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Old 03-25-2013, 03:05 PM
 
10,494 posts, read 27,241,410 times
Reputation: 6718

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Fabian Calvo (look him up) clarifies everything in this video below that he made 3 days ago.


House of Cards, Real Estate's Big Secret - YouTube
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Old 03-25-2013, 03:36 PM
 
12,973 posts, read 15,800,908 times
Reputation: 5478
Quote:
Originally Posted by las vegas drunk View Post
Fabian Calvo (look him up) clarifies everything in this video below that he made 3 days ago.

House of Cards, Real Estate's Big Secret - YouTube
In order to do a pump and dump you have to own something to pump then dump...they don't. And they are not going to. You need a substantial piece to pull it off. They can get that substantial piece only by paying a high price for it.

So far low down mortgages are a very small piece and very tightly reviewed. Unlikely to change any time soon. And as Airics and others casn tell you mortgages resetting has been the best thing to happen to borrowers.
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Old 03-25-2013, 04:15 PM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 13,156,755 times
Reputation: 3900



Sent from rotary phone...
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Old 03-25-2013, 06:12 PM
 
12,973 posts, read 15,800,908 times
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Originally Posted by von949 View Post


Sent from rotary phone...
An .ly domain? Not even on a bet...
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Old 03-25-2013, 07:23 PM
 
244 posts, read 332,349 times
Reputation: 204
Quote:
Originally Posted by lvoc View Post
81% of the Las Vegas market is cash or conventional. The remainder is insufficient to have any significant role in inflating a bubble. You need a better mechanism. This dog don't hunt.
The new housing bubble is designed around the creation of "investment funds" which are actually subsidiaries of the banks themselves. This is being done for the specific purpose of buying housing which these very same banks dumped on the taxpayer. Their plan is to rent them to the same people who were denied principal reductions. The funds then use the properties as collateral... and leverage themselves to the hilt.

You already know all this, don't you?
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Old 03-25-2013, 07:25 PM
 
Location: Here and there, you decide.
12,908 posts, read 27,991,974 times
Reputation: 5057
Quote:
Originally Posted by lvoc View Post
In order to do a pump and dump you have to own something to pump then dump...they don't. And they are not going to. You need a substantial piece to pull it off. They can get that substantial piece only by paying a high price for it.

So far low down mortgages are a very small piece and very tightly reviewed. Unlikely to change any time soon. And as Airics and others casn tell you mortgages resetting has been the best thing to happen to borrowers.
You bet. Gotta love the 3% interest rate
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Old 03-25-2013, 08:40 PM
 
3,598 posts, read 4,948,701 times
Reputation: 3169
Quote:
Originally Posted by las vegas drunk View Post
Fabian Calvo (look him up) clarifies everything in this video below that he made 3 days ago.
Looked him up. This is what I found:
Radio host and Florida House candidate Fabian Calvo is slumlord, critics say | Tampa Bay Times
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Old 03-25-2013, 08:58 PM
 
12,973 posts, read 15,800,908 times
Reputation: 5478
Quote:
Originally Posted by VegasVicsezhowdy View Post
The new housing bubble is designed around the creation of "investment funds" which are actually subsidiaries of the banks themselves. This is being done for the specific purpose of buying housing which these very same banks dumped on the taxpayer. Their plan is to rent them to the same people who were denied principal reductions. The funds then use the properties as collateral... and leverage themselves to the hilt.

You already know all this, don't you?
There are no such organizations in any significant position in Las Vegas. And to make one they will have to buy at market as no one owns any significant inventory to unload on an investment fund.

I don't particularly care if they leverage. They are paying cash for the properties which are not mortgaged.

None of this is any where large enough to impact the local market.
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Old 03-26-2013, 02:34 PM
 
12,973 posts, read 15,800,908 times
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Case Shiller out. all going up strongly.

Interesting new paper...

It Was a Housing Bubble, Stupid - TheStreet

The actual paper is referenced in the article.

The conclusion is that the securitization industry did not see the bubble coming. The housing purchases they made leads the researchers to the conclusion that they did not see it coming and got caught in it worse than other similar groups.

Further evidence that greed was the big hitter in the bubble and its collapse.
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Old 03-26-2013, 06:31 PM
 
244 posts, read 332,349 times
Reputation: 204
Quote:
Originally Posted by lvoc View Post
Case Shiller out. all going up strongly.

Interesting new paper...

It Was a Housing Bubble, Stupid - TheStreet

The actual paper is referenced in the article.

The conclusion is that the securitization industry did not see the bubble coming. The housing purchases they made leads the researchers to the conclusion that they did not see it coming and got caught in it worse than other similar groups.

Further evidence that greed was the big hitter in the bubble and its collapse.
I don't understand, first you say Case-Shiller data is total bunk, now all of a sudden it's not?
You say new construction is a horrible deal then when inventory dries up you start pushing it.
Are you Bi-Polar?
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