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  1. M

    Here We Go. Shutting down lines of credit.

    None of my cards have had reduced limits or cancellation. However, that may have a lot to do with how I use them. The people who make these decisions at many lenders seem to alternately be doing serious computer modeling, and randomly making wild guesses about who might not pay on time...
  2. M

    TIC LURKERS?

    A recent employer of mine was perfectly ok with employees posting on blogs related to their specialty or knowledge on their own time. They even had a section on it in our employee training. As long as you weren't mentioning the firm's name, anything confidential or proprietary, they outright...
  3. M

    The CA cities October #s are here

    Good to know that you can once again buy a piece of crap place in the middle of nowhere for under $100k.
  4. M

    Palm Springs and surrounding desert towns

    And this lovely 1989 rollbackhttp://www.redfin.com/CA/Palm-Springs/60232-Palm-Oasis-Ave-Unknown/home/6042473 OK, maybe it hasn't had anything done to it since 1989, but still...it's been listed for 18 months. Oct 29, 2008 Price Changed $89,500 -- DAMLS #21294220 Sep 24, 2008...
  5. M

    Palm Springs and surrounding desert towns

    Here is a fabulous illustration of speculation gone mad. The price peaked at 12.5 times the 2001 price. It's now dropped 86% off peak, and is a 2002 rollback. http://www.redfin.com/CA/Palm-Springs/398-W-Palm-Vista-Dr-92262/home/6044258 Nov 21, 2008 Price Changed $65,000 -- DAMLS...
  6. M

    Which bank will be the next to be taken over???

    Key Bank. Morgan Stanley. Then BofA.
  7. M

    The End of Wall Street's Boom

    While Citi's stupidity for assuming that there was no risk of real estate prices dropping is widely reported, the scope of the damage to include responsible lenders was surprising to many. How could a responsible lender who made fixed rate loans to people with good credit ratings and 20% down...
  8. M

    What happened to housing tracker?

    www.housingtracker.net used to be updated once a week with listing prices. It's been a while.
  9. M

    Officially a 'depression'

    The social security deficit isn't as bad as the alarmists say, especially now that many people will be working longer.
  10. M

    Who buys American Cars? $25 Billion idea

    It is amazing how long union concessions can remain a problem. Much of GM's trouble with healthcare cost is from labor agreements made 15+ years ago. Their problems are aggravated by two things: 1. Healthcare costs which continued to rise faster than the rate of inflation, company profits...
  11. M

    Help me through with this logic....

    If you can rent out the house you currently own, and rent another you like closer to work for less, you have your solution. You won't have to take the loss now, and your cost won't go up. As a rental house, you will be able to take some tax deductions which you couldn't as a homeowner...
  12. M

    IrvineRenter interview with Johnny Wendell KTLK 1150 AM - Sat 11/15 5:30pm

    Note to IR. Fame doesn't always stop at 15 minutes.
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