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  1. M

    Where will the 30 year mortgage rates be in December 31st, 2009

    Foreigners, holding our treasuries, know full well what is going on. They are all playing chicken. Hang on until the last minute, jump out of harms way to less risk. They are trying to figure out how to fit 1,000 people out a door all at once. Once a few people start pushing, everyone gets...
  2. M

    Future prospect from a real estate guru :)

    Sure. Buy for cash flow and hold. You can buy outright and get a 6% return. If rents drop 10% further - return drops to 5.5%. I don't see rents falling much further than 10% but it is entirely possible. The gov is working real hard to shrink the amount they owe (not actually pay down debt...
  3. M

    Future prospect from a real estate guru :)

    I just received an email from Altera and the intro line states, "It's more about who you know than what you know." That's about right.
  4. M

    Seeking Advice - Point Center Financial Investment

    What is the quickest way to post a new letter from Point Center? Is a pdf attachment a good idea? There is an LA times article 5/4/09 business section on Point Center and the new letter from Harkey is the rebuttal.
  5. M

    Future prospect from a real estate guru :)

    Trade surplus is good in normal situations. I was referencing post WWI germany - since their money was losing value, everyone with German money started buying stuff instead of holding money. Exports rise and it looks like a good thing right? I believe this is called repatriation (money...
  6. M

    Future prospect from a real estate guru :)

    Not buying a primary, but throw the investment idea around daily. Fourplex prices are getting there, but vacancy ratios worry me. Further short term decline in RE will be dwarfed by long term decline in the dollar. Try holding a $1M Deutsche mark in your hands - it might be a better idea to...
  7. M

    Future prospect from a real estate guru :)

    Orange County Housing Report: Demand Suddenly Surges April 2, 2009 Steven Thomas, President Quantitative Economics and Decision Sciences, B.A. Altera Real Estate Coinciding with a drop in interest rates and a Wall Street rebound, demand for Orange County housing increased by...
  8. M

    Future prospect from a real estate guru :)

    Steve, what happens to affordability/home prices when interest rates double? Real estate investors face a conundrum currently - let's say I have $1M in cash as a hypothetical. Fed has agreed to purchase treasuries, RE prices are declining, some places have reached rental parity, rents...
  9. M

    Prop 8 proponents file suit to nullify 18,000 gay marriages

    Equal rights! Give them what they want. Many are good productive citizens and should not be discriminated against. Back of the bus mentality still exists apparently.
  10. M

    Seeking Advice - Point Center Financial Investment

    Disclaimer - this was retyped by me and is not an exact representation and may include spelling errors and abbreviations but the meat of the article and all fancy adjectives have been included. Reader may experience warm & fuzzy sensation during and after reading. For continued sensation...
  11. M

    Seeking Advice - Point Center Financial Investment

    So the PO'd investors would like new management but probably need a majority. What is next step? Wait it out and follow the court showdown?
  12. M

    Seeking Advice - Point Center Financial Investment

    February 19, 2009 Re: Recent media coverage Dear investors: Lloyd Charton is a disgruntled investor who happens to be my neighbor. Those of you invested in National Financial Lending, LLC will recognize his name, as he has been harassing you for over a year trying to convince you...
  13. M

    Seeking Advice - Point Center Financial Investment

    Boy all this stress must not be too good for ol' Dan-o and the fam - those neighborhood martini parties just aren't the same anymore. Hope the bentley was worth it. So let me get this right, the business model goes "make as many loans as possible until the $#$@ hits the fan, make a few more...
  14. M

    Seeking Advice - Point Center Financial Investment

    We have no issues with the money as each person has invested separately and by no means bet the farm. I have no money invested and really just want to see family members not lose. We openly discuss money and investments - they all feel I am too bearish. I have maintained a firm stance with...
  15. M

    Essex Property Trust Q4 2008 Earnings Call Transcript

    Lots o fancy words and numbers in there. What's your point?
  16. M

    Seeking Advice - Point Center Financial Investment

    Long time lurker seeks advice and truth. I have family members with money invested with Point Center Financial. I am younger and they don't think I get it, however I think they drink koolaid. Point Center basically pools investor money and loans it out (first trust deeds) short term 2 yrs or...
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