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Ream Estate Discussion <------here


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In the Reamestate world (NJ & CO specifically)

 

Massive amount of pent-up inventory out there

 

While I realize that this is not really new newz, it's different when you see it first hand as opposed to reading a bunch of make-believe nonsense quoting flawed aggregate statistics

 

I track a handful of locales via Zillow, and get an email notification when new listings hit....in the past two weeks this "indicator" has been going bonkers

 

Seems as soon as some douche finally unloads their house -- more often than not at a price well below 2006 highs, it precipatates a wave of GMTFON listings....albeit, well above the aforementioned "douche price"

 

The funniest ones are where the sell puts the list price right at the price they paid in 2004, 2005 or 2006

 

BWHHAHAHAHAH

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everywon dint git the memo?

 

ream estate has bottomed

 

the Stimulus worked wonderfully

 

the Recovery is underway with hope and joy for all

 

good, secure, easy, productive high-paying gov't jobs with pensions and full bennies are plentiful and easy to cum by

 

their not makin anymore RE

 

so HURRY git in now before yer priced outta the markit

 

it's a great time to buy

 

smartest investment you can ever make

 

buy a bunch and make a fortune milkin dumb renters

 

easy money

 

roll all yer profits into AAPL

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Dear fellow Public Sector worker,

 

I am writing to inform you that your pension entitlements were used to assist this great nation in supporting Freddy Mac and Fannie Mae -- two steadfast model American corporations, the fortunes of which are linked to the booming residential property market.

 

As such, upon reamtirement, your benefit will now be paid out in the form of common stock of above mentioned government-related investment grade corporations. Rest aSSured that your entry price reflects the fair value of the corporations, as per 1st January 2008. Any prices observed below this level are temporary anomalies, caused by anti-capitalist short sellers.

 

You too are now a participant in the great wealth creating miracle of Wall Street.

 

I trust you are thankful to have been part of the great bail out, which saved this world class economy from the brink of wide spread defaults, and high unemployment, as caused by "the them". Your funds are supporting the recovery, and are directly contributing to the the value of renovated stucco crap boxes throughout the nation.

 

Yours faithfully,

Uncle Sugar.

Supreme Leader.

Central Planning Committee.

 

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As for Ream estate in Screw Jersey. My bro and I

have been looking to sell this oppressive condom

in Morristown (Moore Estate) for a house on a few

acres in Long Valley.

 

Our $735k bid on a 25 acre farm assessed house (with

a contingency to sell this condom) was rejected six

months ago.

 

The farm has been lowered to $700k and is now abandoned.

The farmer was a fool, because these condoms are

selling easily within several weeks for a good $500k.

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As for Ream estate in Screw Jersey. My bro and I

have been looking to sell this oppressive condom

in Morristown (Moore Estate) for a house on a few

acres in Long Valley.

 

Our $735k bid on a 25 acre farm assessed house (with

a contingency to sell this condom) was rejected six

months ago.

 

The farm has been lowered to $700k and is now abandoned.

The farmer was a fool, because these condoms are

selling easily within several weeks for a good $500k.

 

 

Long Valley

 

 

Is beautiful

 

My sister lives near there (Califon)

 

Morristown (and the immediate area) Madison, Chatham, Florham Park, etc....all along the NJ Transit line going into NYC are doing just fine during this real estate debacle

 

Regular 1950's junker homes are off 10-20% from their 2006 peak (e.g. $550,000 peak, now available for $450,000-520,000 ish)....and brand new homes built on tear-down lots in the $990,000 - $1,100,000 price level are flying off the shelf

 

Anything above $1,250,000 takes quite awhile to move

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Califon is the marrow of New Jersey. Lovely area,

and relatively free of high tension power lines.

You can also get more than a mile from a cell tower

(at least for now).

 

The only problem is the commute to Florham Park

where my bro works. We're talking a good hour drive.

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11 Olympic Village condo buyers want out

CBC News

 

"Several pre-sale buyers of condominiums at the city-financed Olympic Athletes' Village site on Vancouver's False Creek don't like their new homes and want to back out of their deals, CBC News has learned."

 

Wait . . .

 

 

 

 

 

 

 

Wait for it . . .

 

 

 

 

 

 

 

 

 

Bwwahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!

 

 

 

 

 

 

 

Wah, wah, we overpaid for a soon to be leaky condo and want out! The same crap that happened in Florida. Oh it's so different here in Canada . . .

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Ex-Pro Bowl QB Brunell to file for bankruptcy

Tribune News Services

 

"Three-time Pro Bowl quarterback Mark Brunell, who was paid nearly $52 million during his past 10 years in the NFL, plans to file for Chapter 11 bankruptcy protection Friday.

 

Brunell, who played for the Jacksonville Jaguars from 1995 to 2003 and won a Super Bowl last season as a backup quarterback with the New Orleans Saints, faces multiple lawsuits over failed real estate and business loans from a partnership called Champion LLC that included former Jaguars Joel Smeenge and Todd Fordham."

 

Man kind of shocking to see this. The people of Jacksonville love Mark Brunell. These sports figures just seem to be magnets when it comes to real estate transactions gone BAD. Or any other finance deals.

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Ex-Pro Bowl QB Brunell to file for bankruptcy

Tribune News Services

 

"Three-time Pro Bowl quarterback Mark Brunell, who was paid nearly $52 million during his past 10 years in the NFL, plans to file for Chapter 11 bankruptcy protection Friday.

 

Brunell, who played for the Jacksonville Jaguars from 1995 to 2003 and won a Super Bowl last season as a backup quarterback with the New Orleans Saints, faces multiple lawsuits over failed real estate and business loans from a partnership called Champion LLC that included former Jaguars Joel Smeenge and Todd Fordham."

 

Man kind of shocking to see this. The people of Jacksonville love Mark Brunell. These sports figures just seem to be magnets when it comes to real estate transactions gone BAD. Or any other finance deals.

 

 

They end up being the pitchman for a bunch of fraudsters. The upfront fees are so much there is nothing left for the investor, kinda of like the housing buble except for the celebtity shill, who was convinced to put his own money up. :lol:

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They end up being the pitchman for a bunch of fraudsters. The upfront fees are so much there is nothing left for the investor, kinda of like the housing buble except for the celebtity shill, who was convinced to put his own money up. :lol:

 

Yep. :lol:

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Ex-Pro Bowl QB Brunell to file for bankruptcy

Tribune News Services

 

"Three-time Pro Bowl quarterback Mark Brunell, who was paid nearly $52 million during his past 10 years in the NFL, plans to file for Chapter 11 bankruptcy protection Friday.

 

Brunell, who played for the Jacksonville Jaguars from 1995 to 2003 and won a Super Bowl last season as a backup quarterback with the New Orleans Saints, faces multiple lawsuits over failed real estate and business loans from a partnership called Champion LLC that included former Jaguars Joel Smeenge and Todd Fordham."

 

Man kind of shocking to see this. The people of Jacksonville love Mark Brunell. These sports figures just seem to be magnets when it comes to real estate transactions gone BAD. Or any other finance deals.

 

Pro Athletes have very high expenses. After taxes they have to pay their agents, their entourage, their properties, cars, prostitutes/girlfriend hush money, homes for family members, etc. There isn't alot left after that!

 

:lol:

 

Still, to piss away $52 million takes special talent.

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