why buy your own home in South Florida when you can mooch off of your friends and relatives? It saves a lot of money. You can save money when you can mooch or sponge off of others.

The winter has been very brutal up north this year. It would make sense to see all those people in the northeast to sell there and move to a warmer climate. No, they don’t have to sell to move here. They can sponge off of their relatives and friends when it gets too cold for them up north.

The other thing I noticed this winter, is that when a couple usually took a condo for a month or two in the past, this year they shared their rental with another couple, sometimes a couple they haven’t even seen in years, to cut their expenses.

It just proves that everyone is full of it when they say they have money. If they had money, they wouldn’t have to sponge off of their relatives or friends or find other couples to share their rental costs this winter.

By maxmoose03

March 6, 2007 2:06 AM | Link to this

A balmy 21 degress now both in NYC, and that midwestern paradise, Kettering, Ohio.

It’s OK. Freezing your butt off makes you fear God more, and therefor more of a “real” American.

By maxmoose-3

March 6, 2007 2:30 AM | Link to this

Now as a public service, Uncle Moosie brings you…

TAX RATES FOR KETTERING, OHIO

State income tax: 8%

State tangible tax: 5%

City of Kettering income tax 1.75%

City of Kettering property tax: 85.25 per 1000 dollars of value

(This would give the median PBC homes a tax bill of about $26,000 per year.)

Think I’m kidding?

http://www.ci.kettering.oh.us/

See if I’m kidding.

And when I tell you folks that you don’t understand what life with taxes is like, you can believe it.

By Renter

March 6, 2007 9:02 AM | Link to this

Primary res. in NYC. Now rent 2-3 months (this yr in Vero). Sold condo 3 yrs ago. Owning in SoFl for seasonal use no longer makes ANY sense.

Too many nice rentals available. Pay 2K a month, 2-3 months. Enjoy, go home. No Tax or Insurance hassles. No year round maintenance, HOA, No STORM worries.

Owner happy to get rent money. I am happy to give it to him. (taxes alone on my old condo now over 8K)Friends also opting to rent instead of buying. Others who have also owned for years have been trying to sell to join us happy renters.

By Realist

March 6, 2007 9:40 AM | Link to this

maxmoose03:

You are such an effing moron. Of course the appraisal is the critical component. You truly could not have been stupid enough to have actually leveraged all of your equity did you? Didn’t you ever wonder what would happen if the values went south? No wonder you are obsessively on this board 24/7 trying to shill PBC real estate.

By easyasabc

March 6, 2007 10:50 AM | Link to this

I saw a article on CNN in the Real Estate section. It showed ten homes across the country. They had NY, SF, Bost, Wash DC, Denver, Miami and a few others. They listed the prices and the square footage price per foot. Miami home was half to all those homes in the northeast. It showed you get more for less of a price here than anywhere eles. As I said before, you get more for your dollar here in South Florida.

We have a few people who say I am rich. If I am rich, it is not what I have in the bank, but what I do for others. I enjoy life, and some of you should also. I am still trying figure out what happen here in the blogs when I was gone. Yesterday, people were mocking religion. Tell me one religion that did not have a scandel among its people? Don’t p**s off God……Hurricane season starts in 86 days.

Getting back to what is a rich person in money sense. If you clear, not make, clear….over a million dollars a year…..you are a millionaire. Plain and simple.

BTW, we have not heard from Carolina Gal…..I tell you why….there is a serious virus being spread up in NC. I bet her and Rich R. are spreading medical anti-virus lotion on each other at her trailer! (Now see Max, that is tasteful!)

Max, you are suppose to be a real estate/broker…please act professional…some stuff is funny, but some other comments are so distasteful………your $400k median price will not come until May. I can tell there are lookers now going around and checking out property. A neighbor told me that his buyers will return in the summer with their kids to look at his house and one other that the couple liked. My broker friend on Worth ave. told me that many buyers will return with offers in late April and in May. She is never wrong. Broward residents are looking into south Palm Beach county also. Everyone is being pushed to the next level.

Jeff, I can tell you what is dying…..your blog stories. If AMI building rent is great, will the “Post” buy into some space? Or will they stay outside and report how people are itching themselves at their desks. I thought Rudy had a an office there? I bet Jeff low ball that widow for her house! Don’t worry, the guy you see at night in your house is not a ghost……that is the “Ostrowski Fan” stalking you!

Looks like the Gov. will find a solution with the property taxes. If the taxes and insurance come back to normal….watch this market explode……max & cmgr will be speaking $500k median price then.

Most of the crime here is realted to drugs and gangs. Lake Worth and Boynton Beach have their problems. Any police department want a tip on how to deal with this….here it is……Use your “Police Power Act” that is given to you by the Federal govt.

Have strict curfews in crime ridden neighborhoods, revoke businesses licenses that have ongoing trouble, arrest parents who have kids that commit property damage. Have FDOT revoke driving privilages on teens who uses cars in crimes. Put a teen “cruising ban” on your streets. Use the “CRASH” methods that are used by LA county police departments. Give property owners 30 days to tear down their abandon building if they are used for drug deals or crimes. If they do not comply, use your “eminent domain” powers to seize the property. All very legal. Hire policemen with a hispanic background, so they they can relate to the community. Form an anti-gang squad to deal with the youth in your area. Ban pawn, gun and porn shops in your area. Have a 1 am closing time for area bars……the crime will go down in your area and John from Boynton Beach can sleep better.

People who like to rent and not own…no problem. Us landlords love to have your money. I don’t have seasonal units, but ones who I know who have seasonal property, are making a mint this year. And their rent will go up more for the next seasonal crowd. Happy renters also make happy landlords. Everyone is very happy on what they got. Renters got some warm sun for a month. Landlords get big $$$ from out-a-state non-owners.

Life is very good in Palm Beach and in Southern California.

easyasabc

By cw1900

March 6, 2007 10:57 AM | Link to this

morning notes from cw:

Wow. The Notre Dame fan (the Irish catholic who was all over Max) opened up his mouth and was run over by a Mack truck. Ouch. “Signed” can bring it out of people, that’s for sure. That’s why I like him (or her). He (or she) is usually right and tells you in his or her own way. It’s funny. Comedy is funny only when it’s true, right? The monumental PR problem you Catholics have was brought on by your denial and now you get mad when other people call you out on it. Fix your problem. Those guilty priests ought to be strung up to the nearest tree.

Max, direct from the Kettering website, the following:

TAX RATE CHANGE - PLEASE READ

In May of 2006 the voters in the City of Kettering approved an increase in the tax rate to 2.25% which went into effect on January 1, 2007. This means that all taxable income earned or received or won after December 31, 2006 is subject to tax at the new rate of 2.25%. However, any taxable income earned or received or won prior to January 1, 2007 is still subject to tax at the previous rate of 1.75%.

Marcy K. Bare, CPA, Manager City of Kettering Income Tax Division 3600 Shroyer Road Kettering, OH 45429

Hahahaa, it’s worth than you thought, Max, and those idiots actually voted to take more money out of their pocket. You have got to be kidding. You people of Kettering. Get out while you still have your wallet, omg.

I told myself years ago, I would never live in a state that has an income tax. Why bother? It’s a free country and you can live wherever you’ll little heart desires. It’s like battered wife syndrome living in those high tax states….”He beats the crap out of you”……”Yes, but I love him!”………”{city and/or state} taxes the crap out of you. You know how to spend that money better than any municipality does”……”Yes, but they have good roads and the parks are nice when the weather is good on July 4th and 5th!”…..No thanks and never, ever.

More shootings in Lake Worth. Gang related. Wow. LIKE I’VE SAID BEFORE, THAT’S A BIG SURPRISE!

From the front page of the Post this morning, “Former City Commissioner Jim Exline accepted $50,000 from a real estate developer seeking approvals for a development in the city, according to his defense attorney. Exline, 42, who resigned Jan. 19, plans to plead guilty Wednesday…..”

What a freaking joke. Can we string him up also, and pour ratt p!ss on him while he’s balling like a baby, knowing that he’s about to spend time in the slammer for a few years, sleeping with Richard, the 52yr old white collar criminal who likes to dress like J Edgar Hoover. Yes, you people, your politicians are good people. They really do want to help you. They really care about you.

Our politicians suck.

Oh, BTW, Steve, I’m not an old guy counting my pennies, as you say. I’m 42 (just turned, happy bday to me, lalalalala), and hopefully, have a little common sense.

Have a nice day everyone.

cw

By 1860update

March 6, 2007 11:22 AM | Link to this

From Aug ‘06 : Wellington - Sugar Pond Open Sat & Sun. 1-4 1860 Primrose Lane Reduced! Make Offer. 5/3, 2 Masters, office w/cust. cabinetry, pool,hot tub,all baths remod, $465K

Still trying, now 399K.

http://standrewscountryclubhomes.com/Listings/ListingDetail.ASPX?LID=22147090#

By maxmoose03

March 6, 2007 11:29 AM | Link to this

RENTER:

Don’t forget to pay your 11% (or whatever it is) short-term rental tax. I’m sure an upstanding citizen like you wouldn’t want to commit fraud, would you?

At any rate, you don’t really live here and can’t really contribute much of interest to the discussion. I don’t really care if you sell your 40K condo at Century Village.

Realist - You don’t really need to prove again and again and again what an idiot you are. Now you are just sputtering nonsense that has nothing to do with me, because you haven’t a thing in the world to say. No matter what you ATTEMPT to say, it will not worsen my position nor improve yours. Now get back to the counter in the bait shop.

Let’s go back and see if anyone with a brain wrote anything this morning.

By to renter

March 6, 2007 11:38 AM | Link to this

On behalf of all of us Florida residents here, I apologize for Max’s rude behavior.

Max, that was uncalled for. He was just adding to the conversation.

By Renter

March 6, 2007 11:54 AM | Link to this

What’s with snarky moose guy ? We have owned in SoFl probably more yrs than some bloggers here. Sold only because SOH ticked me off. IF and thats a big, doubtful IF, they fix SOH mess we MIGHT consider buying again. Flipper who bought and is still holding (unable to flip)condo I sold paid a huge amount more than 40K. (on the beach 2/2).

As owner who posted said, he is happy to take rentals, just as we and others are happy to pay. They deserve money for taking care of headaches and rising expenses.

Actually in some ways SOH did me a favor, moved me to sell at very good price. Since selling, hurricaine season has been of only casual interest to me. Nice.

By maxmoose03

March 6, 2007 12:06 PM | Link to this

easyasabc -

Once again, I don’t work as a realtor.

Apart from that, I do agree we may be pushing toward higher ground in terms of prices. And the increasing prices on existing SFH’s ignore the prices on new construction, which are out of this world. I think I mentioned the new “villas” opposite Pope Pius High School…for a mere 900K. Can you imagine paying 900K for a “villa” and then finding out a bunch of Lynn U. students rented the place next door? HA HA!

HAPPY BIRTHDAY CW

Splurge …let the wife buy you a cake…or at least a slice of apple pie in McDonalds - they are two for one dollar so you can enjoy the occasion together. (Just kidding.)

Have to add to my priest non-commentary that. although I want to be non-juegmental because I am not Catholic, it is kind of galling to see some of these guy, now outside the reach of US law, gleefully (I avoided saying “gaily” admitting everything to reporters). Strangely, catholic friends get mad at me for not condemning the people they feel are responsbile.

Finally, great work on tthe Kettering Tax Increase! LOL! 2.25% of your income to the City of Kettering. What nerve. That’s beside massive State income tax, massive property tax, and other baloney like tangible tax. Can you imagine?

I now reacall the absence of income tax was one reason I moved to Florida, so it is really strange to see people so upset about minimal taxes.

Well folks, you can always move to Kettering. But be prepared to shell out maybe a daunting 100K or more for a house, and never see a buyer on the other end. Don’t worry, only 6 to 8K tax bill on that 100K house.

Current temperature in Kettering: 21 degrees.

1860 — With all the advertising you are giving that house, I certainly hope you are the owner, or the listing broker, instead of just some obsessive nut. What are you going to do when it sells? Your reason for living will be gone. Are you going to end it all by driving into Mike Fink’s rented pool (if he has one)? Now there’s an interesting liability case.

By maxisvet

March 6, 2007 12:12 PM | Link to this

Isn’t that maxi’s car in driveway of Wellington house ?

By mooseface and easydoespbc

March 6, 2007 12:21 PM | Link to this

SUBPRIME!

“As the stocks of subprime mortgage lenders melted down Monday on Wall Street, one struggling bank put several hundred of its Tampa employees on ice.”

“Fremont Investment & Loan, the country’s eighth-biggest subprime lender, told most of its Tampa staff to stay home Monday on paid leave. The move followed news that Fremont General Corp., its California-based parent company, had decided to quit lending money to home buyers who have bad credit and to try to sell that business line.”

“Other subprime lenders with significant bay area operations include third-ranked Countrywide Financial Corp., for which Tampa is one of four regional hubs, and New Century. Local economic development officials helped attract thousands of financial-service jobs in recent years while the industry enjoyed a growth spurt.”

“Even its commercial loan business showed some signs of weakness lately. In January, the company filed two foreclosure lawsuits against a St. Petersburg developer it had loaned a total of more than $50-million.”

INVENTORY

“Irrational demand drove up the median price almost 90 percent in about 18 months. Sorry to burst your cream puff, but those inflated prices were being supported by frenzy buying, not fundamental investing. In other words, those values were not real, so as they say, what goes up must come down.”

“You only have to drive two blocks to lose count of the number of ‘For Sale’ signs you saw. Our inventory has increased more than 600 percent since the peak of the market. We are approaching 25,000 resale condos and homes.”

“Unfortunately, too many sellers are acting irrationally because they are either needy or greedy. The needy need a certain price because of what they owe. The greedy want a certain price because of what they feel they are owed.”

“The media can run all the positive articles they want, but that will not change the fact that we have more homes for sale than we could sell in two years, assuming that no new listings were taken.”

CONFUSED?

The Palm Beach Post. “Some folks, but not, we hope, our Dear Readers, blame ‘the media’ for falling home sales and prices.”

“Now, some Realtors are grumbling about prices not falling. Guess who they’re blaming? Here’s what Thomas Lawler, former Fannie Mae economist and current president of Lawler Economic & Housing Consulting, has to say in his private newsletter:”

“‘A growing number of Realtors in Florida are frustrated with the state and national Realtors groups’ efforts to ’spin’ the market as one that is strengthening and where home prices are stabilizing.’”

“‘Many (though probably not yet most) Realtors are frustrated by customers who continue to list their homes at price levels that are ‘unrealistic,’ and as a result, sales volumes, and thus commissions, continue to remain depressed.’”

“‘While Realtors have noted to customers that many home builders in Florida have slashed new-home prices in order to move bloated inventories, many home sellers are still holding off, hoping, along with FAR and NAR, that prices will start moving back up soon.’”

THE BUBBLE IS OVER. WE CAN POST UNTIL WE DIE.
DONE, FINISHED, OVER AND OUT.

By MOOSEFACE

March 6, 2007 12:28 PM | Link to this

classic!

A seller was needy B seller was greedy C Realtor was seedy front lawn is now just a little weedy

By MOOSEFACE

March 6, 2007 12:32 PM | Link to this

ITS THE KNIFE, THE KNIFE

I’m sure it reads like the Palm Beach Post. It’s kind of fun to see the same homes week after week with falling prices. I’ve been keeping my eyes on one that started as a great deal on a 4/2.5/2 for $349,900. Now it’s “priced to sell” at $249,900. That’s $100K over a 4 month period.

By easyasabc

March 6, 2007 12:33 PM | Link to this

CNN has a list of states that has the MOST ADMIRED COMPANIES. I saw Florida has TEN companies listed. And then I notice NC and SC had a combine of NINE companies listed. California had over THIRTY companies to their list.

Looks like flooding will be the news up north when this snow melts. Flood insurance will go through the roof throughout the northeast and midwest. At the end, the insurance companies will make a profit when they raise the rates on low lying areas.

For the last 26 months, we had only one hurricane storm come through here. For the last 40 years, we had three hurricanes. How many deadly blizzards, floods or tornados have hit up north or midwest in that time span?

I think we are better off here.

Now was that 12:06 posting from max or from the fake max????

easyasabc

By Bubble boy

March 6, 2007 12:34 PM | Link to this

If the bubble is over you say, then why are you so giddy, if you really want prices to fall? Did you take a mis-step, a bit of a tumble, perhaps, on the way to logical posting?

You don’t make much sense.

The Bubble boy is back, Baby!

By maxmoose03

March 6, 2007 12:47 PM | Link to this

LOL. Classic article, all right.

In practically the same paragraph they whine that prices are not going down, then say they hope prices will get higher.

Careful, stupid, you almost said one correct thing — these problems manifest themselves on Wall Street, not in the housing market.

I would personally like to see more of a dunking on Wall Street, to chase out the idiots like you who may own 50 shares of Dell Computer.

It may not go that way, though. Fannie Mae is up a buck today, and Simon Group up almost 4 and 1/2 dollars. Real estate funds should be soaring. Again, not what I want YET, there is still bloating in the market, and bozo companies like the lenders you mentioned, to be written off.

Please, continue to paste articles that reflect a total lack of understanding of financial markets, and self-contradicting logic.

By easydoespbc and mooseface

March 6, 2007 12:47 PM | Link to this

Freddie Mac - The Empire Strikes Back

In my diatribe about the sub-prime industry (how it created the bubble and is now suffering for it’s sins), Freddie Mac, a major purchaser of Mortgage Backed Securities on the secondary market, has seen the light and is now clamping down. Hard.

From Dina ElBoghdady @ the Washington Post.

‘Freddie Mac, one of the biggest investors in U.S. mortgages, plans to toughen its standards and stop buying certain types of risky loans that have been linked to a high number of delinquencies and defaults.

The decision, announced yesterday, is the latest sign of the deep problems roiling the subprime mortgage market, which caters to borrowers who could not qualify to buy a house with a conventional loan, including people with blemished credit records.

During the recent housing boom, subprime lenders eager to cash in on the home-buying frenzy relaxed their standards. They allowed borrowers to take out mortgages with low teaser rates that ballooned after the first few years. Now that the higher rates are kicking in, many borrowers are struggling to make their monthly payments, and dozens of small lenders are losing money, shutting down or filing for bankruptcy protection.’

Well put. One thing I didn’t mention is yet another source of agony on the market - existing homeowners who discovered their new-found “paper wealth” due to the bubble evaluations on their homes. Many turned around and refinanced their once inexpensive residence. Sure, it seemed like a good idea, but many of these folks were guided into toxic loans that are now biting them in the a$$.

Back to the article - some discussion on the importance of Freddie Mac’s announcement. How serious is the situation?

‘Freddie Mac’s decision to clamp down on these types of mortgages signals heightened alarm about the course of events. If the damage is not contained, a crippled mortgage industry could destabilize the economy, several economists said.

“This is one of the biggest voices in the mortgage market saying in a very public way that the mortgage and housing markets are very troubled,” said Mark Zandi, chief economist at Moody’s Economy.com.

The trouble is most apparent in the fourth-quarter mortgage delinquency rate, which climbed to its highest level in four years, the Federal Reserve said yesterday. The portion of loan payments at commercial banks that were at least 30 days overdue rose to 2.11 percent in the quarter, up from 1.72 percent in the previous three months. Other measures of mortgage delinquencies have also increased recently.

All indications are that delinquencies are rising faster in 2007. Typically, if there’s a surge in delinquencies, defaults follow. Many blame the surge on subprime mortgages, which, according to the Mortgage Bankers Association, made up about one-fifth of all new mortgages last year.

That’s why Freddie Mac plans to apply stricter standards to subprime mortgages written on or after Sept. 1, 2007, that have “a high likelihood of excessive payment shock and possible foreclosure.”’

So, you see - Freddie Mac will continue to purchase low quality loans for another 6 months. I think this is waiting a little too long, but at least they’re giving the market time to adjust.

By the way, I beg to differ on that 1/5 number being quoted by the MBA - the number is much higher, but should we be suprised that they are quoting flawed statistics? Like the NAR, the MBA’s employment of denial, cooked numbers, and outright lies to the public are the last defense in keeping their gravy boat from sinking.

Now, as to the particulars of the new restrictions….

‘The company will buy securities backed by the 2/28 and 3/27 loans only if the borrowers qualify for the highest rate the loan can have. For instance, if the teaser rate is 2 percent but eventually kicks up to 8 percent, the borrower must qualify for the 8 percent loan.

To protect future borrowers from “payment shock,” Freddie Mac will no longer buy securities backed by subprime loans that lack documentation of the borrower’s income and the value of the property being financed.

The company also is developing a standard to limit the purchase of securities backed by loans in which the income was stated but not documented.

Freddie Mac also wants lenders to consider the cost of taxes and insurance when they write mortgages.’

This is a very good start. We will all benefit in the long run when credit is extended on the ability to re-pay, not on the perceived inflation of the underlying asset.

Unfortunately, the previously mentioned jagoffs who’ve been making a boatload of money from this scam are now sounding the alarm, all in the name of “helping” first-time buyers. Complete and utter bull$hit.

‘The Mortgage Bankers Association questioned Freddie Mac’s decision, saying the people who will be hardest hit will be first-time, underserved or minority homebuyers who will suddenly find themselves without access to credit.

“We worry that people who could buy a home today won’t be able to qualify for credit in the future if these kinds of subprime loans are driven from the market,” said Kurt Pfotenhauer, one of the association’s senior vice presidents.

Hogwash. We’re now heading towards a record number of foreclosures and people losing their homes, yet Kurt wants to make it easier for more people to fall into the same trap?

More realistically, it sounds like he owns some overpriced bubble real estate that’ll become even more difficult to unload with the implementation of better lending practices. Also, less scam mortgages means less scam money in Kurt’s (and his brethren’s) bank account. Poor guy - he needs a hug!

Time for yet another reality update: when prices drop to realistic valuation levels, then people WILL be able to qualify for homes. Until then, it’s just a sucker’s market, with a continually decreasing supply of IBs (idiot buyers).

It’s the Inventory, Stupid!

To say that we’re overbuilt in the Sunshine State would be an extreme understatement. With this, you could say that Palm Beach is the poster-child of the situation. From Linda Rawls at the Palm Beach Post.

‘First, the good news from housing consultant MetroStudy:

• New-home starts in Palm Beach County hit a four-year low in the last three months of 2006. They dropped 62 percent just from the fourth quarter of 2005.

• Total inventory - including model homes, finished vacant homes and homes under construction - fell to a four-year low in the last three months of 2006.

• Housing supply declined 4 percent in the fourth quarter of 2006 compared with the same period in 2005.

Decline, decline, decline, decline. This is the good news?’

Hey, it beats the alternative. Though a 4% decline from record levels is not likely to cause a sea change in the housing market.

‘Yes, in these topsy-turvy times - when it’s quite possible to be “upside down” on your house (to owe more than it’s worth) or to lower your asking price by $1 million and still not get an offer - declining housing starts, construction and inventory are all good news; signs that the distressed new-home markets in Palm Beach County and the Treasure Coast are trying to recover.

Any recovery, however, could well be postponed into the second half of the year. Most analysts don’t even agree on whether the market has hit bottom.’

I don’t know exactly why, but it appears the builders are much more bearish on the market than the realtors. Granted, the realtors aren’t required to tell the truth because the NAR (National A*s. of Realtors) isn’t a publically traded company. If it was, a few things known as the SEC and Sarb-Ox would cause the NAR to provide forecasts more closely aligned with that of the builders (i.e.; truthful).

‘Just last Thursday, luxury-home builder Toll Brothers Inc. said its first-quarter profit dropped 67 percent due to hefty write-downs and other costs, and Chief Executive Robert Toll said “there are (still) too many soft markets.”

The inventory of existing homes, which was up 71 percent Palm Beach County alone in December, may grow as “re-listers” - people who couldn’t sell in 2006 - are likely to try again in the spring. And analysts expect a further uptick in the region’s new-foreclosure filings as high-risk borrowers continue to default on loans and lenders tighten credit standards.’

More foreclosures = More distressed inventory

Ergo,

More distressed inventory = Lower Prices

And to continue our boolean logical progression,

Lower Prices = More Sales

And finally,

More Sales = Lower Inventory

But we’re still at the very beginning of this clearance process. The article continues with a description as to how this situation was created.

‘Many of those borrowers were investors who artificially pumped up demand - and prices.

“Builders ramped up production to meet surging demand during the housing boom,” said Michael Larson, a real estate analyst with Weiss Research in Jupiter. “But it turns out a big chunk of that demand surge wasn’t ‘real’ demand.

“It was investor demand - people buying up one, two, three or more homes at a time to flip, rather than people just looking for a place to live.”

That artificial demand is gone now, Larson and others say. Investors have pulled out of the market, causing new-home sales to plummet.

In Palm Beach County, new-home sales dropped 36 percent in just one year - comparing the fourth quarter of 2006 to the same period in 2005 - according to MetroStudy in West Palm Beach.

Further proof the local housing boom has gone bust: Palm Beach County buyers closed on only 976 new homes in the fourth quarter of 2006 - down drastically from its boom-time peak of 3,123 closings in the third quarter of 2003, MetroStudy said.’

The situation is not pretty, and much more bad medicine is in store.

By Your next home

March 6, 2007 12:51 PM | Link to this

Most of you should be ashamed of yourself. Your GOD is your almighty dollar or your mansion on the golf course. Depending how you lived your life, your next home could be in HEAVEN or HELL. Neither place has property taxes or insurance so don’t worry.

There are sex offenders in all walks of life, all occupations, all religions. Catholics are not guilty for the priests. Everyone is human and everyone sins in this world. I pity you all for your ignorance and arrogance towards God.

You should be thinking of how to get to your home in heaven for ETERNITY than being here in your cheap mansion for short time on earth.

You are all not going to live to 100.

CW - get some religion too. Maybe you won’t ever see 43. Anyone can see you are a real miser. Where does it get you? God can take everything away from you in a fraction of a second.

You all think you are so great that you can take advantage of widows buying their property for a cheaper price.

Read the Bible you idiots. It says “woe to the man who takes advantage of widows.”

When you all die, maybe you will find out some of those widows have the mansions in heaven for ETERNITY while you are burning in HELL for ETERNITY.

The problem with most of you is that you don’t even have a CONSCIENCE. Go ahead and laugh at this. Hope you are all still laughing when YOUR JUDGMENT day comes.

Now that you read this, you can go out and rob some more widows or anyone that you can take advantage of. Whatever makes you happy or gets you richer in this world.

By easydoespbc

March 6, 2007 12:54 PM | Link to this

stop crying easy. the bubble was air money. it didnt exist. and everyone wants to play rich, but dont pay rich. i hate liars, scum and scam artists. i talked to my people all of the time about getting played. the housing bubble was used to protect the failure of the economy by the elephants who send kids to fight and die for oil profits and when they come home, the live with the rats and roaches. (walter reed)

people like lereah need to swim with the fish.

By woe is he?

March 6, 2007 1:03 PM | Link to this

Mind telling us that bible verse about taking advantage of widows?

While you’re at it, mind telling us about the bible verse that explaines the crusades?

By curious

March 6, 2007 1:23 PM | Link to this

That Wellington House looks okay for price (online views anyway). Anyone evr pass by for a alook ? What is problem holding back selling ?

By maxmoose03

March 6, 2007 1:31 PM | Link to this

While we are at it, Billy Graham there can tell me what passages in the Bible describe Heaven and Hell as he imagines it.

More BS from Mooseface — easy enough when you have no job and no productive enterprises. He is sounding increasingly like a callow college student — no experience of the real world whatsoever. Wow do things change when you actually have to get out there and accomplish something.

Bottom line for his housing crisis? There isn’t any (crisis). In fact, Mooseface doesn’t even have a point. His response won’t be a point, such as “We are on the verge of a major depression, for the first time since 1929.”

It will just be more pasted articles.

By Dolphan

March 6, 2007 1:35 PM | Link to this

Dolphins sign Porter. Huge!

By To woe Is he

March 6, 2007 1:40 PM | Link to this

There are many verses in Old Testament and in New Testament but if you look at just one which is Matthew 23:14 translated to St Matthew in Chapter 23 and verse 14.

Actually all of you on this blog should read the entire Chapter 23 of St. Matthew.

A little less of these Palm Beach Post blogs and a little more bible reading would do a world of good for most of you.

If you need more verses, I can refer you to them but would be most happy if any of you just read something that would be for your own good and for a better community.

By Flipperprayer

March 6, 2007 1:51 PM | Link to this

“Please Lord, let me sell my flips before I go broke. I promise never to get in over my head ever again” “If a buyer too much to ask for, please at least help with a decent rental” “Amen”

By maxmoose03

March 6, 2007 2:05 PM | Link to this

I kind of liked it better in the good old days, when we had hard-core psychos here predicting 50 to 70% price declines in PBC by Spring of 2007.

Now the best we can do is green college students like Mooseface, pasting articles like nobody’s business, but not even having a point to make.

Mooseface is probably not even old enough to remember the RTC scandal. Hence, in his tiny world, writing off some bad debt and auctioning off a few thousand houses is a big deal.

It is no big deal.

Anybody here die because of the RTC mess? (Don’t reaise your hand.) Anybody think the currrent hiccup in the market is anything like RTC?

It is going to be harder in the future, compared to the past, to get rid of houses here, because they cost more. The prices on new construction are absolutely beyond belief, and in a few years they will be “exisitng” houses which will drive up median prices astronomically.

Inventory may stay up indefinitely. All “inventory” means is an owner has said he would like to sell his house. There’s no tax on it. There’s no meter running.

Unless you are a realtor, the volume numbers don’t matter. Most of you have one house to worry about. Sort of like finding a spouse — it only takes the right one.

SO Mooseface can go on thinking being on welfare is something to brag about — in his circle of sophomoric imbeciles maybe it is. For the rest of us who work, plan, do business, raise families, pay taxes, and contribute something to the world, this dismally immature young man has nothing to say.

By Average Guy

March 6, 2007 2:15 PM | Link to this

Where can the average guy take advantage of an average widow in Palm Beach County to get a average home?

By maxmoose03

March 6, 2007 2:23 PM | Link to this

TO “TO woe is he”:

Matthew 23 has absolutely nothing to do with heaven or hell. And I doubt there is a verse 14 in the New Intenational.

But it does deal with Pharisees, which is what a lot of you pseudo-Christians are out there. You go around pretending to know the Bible and the words of Jesus — until someone actually puts you to the test.

In this case I will try to believe it is a bunch of high-school kids who need to get to shop class.

Nonetheless, the world is full of religious hypocrisy, the absolute worst of it being the Muslim loonies running around with bombs.

By Woe is he?

March 6, 2007 3:04 PM | Link to this

As long as we’re telling everyone to read the Bible, maybe you should try Matthew Chapter 7. Remember that whole thing about “Judge not, that ye be not judged…”

By maxmoose03

March 6, 2007 3:22 PM | Link to this

I am not anxious to tell anyone about the Bible. Just the same, I was the one who did not want to judge the priests accused of buggering little boys. Scroll up.

By meterISrunnung

March 6, 2007 3:48 PM | Link to this

RE :

“Inventory may stay up indefinitely. All “inventory” means is an owner has said he would like to sell his house. There’s no tax on it. There’s no meter running.”

For flippers, estates, transferees, etc the meter runs in the form of TAXES, INSURANCE, MAINTENANCE, HOA, ASSESSMENTS, STORM WOES, REPAIRS. Year after year after year after year.

By to max

March 6, 2007 3:51 PM | Link to this

referring to billy graham earlier, not you

By maxmoose03

March 6, 2007 4:06 PM | Link to this

Meters:

Flippers represent a tiny portion of the market, and even so that is very soft inventory. If it gets rented out, the inventory goes away. If the owner decides to occupy, same story. Even if he just gets convinced prices are going up, it may come off the shelf.

I know my own “inventory” disappeared off MLS like magic when I found renters.

As for houses occupied by families that have no pressing need to move, again, its inventory but not very meaningful.

To MAX:

Ah, I see. LOL. good point made to Billy.

By Rich R.

March 6, 2007 4:30 PM | Link to this

What’s this Bible thing you people are talking about?

By nicecar

March 6, 2007 4:54 PM | Link to this

Nice car maximan! Forget the house, how much for the vette max ?

http://standrewscountryclubhomes.com/Listings/ListingDetail.ASPX?LID=22147090#

By To Rich R

March 6, 2007 5:10 PM | Link to this

How’s it going Richie? Some scumbags who took advantage of widows in real estate did not believe it was in the bible that woes are in stored for he who takes advantage of widows. Someone pointed out to just one passage in the bible and those scumbags flipped out.

No one was judging anyone. It was a point made to people who like to brag they got a steal of a deal in real estate from widows. Sooner or later, damnation will catch up with the scumbags. It is true, one will be judged harder by God when one dies if they took advantage of widows in their lifetime.

Nothing but losers in more ways than one here on this blog.

You’re right Richie. People are just awful in Florida. Why buy or rent from the scumbags anyway. Let them go broke and go to hell in that order.

By maxmoose03

March 6, 2007 5:51 PM | Link to this

“TO RICH R”

You would laugh at yourself if you knew what an idiot you are making of yourself.

Rich R., of course is the one who diddled the old widow out of her farm in North Carolina. It will take some more questioning to establish if Rich’s victim was black or white, and whether she had more schooling than the 3rd grade.

Easy and Rich came up with a theory that Broker Michael Berry was making money flipping widows’ houses. I doubt this, but regardless - I am not Michael Berry, a point which Rich R., in particular, seems unable to grasp.

SO write all the nonsense you want, you just give me a bigger laugh, and make yourself more and more foolish.

BTW God is on my side, not yours. I know because she tells me all the time.

By maxmoose03

March 6, 2007 5:56 PM | Link to this

nicecar — If it were mine I would sell the house and keep the car.

Maybe that’s their problem — house needs a total re-working inside, but its not quite bad enough to sell as handyman.

By .

March 6, 2007 6:51 PM | Link to this

Max Darling, That last post above certainly did have Easy’s Jersey rhythm and schoolboy hysteria toward Catholicism. I think I know who that wa-as. Toodles Darling.

By fairytaletime

March 6, 2007 7:05 PM | Link to this

If Easyduzit wants to believe in mother mary, saints, demons, angels, ghosts, and all the other hobgoblins that normal Catholic adults understand as being allegorical — it’s a free country.

By lizchow

March 6, 2007 7:15 PM | Link to this

where you draw line between free country and nutty as pecan log?

beside, he no buy me car, crazy anyway

By Judas Priest

March 6, 2007 7:30 PM | Link to this

To Your Next Home: Father forgive me for I have sinned. I have made so much money $$$ off of those ignorant Midwestern people; I have also made even more money by scamming very stupid Southerners who still fight the Civil War in their minds. I have not been able to scam anyone from the Northeast (except the very old) ones because most workerbees are untrusting and too smart for me. I am a devout atheist so I really don’t care about the next life because there is no next life or afterlife if you prefer. I love and respect the scams of Al Sharpton, Jesse Jackson and Billy Graham and Jimmy Swaggert, Falwell and Bennie too. If you see me on the road my bumper sticker reads: I believe in DOG, not the bounty hunter but in your backwards idol. Lastly, I am hopelessly in love with Hillary Clinton because she’s evil as am I.

By Signed

March 6, 2007 8:36 PM | Link to this

“I’d like to begin with a fact; a simple, yet shocking fact. It is this: a floodtide of filth is engulfing our country in the form of news stand obscenity, and is threatening to pervert an entire generation of our American children.”

“Now, you might ask yourself, why this sudden concern? Pornography and sex deviation have always been with mankind. This is true. But now, consider another fact. Never in the history of the world have the merchants of obscenity, the teachers of unnatural sex acts, had available to them the modern facilities for disseminating this filth. High-speed presses, rapid transportation, mass distribution. All have combined to put the vilest obscenity within reach of every man, woman and child in the country.”

“”This same type of rot and decay caused sixteen of the nineteen major civilizations to vanish from the earth. Magnificent Egypt, classical Greece, imperial Rome, all crumbled away. Not because of the strength of the aggressor, but because of moral decay from within. But we are in a unique position to cure our own ills. Our Constitution was written by men who put their trust in God, and founded a government based in His laws. These laws are on our side. We have a constitutional guarantee of protection against obscenity. And in this day especially we must seek to deliver ourselves from this twisting, torturing evil. We must save our nation from decay, and deliver our children from the horrors of perversion. We must make our land, the land of the free, a safe home. Oh God, deliver us Americans from evil.”

Signed,

Your next home

and definitely not George Putnam, narrator of Perversion for Profit….

By maxmoose03

March 6, 2007 10:01 PM | Link to this

I never realized Real estate was such a pornographic venture; nor the stock market; I will never look at naked puts the same way again.

I can only hope the 8:36 post was “Signed” making a joke, and not a serious post. Just in case, however, let’s remember the very first amendment that was required in order to render the Constitution a viable document:

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

By cw1900

March 6, 2007 11:11 PM | Link to this

Wow again. I thought I wrote some long posts, but that one from “easydoespbc and mooseface” was out of control. That was a waste of time.

Signed with “Perversion for Profit” quotes. That’s a classic. Max, Signed was quoting direct from “Perversion for Profit” and obviously a dig at “Your next home” is my guess. Google it and view it again for the first time and laugh. It’s an old school film or something like that denouncing the decline of America in the 50s or 60s. It’s pretty funny. I just watched a couple of minutes of it. That’s better entertainment than you will find anywhere.

I have to respond to “Your next home”. Cmon, you people, did you really think I would let that one slide? This will be esay and fun, maybe a little long.

So, “Your next home” thinks I and a few others are going to straight to heII and eternal damnation. Ok. Are you that crackpot from NC who thought us Floridians are the devil, or are you that other misguided kook in Ohio who thinks we in the great state of FLA are not “righteous and god fearin’ souls”? Or are you the Notre Dame fan who was leveled by Signed.

Either way, you said, “I pity you all for your ignorance and arrogance towards God.” You said that in direct reference to those of us who hold certain criminal priests and ex-priests in very low regard for their horrendous acts. We don’t hold God accountable for those creeps. We hold the Catholic Church accountable because they looked away, and so does most rational thinking people. We hold their certain members (not all obviously) accountable who also look the other way and keep on going like nothing has happened. Those priests are human beings. They are not God. God, I’m sure does not want me to think it is ok to look the other way, as some higher ups in the Catholic Church do. So, we are not showing arrogance towards God, we are denouncing criminal activity among some criminals who claim to speak for God. I’m sure God does not want those people speaking for him. Surely, you can see that. If you cannot, then you are the one to be pitied.

You said, “Your GOD is your almighty dollar or your mansion on the golf course.” There is nothing immoral about acquring money and wealth. Many poor, ultra religious people seem to think that being wealthy or wanting to acquire wealth is wrong, immoral, and not pleasing to God. Wrong. Wealth (including money) is not good or bad. Wealth is not moral or immoral. Wealth is not pleasing or displeasing to God. It is your attitude about what you have and how you use what you have that is either pleasing or displeasing to God. I am providing for my family legally and to the best of my abilities, and many of us like to discuss things like that on this blog, as it is part of a real estate discussion. If you don’t like it, that is your problem.

You also said, “CW - get some religion too. Maybe you won’t ever see 43. Anyone can see you are a real miser. Where does it get you?”

Let’s break that down into two parts. First, let’s talk about my religion.

When I look at my kid’s, I am truly blessed and I thank God. No need to go to a building on Sunday morning to tell him that. He knows.

When I’m riding a surfboard, I see a church in those waves, and I am truly blessed and I thank God. No need to go to a building on Sunday morning to tell him that. He knows.

When I’m running offshore, heading east with friends in search of fish, just as the sun is rising, I am truly blessed and I thank God. No need to go to a building on Sunday morning to tell him that. He knows everytime, doesn’t he?

Now, let’s see if I am a true miser as you say, in god’s eyes….a few quick checks on google about God and what he thinks of fiscal responsibility and look at what I found….

1. Are we planning and budgeting our financial spending? Yep, that’s me… Luke 14:28-30: “For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it? Lest haply, after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him, Saying, This man began to build, and was not able to finish.”

2. Are we too generous in giving to others without paying our own bills? Nope, that’s not me… Do we spend for lustful wants while making our creditors wait for their money? Proverbs 3:27-28: “Withhold not good from them to whom it is due, when it is in the power of thine hand to do it. Say not unto thy neighbour, Go, and come again, and to morrow I will give; when thou hast it by thee.”

3. Have we paid our debts or made arrangements to do so when we are having difficulties? Romans 13:8: “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law.” Yep, that’s me…

4. Are we spending our money foolishly or are we being wise? Proverbs 24:3-4: “Through wisdom is an house builded; and by understanding it is established: And by knowledge shall the chambers be filled with all precious and pleasant riches.” Yep, that’s me being wise…

5. Are we giving excessively to God’s work in an attempt to ease our guilt, yet are not paying our bills? Although not many are guilty of this sin we felt we should deal with it as the devil tempts us to go to one extreme or the other. If we are giving too much and not paying our bills it would be wise for us just to give a tithe for awhile until the Lord showed us how to pay our debts. Giving 50% to God and not paying our bills is not in harmony with the Scriptures. “Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law” (Romans 13:8 again). The Lord wants us out of debt, then we will be able to give more to His Kingdom. Some Christians go to the other extreme and say when they are out of debt, then they will give. The devil sees to it they never are out of debt. We must always put God first in our finances, then He will show us the way out of debt. Nope, that’s NOT me (could be you, “Your next home”)…

“Sowing and reaping is a very important principle in the Word of God. We must sow (plant) money into God’s works if we expect to receive a harvest. The Lord gives us money for two purposes. We must have money for a living and to eat, plus money for giving. “For as the rain cometh down, and the snow from heaven, and returneth not thither, but watereth the earth, and maketh it bring forth and bud, that it may give seed to the sower, and bread to the eater” (Isaiah 55:10).

God expects us to keep money for bread, as well as seed for sowing. Those Christians who give it all away and then expect God to take care of them are violating this principle of keeping bread to eat. (Farmers kept grain to grind into flour for bread making, as well as some grain for seed to plant the next crop.) Some people give all their seed away and have nothing to eat, while others wrongly eat all their seed and have nothing to plant for the next harvest. We should have seed for both purposes.” Yep, that’s me also…

So, “Your next home”, I think I am doing what “he” is asking of me in my own way. Now go away. This is a real estate blog.

“To Rich R”, yes, you are making an a$s of yourself. It always seems the most extreme fringe of the left or right wing are the biggest kooks. You have proven that.

“What if god was one of us, Just a slob like one of us….”

Oh, and one more thing. Who said God doesn’t have a sense of humor? He made RCA. You gotta respect that. Now that’s some good ole time religion right there. God, don’t strike me dead for sayin’ that one.

Whew.

cw

By maxmoose03

March 7, 2007 1:46 AM | Link to this

I figure God’s a woman, CW, otherwise there would be some logic to the world.

Up late playing checkers with the dog. He cheats, of course — otherwise you have to figure I would win once in a while.

Anyway, got a chance to look at MLS for the East Boca geographic area. Interesting. 37 SFH’s pending - past their contingencies. One third 400K or below, one third above a million, some way way above. Median between 512 and 500. Again, it doesn’t seem like lowering your price has much relevance here as a marketing strategy, despite what FAR would like you to believe. One thing that keeps hitting Moosie: 30 out of 37 have private pools. Buyers are getting more demanding, all right — but they are willing to pay for what they want.

By mooseface

March 7, 2007 7:48 AM | Link to this

moose is like tony snow.
cherrypick with me!

By maxmoose03

March 7, 2007 8:12 AM | Link to this

Let’s hear your real world data, Mooseface. You don’t have any, little one, because you never had a real job. All you can ofer is stupidity and ignorance.

By maxmoose03

March 7, 2007 8:17 AM | Link to this

BTW, Mooseface, that is NOT an invitatiation to paste another pointless, meandering, irrelevant article on foreclosure rates among Mormons in Slat Lake City on alternate Tuesdays when the temperature drops below 6 degrees Celsius.

By To the holy roller

March 7, 2007 9:11 AM | Link to this

You’ll never win. There are individuals posting on this forum who can run circles around you. Some of them are extremely bright, marked by unusual and impressive intellectual acuteness.

Trying to save their souls is a debate you are not equipped or prepared to win.

You’re better off forgetting these people on this forum and spend your time preparing for your next potluck supper.

By Desperate Seller

March 7, 2007 9:55 AM | Link to this

Dear God, Please help me sell my home.

By Wondering

March 7, 2007 10:04 AM | Link to this

Imagine all the church’s and synagogue’s located on some of the primest real estate in all of south Florida.

It just goes to show you how much open land there was back then, and now the present day town leaders are licking their chops hoping to convince some of these religious institutions to sell and move to less expensive land and rebuild, so the towns can get more tax revenue.

These church’s and synagogue’s are sitting on gold mines.

The town’s

By easyasabc

March 7, 2007 10:55 AM | Link to this

Religion, Porn, Politics and Rich R.

I thought I hit the wrong blog link this morning. I started to read all these religious blogs. Maybe religion does fit in with real estate, sellers are praying for a buyer, buyers are praying for a bargin, the realtors are just cursing in God’s name for not closing, and brokers believe they are God.

Desperate seller, I do hope you sell. Just show you are not desperate, just eager. There is a difference.

No matter what religion org. there is, they ALL have money. More than all of us put together here.

You know, Jesus was a Jew, his mother was a Jew, and he was put to death by the Jews. Anyone want to rebuke that statement?

My jewish friends told me that down the street from the birthplace of Jesus, is the “Red Light” district of Bethlehem. I always wanted to visit Israel, but with the mess they have there, I will have to bypass it for now.

God is a woman? No, that is not true. He made women just to give all life’s answers that men seek.

Think about this…all the wars in history are over one of these three elements…..land, religion or a woman.

The Brits want to tell us that we will have a bad hurricane season. Anything can happen when it comes to weather.

But one thing is for sure, in this country we don’t have a leader who is married to a woman who looks like a horse, we have dentist’s who can fix our teeth and we don’t have judges who wear wigs to court.

Rich R., did you get over your virus ???? Another serving of pie might help. And stay away from that Carolina Gal….I heard her nickname is “Syphillis Sue”.

I wouldn’t mind having that mega-lottery here. We were suppose to have it, but Gov. Bush dropped it when he got into office. Did he do anything right here when he was in office?????

Judas - Hillary is not the answer. Neither is Obama, Rudy or McCain. Our next president is not even in the race yet. One year from now, we will be tired hearing from all these people.

It is a beautiful day here in South Florida. I hear it is very cold up in NYC. You are only three months away where you can lay down your blanket in Central Park over some dog crap.

Did anyoe see Donald Trump fire the lawyer because he consider himself “white trash” on his show? Donald, you have a flag pole on your Mar Largo lot that would only be seen at used car lots.

Life is very good in Palm Beach.

Realtors, get back to selling or it will be a long time before you can drink another cup of coffee for yourselves. Writing here won’t pay the bills that you have.

esyasabc

By maxmoose03

March 7, 2007 10:57 AM | Link to this

Duh…pot luck supper? Yum!!!

By maxmoose03

March 7, 2007 11:08 AM | Link to this

Easy -

Jesus was put to death bv Romans, who entirely dominated and administered every detail of the region.

This is not argued by any credible historian anywhere. Set foot on a college campus for once in your life and talk to some profesors.

The myth you are propagating is very popular though, among Jew haters like yourself, who are far more transparent than you suspect.

People like you are also the sole reason why what simple-minded people did 2000 years ago would even matter.

By maxmoose03

March 7, 2007 11:20 AM | Link to this

Psychiatrist: Good morning, Mr. Easy. What can I do for you?

Easy: Doctor, I am haunted by supernatural creatures. I believe there are spirits all around me - ghosts, angels, demons, the spirits of martyrs…

Psych: Captain Easy, I am sorry to tell you this, but you are dangerously delusional. You appear to be psychotic, specifically shizophrenic with paranoid features.

Easy: I also believe a particular group of people murdered God.

Psych: Murdered God? You are also sociopathic. You are a danger to yourself and others. I believe you should be confined until these problems can be treated.

Easy: I can’t. I’m late for mass.

Psych: Oh, you’re CATHOLIC. Hah hah, why didn’t you say so? Now, what can I do for you?

By Signed

March 7, 2007 11:42 AM | Link to this

“I AM TRULY MARY MAGDALENE, JESUS’ MARY, & I HAVE JUST LEARNED OF THESE SO-CALLED CATHOLIC BASHERS! THIS IS AN ABOMINATION TO SAY THE LEAST! REMOVE THEM FROM YOUR BLOG! CENSORSHIP MUST BE DONE TO PROTECT THE SANCTITY OF THE ONE, THE MIGHTY, HOLY CATHOLIC CHURCH!!

THIS IS BLASPHEMY!

THIS IS TRULY NO JOKE I ASSURE YOU ABOUT MY BEING JESUS’ MARY MAGDALENE, BECAUSE FATHER GOD ALMIGHTY, THE FATHER OF ABRAHAM, HAS SENT MY ‘SPIRIT’ BACK HERE TO EARTH YEARS BACK-(REINCARNATED) FOR THESE “VERY DAYS” BECAUSE OF ALL THE EVIL THAT IS RAMPANT ON THIS DIRTY, VIAL EARTH! NO ONE, & I MEAN NO ONE DOES THIS TO MY BELOVED JESUS , MY HUSBAND! YOU HEARD RIGHT! DO NOT DOUBT THIS FOR A MINUTE! VERY SOON, FATHER GOD WILL HAVE IT ‘KNOWN’ TO THE WORLD! STOP IT ALL NOW I SAY! STOP TYPING THIS FILTH AGAINST JESUS CHRIST!!! MY HUSBAND! MARY MAGDALENE & JE’SU - AAAAHHHHHHHH!!!!!!!!!!!!!!”

Signed,

RCA

By New Numbers

March 7, 2007 11:47 AM | Link to this

You are all nuts on these blogs arguing about prices going up or down in real estate.

This is the most beautiful time of the year here. I am taking off to work on my tan and see some spring training games. The baseball scores are the only numbers I am interested in this month. I’ll see you all next month to see where you are all at with your real estate and money.

It’s a waste of life and a sin to be inside writing on these blogs.

You know Max, when my grandfather died, the look on his face told me he was looking at the most beautiful woman there ever was. Ever since then I thought God was a woman.

By WWED

March 7, 2007 11:49 AM | Link to this

What would Elvis do?

By Jesus is cool

March 7, 2007 11:51 AM | Link to this

…but his followers give me the willies

By BOYCOTT BLOGS

March 7, 2007 11:52 AM | Link to this

BOYCOTT THESE BLOGS. NOTHING BUT A BUNCH OF DIRTY JEWS WRITING ON HERE.

SIGNED,

ALL CHRISTIANS UNITED

By predictions

March 7, 2007 11:57 AM | Link to this

Scientists also take “leaps of faith” to predict future. Hopefully these guys, confirmed in their “faith” are in error.

Either way, Insurance groups will latch on to this as infallible analysis to justify rates. From report :

“TSR raises its forecast for an active Atlantic hurricane season in 2007.

The TSR (Tropical Storm Risk) March forecast update for Atlantic hurricane activity in 2007 continues to anticipate an active season to high probability. Based on current and projected climate signals, Atlantic basin and US landfalling tropical cyclone activity are forecast to be about 75% above the 1950-2006 norm in 2007. This is the highest March forecast for activity in any year since the TSR replicated real-time forecasts started in 1984. There is a high (~86%) likelihood that activity will be in the top one-third of years historically. The forecast spans the period from 1st June to 30th November 2007”

http://tsr.mssl.ucl.ac.uk/

By WWJSD

March 7, 2007 12:02 PM | Link to this

Now, that last post by BOYCOTT BLOGS had to be from RCA or Carolina Gal.

What would Jimmy Swaggart do?

By to CW

March 7, 2007 12:04 PM | Link to this

CW, Jesus loves you, everyone else thinks you’re a jerk.

By maxmoose03

March 7, 2007 12:10 PM | Link to this

New Numbers:

Call me parochial, but I don’t think it is right to be fooling around with your grandfather.

Did I miss something? What kind of chic goes to Spring Training games? I used to go when Howard Johnson was playing for the Mets. Now it’s all a bore.

If you are as beautiful as grandpa thinks, plus skinny, let’s continue this discussion in in my confessional. Er, office.

By maxmoose03

March 7, 2007 12:16 PM | Link to this

BOYCOTT BLOGS -

Why don’t you boycott the United States too? If you still hold the same attitudes once you reach puberty, you will be everything the United States was established to correct — from the first line of the Constitution on. meantime, I’m not arguing with a mentally retarded adolescent.

By maxmoose03

March 7, 2007 12:27 PM | Link to this

WWJD

Isn’t that some kind of wrestling organization?

What would Jesus do?

He was Jewish and a Rabbi. He would go to synagogue. What did you think he would do?

I think the intentions are right, however.

Even more interesting is the folksy “My Boss is a Jewish Carpenter.” Those are folks (I believe) who are genuinely interested in where they came from spiritually.

By cw1900

March 7, 2007 12:37 PM | Link to this

Well, I had a chance to check the blog for a few minutes, and omg.

I guess that brought out the nuts and the freaks.

The best line today was from “Jesus is cool”, and I quote, “Jesus is cool…but his followers give me the willies”

I couldn’t have said it any better.

Jeff, you better get a new topic before Pat Robertson comes on tv to rile up his profit stream…errr, i mean his followers, and they all come to WPB and picket your office.

cw

By maxmoose03

March 7, 2007 12:39 PM | Link to this

“My Boss is a Jewish Carpenter”

Actually, despite being a bit corny, that is one of the cleverest bits of lore I can name. In one simple sentence it correctly establishes the facts of Jesus’ life, identifies him not as a deity from some remote time and place, but as a living person who is present, and declares that the speaker has an ongoing relationship with him today.

In 6 words.

Pretty clever, I have to admit.

By maxmoose03

March 7, 2007 12:52 PM | Link to this

CW —

One of the ones who gives me the willies is Easy. This is an old-style Jew-hater who thinks he “loves the chosen people” because his doctors and accountant, or whatever “always come through for me.”

Creepy.

By meshugamax

March 7, 2007 1:18 PM | Link to this

The craziness spreads. Now believed to be thousands and thousands of saint statues buried by deperate sellers. Supposed to bring buyer.

Statue makers smart marketers.

By easyasabc

March 7, 2007 1:22 PM | Link to this

OK, I go away and come back and see more religious notes here.

Here is another fact that religion and real estate have in common. At the end, we are owners of the same size of lot 8x3x6, or in the same size wall unit, some very high up than others, or some of us are lucky to have our ashes stored into a cup and put on a fireplace mantel or in back of a closet in a million dollar home of a relative.

I am no Jew hater. I love jewish people. Especially jewish women. They are the best ones to “give it up” without spending too much on them.

Back to the death of Jesus. Sorry Max, it was the Jews who killed Jesus.

• It was a Jew who turned Jesus over to the Jewish Rabbis for money.

• It was Jewish High Priests who forced Roman Gov. Pilate to excute Jesus.

• It was a Jewish mob who chanted for “Barabas” to be set free instead of Jesus. The Jewish Rabbis gave everyone in the crowd 2 cents to make sure they would not say the name of “Jesus”.

The Roman Gov. just washed his hands for his part of not being involved with the killing of Jesus by the Jews.

But if you want to blame the “Italians” once again for being involved in another killing, well that is your point a view. If the “Italians” were involved in the killing of Jesus, wouldn’t they have taken Jesus out in the desert and return without him? Just like the way they do it in Las Vegas!

We read in the bible how the Jews walked pass Jesus who was on the cross and mocked him.

We all can see how max is upset from what people say. Maybe max and other people should go to synagogue or a church this weekend and reflect and thank your God of how good life has treated you. I always do and proud of it.

I was always told there are a few things you never talk about with people. Politics, Sex and Religion. Everyone has their views on these matters, and you should respect their views.

You don’t go to church, that is OK with me.

You don’t like priests, that does not bother me.

You hate certain religions, I won’t care.

Just remember this, more transactions in real estate happens every day in this country with various religions than through real estate offices. So many people donate land, homes, and buildings to the church when they die or to support their church than anyone can imagine.

At the end, all of our property, and toys wont mean anything to us.

easyasabc

By maxmoose03

March 7, 2007 1:41 PM | Link to this

Easy -

Personally, I can’t believe any woman under 300 lbs. would “give it up” for you, and of course your comments indicate nothing but further contmept for Jews, whose women you see as prostitutes. Perhaps you are having flashbacks to your Mother’s behavior in your youth, but that’s a different story.

Your interpretation of history is absurd, completely discredited, and not even supported by unbiased Catholic theologians, let alone secular academicians. Your inability to distinguish “Italians” from “Romans” is further proof of your paranoia. BTW, modern Italy has about as much to do with the Roman Empire as a black hole has to do with the Sun.

Face it, Easy, the Jew-hating is so deeply engrained in you it’s indelible. It’s a stain on you everywhere you go. And everywhere, as soon as you open your stupid mouth, people identify you as belonging to the lowest class of Western society.

By maxmoose

March 7, 2007 1:46 PM | Link to this

Holy s**t, I just read through the rest of your interpretation of history. Easy, you are clarly out of you f—- mind. I have never even seen such b******t.

As much as your religion is a bunch of b******t, as much as you are a b******t coward who won’t come see me, I am still amazed at the crap you can produce.

Come see me, Easy, you fag. We’ll discuss religion over petits-fours.

By Ashamed of Maxmoose03

March 7, 2007 1:47 PM | Link to this

I speak for the decent Jewish community which Maxmoose03 is not a member of.

We are ashamed to have Maxmoose03 say how we feel or think when it is HIS WAY OF THINKING ONLY.

Maxmoose you are a disgrace to the human race. Maxmoose is the lowest of the low on this planet. You are not even a practicing Jew at that. You are disgusting and repulsive to anyone decent and upright.

By maxmoose03

March 7, 2007 2:10 PM | Link to this

“Ashamed”:

Shut up, you don’t play a convincing Jew, and you don’t even know if I am part Jewish, all Jewish, or entirely non-Jewish.

Having grown up in NY, my friends are mostly Catholic, whether or not I agree with their religion or any religion. Nonethe less, they were not such creeps as Naziasabc. Guys like him were the nuts, the outcasts. Pazzo.

Nobody with a brain believes in an anthropomorphic God. I am impressed with CW’s analysis, and he is indeed wiser looking for salvation in the waves at the beach than in the donations to any religious organization.

Well is this a real estate blog, or insn’t it? How much land does the Catholic Church own in the United States? It’s holdings are astromical, and yet it is happy to keep aging Sisters in poverty, as it recently chose to do in Delray.

I try to withhold judgment, but let’s face it: the Catholic Church is an inherently evil organization, which actively promotes, or at least protects, sex acts performed on small children, while the Church amasses wealth for itself in staggering proportions. An entreprenuerial priest can be a millionaire in a few years. Many have families outside the Church.

They, meantime, use the voo-doo like means of the Church, with its entire repertoire of ghosts, Saints, spirits, goblins, angels, demons, Jesus, Mary, Satan and whatever other medieval nonsense they can, to terrify adherebnts into compliance.

I hold my Catholic friends in high esteem. I just wish they did not bear the yoke of Catholicism.

By Amir Ashole

March 7, 2007 2:26 PM | Link to this

Catholics,Jews,Protestants,Buddists and Atheists… and all real estate with green lawns…Allah will smight ALL of you infidels. Go to your tiddy bars and my brothers and I will see you in hell

By Ezekial 25:17

March 7, 2007 3:23 PM | Link to this

Jules the Flipper: “The path of the real estate investor is beset on all sides by the iniquities of the interest only mortgage and the tyranny of evil doom and gloomers. Blessed is he who in the name of speculation and HELOCS shepherds the buyers through the valley of the zero lot line, for he is truly his tenant’s keeper and the finder of lost snowbirds. And I will strike down upon thee with great vengeance and furious anger those who attempt to claim the median home price in Palm Beach County will not grow by 30% per year. And you will know my name is THE FLIPPER when I lay my vengeance upon thee.”

By esyasabc

March 7, 2007 3:34 PM | Link to this

I believe the 9/11 hijackers themselves visited a strip joint up in Daytona just days before the hijacking.

Anyway, these so called “Holy Muslims” have the same problems as the “Religious Jews”. If it wasn’t for the oil underneath your sand in the Middle East, you Arabs would be only selling rugs to 300 lb Jewish women to bring back to their Boca condo.

For over 2,000 years, Jews and Arabs have been killing each other. Anyone want to deny that statement?

When Iran (they are Persians, not Arabs) gets the bomb, they will over run the oil fields that the Royal Saudi Family owns and fire missles into Tel Aviv. How many Jews, full, half or a quarter part, will run over to Israel and fight? Just a few. It will be American boys going over there to fight while people from Israel will fly here to Florida and live with their relatives and in-laws in Boca and spend time at Disney World. Then the real problems will begin here…….long lines at my favorite restaurants, more rude drives on I-95, and an over flowing toliet system on the south end of Palm Beach County.

Max…or should I call you “MadMax”….people know I am telling the truth when I get you to swear like a pig and you have to bring my mother into the conversation. Are you sure a “Professional” broker and not a roommate of RCA at the asylum??????

Last time I remember, Rome was in Italy. The Romans had a great power over half of Europe, most of the Middle-East and beyond. What made them weak was all those orgies that was going on and their pagen Gods in which they believe in. Christianity overtook the entire region and brought in real culture, politics, and a new way of thinking. And it was all started by a Jew named Jesus. Does that bother you??? You still can see today evidence of the Roman Empire in all areas in which they occupied. They also have their history, just like many other differnt religious groups.

Israel has also made many accomplishments in both medical and technology. I have no ill favor towards Jewish people. If you got upset that jewish women are hot for non-jews, then you have to deal with that. I did not call them prostitutes, you did! The jewish women I went out with were whores…..you know how I could tell….they did not wear any panties! There is a different between a jewish whore and a jewish prostitute….one gives it away for nothing…and the other charges at a discount.

Maybe you should hang out a church and pick yourself a nice gentile lady. I know some Baptist women who have a sister. Baptist women are very loving in a marriage. Maybe you should sign up for a Bible study class and sit next to the prettiest single girl in the room. Baptist girls do not like any “hanky-panky” until after six months of dating. Can you last that long? Maybe you are married and just frustrated about your status. Anyway, that is your problem.

I just think this anti-catholic you have inside deals with something in the past. Did Father Flannigan or a Father O’Malley do something to you when you were a little boy? You know, if that happen to you….you can make some money on a lawsuit.

Life is very good in Palm Beach

easyasabc

By maxmoose03

March 7, 2007 5:02 PM | Link to this

First of all Easy, or should I say Nazi, many people living in Israel now and risking being bombed everyday, actually came from the United States. The kid who led the unbelievably courageous and slick Entebbe raid was a philosophy student from Cornell, and a martyr. Israel is our only reliable ally in the world, save prossibly Great Britain.

Israel is a tiny country. Nonetheless, they had to save our asses 20 years ago by destroying Iran’s nuclear capabilities, and Nettenyahoo is already hinting they may have to again, since Bush can’t get anything right. It’s embarassing having one of the world’s smallest countries defending the mightiest.

Americans who happen to be Jewish are Americans first and foremost. If some feel a strong enough bond to go fight in Israel, it is not surprising, but they fight for the US first.

This is in sharp contrast to the Italians, who started World War II as our enemies, doing everything in their power to kill Amreicans. Fortunately, Italians in Amreica were too cowardly to go ho home and fight against Amreica. They settled for building organized crime empires instead, trying to destroy Amreica from the inside out.

Your Momma was a whore, and the evidence is you are alive. Whether she survived in Italy or in Little Italy, she did the same thing all of her ilk did to survive. I am sure she had her Rosary Beads with her the whole time. Maybe she prayed to Mary Magdelan - an acknowledged whore, or Mother Mary - a whore in fact (nobody gets pregnant by devine conception).

So there’s your heritage, Nazi: Mussolini, war with the US, a voo-doo religion with an evil Church that buggers young boys, and a history in Amreica of whores and gangsters. I would not brag about it if I were you, Nazi.

I have many talented Italian friends, even if some them are a little screwy and fly off the handle. They accomplish what they accomplish in spite of their background, not because of it.

By To maxmoose03

March 7, 2007 6:03 PM | Link to this

You are the most disgusting and despicable individual there ever was. I am most offended and upset with your statements made at 5:02pm.

You are going to come to a VERY BAD ENDING in life. I wouldn’t want to be associated with you or associated with anyone that does business with you. You are ROTTEN TO THE CORE.

YOU ARE CURSED FOREVER.

I hope you lose your business, all your money, your home, your wife, your dog and anything near or dear to you in this life for your attack on the Blessed Virgin. May you rot in HELL forever.

Mrs. Mary O’Neil Palm Beach Gardens

By mooseface

March 7, 2007 6:14 PM | Link to this

max, please get off this blog. we talk about housing, not what ever else is on your mind. really, get over yourself. all the real bloggers took off a while back. come over to housingbubbleblog.com and get blasted to kingdom come.

“The nation’s subprime lending industry is now in full ‘meltdown’ and its woes are far from over, experts warned yesterday. ‘It’s a total meltdown,’ said Ernest Napier, an analyst with Standard & Poor’s. ‘Everyone had anticipated that the music would stop (on these type of high-risk mortgages). Well, it has.’”

“‘I think we’re just seeing the tip of the iceberg,’ said Lee Forker, president of Boston’s New England Research and Management. ‘This is serious stuff… . It’s not time to be putting your head in the sand.’”

“Gerard Cassidy, an analyst at RBC Capital Markets, agreed the situation is serious, especially since subprime lending accounted for about 22 percent, or more than $550 billion, of the entire $2.5 trillion mortgage industry in 2006.”

By BACK TO THE TOPIC

March 7, 2007 6:30 PM | Link to this

Jesus Saves.

Moses Invests.

By rick

March 7, 2007 7:04 PM | Link to this

housingbubbleblog.com?

how gay is that?

hahahahahahahahahahaha hahahahahahahahahahahah ahahahahahahahahahahaha ahahahahahahahahahahah hahahahahahahahahaha hahahahahahahahahaha

By humminahummina

March 7, 2007 7:15 PM | Link to this

I have to tell you the letters wanting to buy my rental properties in the lower income areas of central palm beach county have picked up again big time.

these letters are fron the wholesalers wanting to buy properties.

they are coming in about 3-4 per day right now.

6 months ago, 1 a week.

2003 is when they picked up to many per day, now that volume is back.

somebody knows something the chicken littles don’t want you to know.

i’m thinking the way up is coming to a neighborhood near you very soon.

/ralph/

By SirPercy

March 7, 2007 8:42 PM | Link to this

Dear humina: more details please. I got one of these letters recently, too - i am a fsbo -

By Hummina

March 7, 2007 9:27 PM | Link to this

Sure, no problem. I get them all the time. They are from decent sized companies as well as a one man band operation by some guy who probably took a seminar on how to buy real estate cheap.

These guys are wholesalers, no different than pros who know how to buy cars on the cheap, vacuum them, and then resell them for a profit immediately.

These guys need to buy at 20, 25, 30% minimum below market value, then fix them up, and resell them. The reason I say this is because, as I think cw1900 said once that he also receives these letters and he says he has rentals also, these guys are looking out probably no more than 6-9 months. I’d tend to go along with his theory on this. It’s what I’m thinking.

You say who would sell at 30% under market value?

Plenty. The scared. Job losses. No money to fix up the dump. Long distance landlords. People who inherited the place and want the cash fast, etc. All kinds of scenarios.

If you ever wondered about those we buy ugly houses ads, that’s what I’m talking about.

Usually, those letters only go to people in working class zip codes where there is a high concetration of fixer uppers or people who may be in financial straits.

These letters tend to not go to zip codes where there is a higher concetration of college educated, higher net worth households.

Those households generally do not need the services of a company that can buy your house for cash in 30 days, etc. People with money don’t give anything away.

Bottom line. I usually keep a file of these letters, but it’s just for informational trend purposes only.

I would advise against calling one of these.

If you are FSBO, please, never, under any circumstances, never accept a deal from a no money down, seminar loser.

You are dealing with someone who has no money and probably no credit.

Good luck. I’d wait this out a little longer. Selling now is giving it away.

/Ralph/

By maxmoose03

March 7, 2007 10:13 PM | Link to this

TO “To Max” (Mrs. Mary O’Neil Palm Beach Gardens):

Dear Mrs. O, Neil,

I was talking about a different Virgin Mary, not you.

Max

By maxmoose03

March 7, 2007 10:26 PM | Link to this

Mooseface:

Come back when you reach puberty. Nobody, repeat NOBODY in their right mind is interested in your pasted mortgage stories, nor what economists have to say about the mortgage market.

By the way - for you folks who want to know what an economist is and what he does, take a look at “100 B******t Jobs and How to get Them,” by Stanley Berg. In your local bookstore now.

By maxmoose03

March 7, 2007 10:36 PM | Link to this

Correction: the author is BING, not Berg.

By maxmoose03

March 7, 2007 11:02 PM | Link to this

Well, the dog has the checkers set up, so before I go I will mention that no one should get upset with me for being flip with “Mrs. O’Neil.” That is Easy changing names and typing in capital letters, as he always does when he is flustered.

Incidentally, Moosehead, I am pretty sure if I call my old friend Ernie Napier, who is one of those MD’s (Managing Directors) I talk about with the 7 - figure salary - he will say your article is a fabrication. Care to ask him yourself? 212-438-7397

By cw1900

March 8, 2007 9:30 AM | Link to this

morning notes from cw:

housingbubbleblog.com…? I just looked at that site. Outdated and full of porn posts, and conspiracy theorists. An absolute waste of time. Hey guys, who killed Kennedy? With all those porn sites listed, you’re sure to rile up our very own god squad here on this blog.

I forgot about the statues being buried in people’s yards to sell their houses more quickly. Can you imagine people actually think that by buying a plastic, manufactured statue, probably made next door to a brothel in Bangkok, and burying them in the yard, that God will get their house sold quicker? Cmon, people, you’re not that stupid, are you? How much money did you throw away on that and then in the next breath complain you can’t pay your insurance bill? Do any of you actually believe in that? If you do, I need to hear from you. I need to hear the reasoning of a real, honest to god, kook…….Why didn’t I think of it first? Then I’d be rich.

Hummina and Sir Percy, I’m getting many more of those letters from the wholesalers these days also who say they want to purchase your house. The frequency of those in the mailbox has definitely picked up. I noticed it a couple of months ago and mentioned it here, and yes, these companies are thinking up to a year out, I’m thinking. Anyone know the details with what these wholesaler’s game plan is? Good post Hummina. Is Hummina accurate? When they buy, they need to get that property rehabbed and back on the market asap, right? If that is the case, then there are alot of people thinking this market is going higher sooner rather than later.

Lastly, “Mrs. Mary O’Neil”, don’t worry about us. We’re just fine. Relax. BTW, where did you get your cursing powers? Walmart or Publix perhaps? Let us know. Do us a little public service and tell us how. I know there are many of us here who would like to put spells and curses on each other. Sounds more fun than when I used to play my Black Sabbath albums backwards and here all those satanic messages….

cw

By SirPercy

March 8, 2007 10:04 AM | Link to this

Thanks Ralph/Humina!

Actually I did talk to one of these slick operations - offered me an insulting amount after promising they make “fair offers” in advance of a meeting. But, LOL it was still a lot more fair than the straight-faced offer I got from a regular source (aka people who want to live here). I guess because my house needs TLC people think I should give it away. Not likely. Do you think we are near the bottom and do you think the Legislative “efforts” will be the catalyst to the change? I do want to sell asap, but I’m not currently in a desperate situation…

By xenon

March 8, 2007 10:26 AM | Link to this

cw1900:

Saw the reference to thehousingbubbleblog and checked it out. Appears to be a variation on the Drudge Report; a collection of links and synopses regarding the real estate market. The links and the information are current. I saw no links to porn, but there may be some buried in the thousand or so replies to the articles. I found the information quite credible, as it is derived from newspapers and magazines from all across the country. Your characterization of thehousingubbleblog is false. Perhaps you find solace in denying reality. Lie to yourself, but spare us.

By easyasabc

March 8, 2007 11:09 AM | Link to this

Hello boys and girls,

Sorry I am late this morning, I was helping my neighbor bury his real estate agent upside down in his rear yard. The agent did not sell and my neighbor is jewish and did not want to buy a Virgin Mary statue.

MadMax, are you upsetting little old ladies in PBG ? You know, the Catholic Bishop is Italian and he might call the Holy Father to get some Vatican Guards to come over here and take care of you!

You said some nasty things about Jesus’s mother. Remember, she is jewish! I would not want to be around you. Sounds like you are the Jew hater saying bad stuff about a jewish mother!

I see you said more nasty stuff against my mother again. Is that how your mother raised you?

I was thinking of hiring some guys from Central America, who live in Lake Worthless, and have them come over to your house and paint pictures of the Virgin Mary on your cars and garage door. They do some nice images! I bet you would be the talk of your neighborhood. You might be the first house in the neighborhood to hold nightly midnight mass. To supplement your income, why don’t you pass around a collection plate!

I just felt that MadMax has cursed us into a Cat. 5 season from what he said about the Virgin Mother. At least I have a place in California now.

I am also a Nazi? I bet you sit in front of your tv with your toy soldiers and watch “Patton” over and over. At least the Germans had very good generals. If they ran the war instead of Hitler, we might have seen MadMax “goosestepping” to his job every morning.

Israel saved our a*s? I believe we are the only country that gives money to their govt. France hates them, England hates them and the rest of the world wants to destroy them. Most of their military aid is from us. But we do get some very good porn movies in return. Jewish porn directors and jewish porn women are rated #1 in my collection.

I really believe that all christians should light a candel for MadMax this weekend at their church. He just lost it yesterday. I hear Billy Graham will fly in this weekend and try to re-baptise MadMax in Lake Okeechobee.

Note: (Tickets are $10, parking is free, refreshments will be served afterwards. Rev. Graham will also be on hand to sign his books. Jews are also welcomed.)

In the meantime, anything new in real estate news here???????

I guess not. OK, this week was about religion, I think we talked about sex already……we did the political review…..ne numbers won’t come out until two more weeks from now…..nothing to talk about at the movies……we don’t care much about Jeff’s book review…..I know, we can either talk next week about the upcoming baseball season or hold a history quiz contest and see who can win….RCA or MadMax?

easyasabc

By Jim the Realtor

March 8, 2007 11:25 AM | Link to this

No wonder my listings aren’t selling! Where did everybody go? “Mark Vitner of Wachovia Corp. cited a recent Florida Department of Education report anticipating the state would add 47,000 additional students to its public schools in 2006. In reality, the state’s public school population grew by 470 new pupils last year.”

By maxmoose03

March 8, 2007 11:44 AM | Link to this

I KNOW the dog cheats at checkers, I just can’t figure out how. It is that last double-jump he always gets me with.

Well, even Moosie was curious what the low-ballers would offer. I responded to a guy who “guaranteed” a fair offer in half an hour. Ten days later I got an “offer” back for exactly 70% of the contract price I had had on the house when it fell through because of the hurricane. They must have just used my own figure on that contract, multiplied by .70 — there is no way they could have researched that.

A lot of these guys are flying by the seat of their pants. They are not lawyers, brokers, financiers or handymen, and they don’t know what to do with a house once they get it, discount or no.

However, you guys are right, their activity has picked up, for what its worth, and they are anxious to grab houses. And in their defense, as Sir Percy mentioned, there are a lot of “ordinary” people trying to out-thief the thieves.

Well, February is 3 days shorter than March, or 90.3 % of March. So we would need about 448 houses in PBC in February to stay even in volume.

Not a big sampling, but even so I would like to see a 400K median price.

Once we are back in record territory for prices, the same people who wouldn’t buy for for $360K will be hot to buy at $420K. Forget what you learned about “Supply and Demand” in Economics 101. This is our economics laboratory right here.

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March 8, 2007 11:55 AM | Link to this

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That site is junk. Some posts I actually read sounded like where Fink gets his info. Yes, there are some articles, but you have to wade through the trash to find anything worthwhile to read.

This is the place the kooks go to congregate and bounce their real estate conspiracy theories off each other.

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By maxmooseO3

March 8, 2007 4:23 PM | Link to this

Jeff is taking out alol my posts.

I guess Easy called up whining.