2.02 today. GEEZ, whats with that print...do yourself a
favor, just call a bank and ask them to fax you the REO's and see
for yourself at this rate 8 months from now, no REOS left.
MARK this post. May, 2009 there will be no REOs anylonger.
When you can see the bottom, you missed it already.
of course, this is just my observations..I missed the bottom in
SD by 8 months, home prices are climbing.
Posted by dodgerdog on 11th of Sep 2008 at 10:34 pm
delane - keep moving out those homes in California and when
you're done come to Arizona - we have a ton on the outskirts with
no end in sight. Phoenix not as bad in most areas.
Nice option play on WM - just make sure to sell it before the
shorts take it down again.
I love phoenix! I think SD peaked in november 2005 (so the
banks say) SD were the earlier ones to peak so of course they
get out first, When did arizona peak? 2006/2nd quarter?
real estate cycles are alot like stocks, count the waves baby.
Orange county is about a quarter or two behind peaking than san
diego, fwiw.
rp I bought 10,000
Posted by delane on 10th of Sep 2008 at 02:24 pm
"calls" for WM at 2.45 today..what the heck...Ive lost more on calls than 2 dollars
good trade Delane
Posted by pepperwu on 11th of Sep 2008 at 07:13 pm
good trade Delane
added 5000 at the gimme
Posted by delane on 11th of Sep 2008 at 07:50 pm
2.02 today. GEEZ, whats with that print...do yourself a favor, just call a bank and ask them to fax you the REO's and see for yourself at this rate 8 months from now, no REOS left. MARK this post. May, 2009 there will be no REOs anylonger. When you can see the bottom, you missed it already.
of course, this is just my observations..I missed the bottom in SD by 8 months, home prices are climbing.
delane - keep moving out
Posted by dodgerdog on 11th of Sep 2008 at 10:34 pm
delane - keep moving out those homes in California and when you're done come to Arizona - we have a ton on the outskirts with no end in sight. Phoenix not as bad in most areas.
Nice option play on WM - just make sure to sell it before the shorts take it down again.
I love phoenix! I think
Posted by delane on 12th of Sep 2008 at 12:54 am
I love phoenix! I think SD peaked in november 2005 (so the banks say) SD were the earlier ones to peak so of course they get out first, When did arizona peak? 2006/2nd quarter? real estate cycles are alot like stocks, count the waves baby.
Orange county is about a quarter or two behind peaking than san diego, fwiw.
wm - underlying 3.03 after
Posted by pepperwu on 11th of Sep 2008 at 08:48 pm
wm - underlying 3.03 after hours