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All Eyes on the G-String Meeting


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#271 beardrech

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Posted 18 September 2006 - 02:07 AM

A Question which answer will divide the world in two:

Ansewer as honestly as you can--

If PTP gave you the choice of making a Million Dollars at the end of two years with absolute Metaphysical certainty and PROVIDED THAT--YOU WOULD NOT BE PERMITTED TO MAKE A SINGLE TRADE DURING THAT PERIOD.Nor enter a gambling enterprise for the duration of the bet....

Would you or would you not accept that condition precedent???.

beardrech†  :ph34r::ph34r: This in some way is my way of determining whether one is or isn't a 212 degree pure bred Masonic 24 carat Gold shtunk.

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The problem with your question is that you assume a million dollars is a lot. If you had 20 million, a year's interest would be 2 million.

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Damn it Moy--I knew my plan was up to no good--thanx for the correction-
Forget the question,I have no more boxes of fig-newtons; so there are no prizes anyway

beardrech :ph34r: :ph34r:

PPS For your edification --Malaysian PM called Soros a moron--and Soros riposted by calling PM a danger to his nation--see whats Happening? Slowly but surely, as one important world figure after another begins to recognise what's ahppening to th eworld economy, they each start doffing the veneer of civilization and begin behaving like reptiles--it's when the language of the streets becomes the language of the palace

These are tells in one vast poker game where every player has an ace up his sleeve and the nicest thing you can call a player is "A greasy four-flusher"----

#272 LeeWhee

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Posted 18 September 2006 - 02:37 AM

"When we went into foreclosure, it was like someone taking my dreams away," Garcia said. "There was no way I was going to lose my house. It's about pride."

A house isn't a dream, fool!. It's a place to sleep, and moreover, it is a liability.

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:blink: :blink: :blink:

...Williford managed to borrow more than 100 percent of the sale price

Williford's only steady source of income: permanent disability checks from a 1993 neck injury. His mortgage was co-signed by a girlfriend he had never lived with before, and their loan application counted $809 a month in tips from her casino job as household income.

When Williford and his girlfriend split up months after moving in, his mortgage payments exceeded his total income. In October he lost the home.

Today, Williford lives in a tiny portable trailer with a refrigerator, stove, bunkbed and a flat-screen TV he squeezed in after dismantling the door. :mellow:

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This guy is such a sad sack that it'd almost be funny if it wasn't so tragic.

The house he bought was RED-TAGGED by the city soon after he bought it. It wasn't even habitable and he still borrowed over 100% against it. From Wells Fargo of all places, not some Guido's Kwik Home Loans kind of place. Or maybe there's no difference any more.

"I bought a condemned house, which is all I could afford," Williford said. :o

Must be something in the water out there right now that somehow has folks convinced that buying a home---even a condemned home---is a smart financial decision no matter how little you have or how much it costs vis-a-vis renting.

And what in hell was Wells Fargo doing loaning this broke guy 100%+ on a soon-to-be-condemned property? Guess they figured they'll just toss it into the high-risk mortgage pool and ship it off to China on one of those empty container ships. So it's probably Hu Jintao's problem now.

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"I'm not a real estate bum. I wear diamonds and Rolexes. I'm a classy Realtorô."--- Liz "Flaming Orange" Seither, Clearwater, FL, who owes lenders millions of dollars in debts.

"Men do not desire to be rich, but to be richer than other men."---John Stuart Mill (1806-1873)

"When the music stops, things will be complicated. But as long as the music is playing, you've got to get up and dance. We're still dancing..."---Citigroup CEO Chucky "Master of Timing" Prince, 7/9/07

"Wall Street is a graveyard of geniuses."---Chriss Street, Treasurer, Orange County, CA, 7/27/07

"It was never my thinking that made big money for me. It was my sitting. Men who can be both right and sit tight are uncommon. I found it one of the hardest things to learn."---Jesse Livermore

"You can kill a sheep just once, but you can fleece him 100 times."---Jeff Macke

"Stocks are no longer the weather glass of fortune, but a part of the mask employed to disguise the nation's own face to itself." ---Horace Walpole, 1782

#273 Tzu

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Posted 18 September 2006 - 08:15 AM

You should see how many people whos houses are up for auction try to sell them themselves. Last week we had a couple actually using the auction date to try to sell their home with an open house.
I usually go over there and basically ignore them and pretend they are not there. Don't try this yourselves, some are outraged, most lie and make up stuff and others will try to make small threats. If you could guess, it doesn't phase me. I usually say they we buy them back for more than the banks so they are stupid to not want me there.
Anyways, many times the auctions get pulled at the last moment. This happened here and the guy used it as an open house and made fliers. He had a sell price of 130k. I said good luck, we would have bid 30k and most likely got close to winning.
Yes, I go that extreme and it works. Some people who bid on these as well just immediately put up for sell and may not even mow the lawn. EASY MONEY for the trained.
If the housing market crashes, don't waste your time here anymore, buy auction homes to rent out at huge discounts. You don't even need a license. Just ideas for people to look forward to, I sure would. Some are calling for all the gains of the last 7-10 years to be wiped out. If that happens, their is your homerun retirment income opportunity.
Basically I am saying that I could get a home for 20k and rent it for 800 per month after sopme small work. As I have said before, I know what I am doing and this ain't no easy walk in the park for the beginner regardless of how rich you are.





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