Happy

New Year.....
Babs Cochran speaks: click while we arent impressed with the video the nice little survey at the bottom of the page tells all. last we looked over 60 percent of readers aren't buying it. literally.

Tank's for the memory:

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20 percent more: click

think again: click

Shiller speaks:click

2011

we are here just been busy, got lucky and sold a couple of widgets. thankfully.

Meanwhile, 2011 wont produce any recovery in housing prices according to this article:click

since our last post had a run in so to speak with a used house salesman. bottom line the sales person ended up selling the potential client for our house a home in a development that is riddled with foreclosures, because it was cheap. I told the persons there were 2 other exact homes on the same street owned by banks and over 50 LP's filed within past six months. Bottom line, this person sold the person the cheaper home and I wonder if this person informed the buyer of same? The buyer a elderly lady is not computer saavy and I wonder if she knew or cared?
I don't understand why anyone would willingly buy in a development with numerous LP's and HOA liens, isnt it obvious someone is going to have to pick up the short fall of cash? Just sayin...... If someone sold my aged mom a home in similiar development I would be highly concerned.

We like the following charts, risky business and all.
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How low can they go:? click