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<p>Major ouch as rumors are hitting that BZH may be approaching bankruptcy. Damn these are interesting times!</p> <p><img alt="" src="http://ichart.finance.yahoo.com/b?s=BZH" /></p>

<p>IR - I respect your opinion, and I could see the Fed trying their best to keep rates steady or lower rates. But I don't see them raising rates. Reason is inflation still remains within their "comfort zone" albeit at the upper end. Couple that with the problems in the credit market, and how...

<p>I have little faith in the Fed. They went overboard on both fronts - raising rates (and too late) in the late 90's and lowering rates a few years ago. I mean, seriously, Y2K scare? What does that have to do with inflation, the dollar, or the economy?</p> <p>I'm of the opinion that they...

<p>Mino - They are. This is a 7,400 employee company.</p> <p>We'll see in a week when the Fed meets again on Aug 7 what their view is on housing.</p>

<p>mino - I think so. Just one measly man's opinion.</p> <p>On a lighter note!...AHM is trading at the price of a McD's double cheeseburger! The chart doesn't show today's quote of $1.18, down 88%.</p> <p>MELVILLE, N.Y. (AP) -- American Home Mortgage Investment Corp. said Tuesday it is...

<p>I've been around the financial markets for almost 20 years, and what I've learned is that the economy takes front and center stage for the fed. They may say this or that about the dollar or inflation/deflation, but that is only if they have the luxury to do so when the economy is humming...

<p>>>>I have a hard time imagining the rate cut scenario is going to come to pass. The dollar has been dropping against every major currency in the world. Recently it even started dropping against the yen. As our currency devalues, the cost of imported goods will rise which will be very...

<p>>>>Jim Cramer is a lunatic whose supposed stock picking prowess has been repeatedly disproven. In fact, it has been proven that doing the opposite of what he says to do would result in higher returns. So if he says housing is going bust, I'd take that as a sign that it's on the mend...

<p>The wave, previously thought isolated to sub-prime low end housing, has now hit higher priced homes and higher end borrowers. More will be offended. When they actually blame these blogs for <strong><em>directly</em></strong> causing / exasperating the housing decline, then we will know we...

<p>I have absolutely no doubt on my mind that the Fed will step in within a year to lower short term rates again. The carnage in the housing market is one thing, as some people will say it is "isolated." But when it creeps into every sector of the economy, and the conference calls of all kinds...

I guess we can expect housing to bottom when all this mess hits the Time magazine cover, just as it did conversely in 2005 with its timely and prescient "Home $weet Home" cover.

<p>Some absolutely astounding comments in their 3 hour earnings conference call:</p> <p><em>- "no one saw the deterioration of real estate values coming."</em></p> <p><em>- "Company is seeing home price depreciation at levels not seen since the Great Depression"</em></p> <p>- Previously...

<p>awgee - I can't agree with what you are saying. While it may be valid in theory, it breaks down in reality, and even more so in specific cases. The reason is because you are assuming that every buyer looking for a home has the same tax strategies. I don't believe this to be true. Or am I...

<p>awgee - "There is no tax advantage to renting or buying. Yea, I know that seems outrageous. And it will make more than a few folks very angry. But just think about it for a few days, and you will see that it is fact, not theory. When you buy a home, you pay for the tax savings because you are...

Eva - Was the OC Tax Assessor's office and the Recorder's office the only source for the great info you found on that house?

Does this suicide clause have to be carried out to subsequent transactions? ie. for the life of the house whenever it is sold?

OCR - Wow, that is interesting. That definitely is peace of mind, if only for 6 months. However, has Laing been aggressively lowering their prices at all?

<p>Bubblegum - I agree. It will get very interesting and hairy at the end of this year again as in 2006. However, at the time, when builders did price reductions at the end of 2006, for many of them they were initial price reductions. They hadn't done them before. Now at the end of 2007, if...

<p>>>>Many people who receive a large chunk of money (inheritance, lottery, RE sale) become very stupid with their money. I recall reading a news article that said some 70% of all lotto jackpot winners blew their winnings within few years, many end up divorced and in poverty. Even if you're in...

<p>Eva - Interestingly enough, I heard a similar story of KHov. My relative purchased a townhome, and their gave her money back at the time of close. I don't believe she really mentioned it to them. I don't think it was a matter of being generous, rather it was probably "hush" money.</p>...