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Old 05-01-2013, 12:26 AM
 
Location: Whittier, CA
494 posts, read 1,535,683 times
Reputation: 450

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Fabian Calvo: Real Estate Pump and Dump Coming - YouTube
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Old 05-01-2013, 01:22 AM
 
Location: SF Bay Area, California, USA
936 posts, read 1,335,670 times
Reputation: 556
There are 2 more City Data topics in the same topic:
How healthy is housing?
The Great American Housing Rebound

Also some more related reading on causes of HB2.0.
The drawn out impact of quantitative easing on real estate: Japanese real estate continues to struggle while Bank of Japan expands monetary base. Federal Reserve and Americans style quantitative easing. » Dr. Housing Bubble Blog
The New Game in Town: Single-Family REITs | The Financialist
Blackstone Rushes $2.5 Billion Purchase as Homes Rise - Bloomberg
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Old 05-01-2013, 07:04 AM
 
4,130 posts, read 3,728,589 times
Reputation: 3041
The author of this rant reeks of investment scammer.

-The website promises returns through the roof (12-30%)
-There's no documentation of how it is capitalized or who the major investors are
-The website provides testimonials instead of performance
-Claims there is a massive conspiracy in manipulating the market, but they have "cracked the code" to give people huge returns
-Claims the market is not really recovering, because the writer says so, so you need to invest in their product to make money
-The website claims weird buys, like WaMu loans....not loans from those who purchased WaMu's assets after they failed

I am all for a fool and their money quickly being parted, but this guy isn't even trying very hard.
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Old 05-01-2013, 07:19 AM
 
1,924 posts, read 1,915,911 times
Reputation: 1196
Is this guy the May selection in the Whackjob-of-the-Month Club?
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Old 05-01-2013, 08:15 AM
 
4,130 posts, read 3,728,589 times
Reputation: 3041
Quote:
Originally Posted by oaktonite View Post
Is this guy the May selection in the Whackjob-of-the-Month Club?
Pretty much. Doomsayers will champion anyone that espouses their views till they are discredited. Then they go down the line of finding champion after champion that all say what they believe in already. Same with the constant desire to convert others. With beliefs so far outside of mainstream reality people need to convert others to make sure their beliefs hold water. Since the more people that believe what they already have decided as true no matter the evidence the more they feel safe in their beliefs...and the less debunking of an already unstable belief is done.

The same is true of conspiracy theorists, fundamentalist loons, young earth creationists, and many other cranks. It's the sign of an unstable mind, and why you see crazy people ranting on street corners trying to convert (or "wake up") the masses instead of doing anything useful.
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Old 05-01-2013, 09:44 AM
 
129 posts, read 210,832 times
Reputation: 143
ducviloxi - can you please stick to one thread? You've got FIVE threads about real estate on the front page of this forum alone.
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Old 05-01-2013, 11:01 AM
 
Location: SF Bay Area, California, USA
936 posts, read 1,335,670 times
Reputation: 556
Quote:
Originally Posted by EmeraldCityWanderer View Post
The author of this rant reeks of investment scammer.

-The website promises returns through the roof (12-30%)
-There's no documentation of how it is capitalized or who the major investors are
-The website provides testimonials instead of performance
-Claims there is a massive conspiracy in manipulating the market, but they have "cracked the code" to give people huge returns
-Claims the market is not really recovering, because the writer says so, so you need to invest in their product to make money
-The website claims weird buys, like WaMu loans....not loans from those who purchased WaMu's assets after they failed

I am all for a fool and their money quickly being parted, but this guy isn't even trying very hard.
Then what do you think, why are investors rushing into buying real estate in many places? Where I live most buyers are investors, and at many other locations it is the same.
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Old 05-01-2013, 11:41 AM
 
621 posts, read 547,727 times
Reputation: 265
Quote:
Originally Posted by buenos View Post
Then what do you think, why are investors rushing into buying real estate in many places? Where I live most buyers are investors, and at many other locations it is the same.
Good point. What would happen if QE went away? Or we had sane interest rates. Instead of 0.25% prime for what how many years?

The person in the video has some very valid points. That he is selling proprietary investing stuff doesn't make him wrong. A new bubble is not economic health. Unless wages go up to support higher house prices those will just come back down.
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Old 05-01-2013, 12:45 PM
 
4,130 posts, read 3,728,589 times
Reputation: 3041
Quote:
Originally Posted by buenos View Post
Then what do you think, why are investors rushing into buying real estate in many places? Where I live most buyers are investors, and at many other locations it is the same.
Not sure about your area, but I know 3 real estate agents and 2 loan officers. It's been one heck of a time meeting and catching up with them based on how busy they are. Each one has said it's a combination of factors from their clients.

- Low interest rates
- House values have been recovering
- People have been paying down debt and saving the last few years
- It has been such a buyer’s market that unless people need to move that few people have been selling
- Once people saw other houses selling for reasonable amounts, the pile was on of people who wanted to sell but couldn’t.

They have only sold one property as a rental so far this year I know of. Which was really only for empty nesters looking to downgrade or very young couples where kids were a few years off.

There's no "massive conspiracy" behind this. It's a marketing gimmick for the gullible with little between the ears. Its infomercial trade to claim there is something everyone who is "in the know" magically has, but they have the product (or service) to fix. Then fast forward a bit and they are in jail or skipping off to a country with no extradition treaty.
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Old 05-01-2013, 12:52 PM
 
28,906 posts, read 45,254,652 times
Reputation: 45820
Rising real estate values are a dead cat bounce.
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