Comments on: Economic Punch Drunk Love: 3 Fascinating Financial Stories Captivating the Market: CEO Being Punched, Bank of America Past Comes Back, and the Politics of the Bailout Plan. http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 18 Mar 2010 21:29:45 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: SEAN http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/comment-page-1/#comment-25671 SEAN Fri, 10 Oct 2008 00:16:12 +0000 http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/#comment-25671 Rose, You rock! Rose,

You rock!

]]> By: Peter the Rock http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/comment-page-1/#comment-25661 Peter the Rock Thu, 09 Oct 2008 19:01:34 +0000 http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/#comment-25661 Rose Many thanks for the link...wonderful article, wonderful site, quite unique in my experience and most relevant for me. Will enjoy many hours exploring and learning. Go well good spirit. Rose
Many thanks for the link…wonderful article, wonderful site, quite unique in my experience and most relevant for me. Will enjoy many hours exploring and learning.
Go well good spirit.

]]> By: REPO4SALE http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/comment-page-1/#comment-25653 REPO4SALE Thu, 09 Oct 2008 14:21:58 +0000 http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/#comment-25653 FACT: 8-12 YEARS EACH UP OR DOWN CYCLE IN CALIFORNIA! FACT: SAME REGARDLESS OF GOVT. INTERVENTION SINCE 1950s. FACT: BOTTOMS ARE ALWAYS 50% OR LESS OF HOME COST ($100/FT) FACT: WE WILL BEAT $50/FT FOR HOMES UNDER 10YRS. 2008-2009 RESEARCH: 20+ Auctions attended in 2008, I bid up to $40/ft and homes under 10 years old have sold for under $50 a foot in Southern California. ESTIMATED BOTTOM: 2012-2014 OR 3.5 TO 5.5 YEARS TO ROCK BOTTOM! ESTIMATED LOWEST: $25-35 per Sq. Foot homes less than 10 years new! Batting Average=Been a repo investor since 1975 (high school). This decade=198 deals sold averaged 11.65 to 1 profit in California Real Estate! Watch & enjoy, avoid Realtors, and go to auctions to "laugh & learn". $25-35 a foot is your real purchase price if you sit and enjoy! Good luck, Southern Californians! Yours truly, John=66 countries visited & researched/law/economics & 5 passports filled FACT: 8-12 YEARS EACH UP OR DOWN CYCLE IN CALIFORNIA!
FACT: SAME REGARDLESS OF GOVT. INTERVENTION SINCE 1950s.
FACT: BOTTOMS ARE ALWAYS 50% OR LESS OF HOME COST ($100/FT)
FACT: WE WILL BEAT $50/FT FOR HOMES UNDER 10YRS. 2008-2009
RESEARCH: 20+ Auctions attended in 2008, I bid up to $40/ft and homes under 10 years old have sold for under $50 a foot in Southern California.
ESTIMATED BOTTOM: 2012-2014 OR 3.5 TO 5.5 YEARS TO ROCK BOTTOM!
ESTIMATED LOWEST: $25-35 per Sq. Foot homes less than 10 years new!
Batting Average=Been a repo investor since 1975 (high school).
This decade=198 deals sold averaged 11.65 to 1 profit in California Real Estate!
Watch & enjoy, avoid Realtors, and go to auctions to “laugh & learn”.
$25-35 a foot is your real purchase price if you sit and enjoy!
Good luck, Southern Californians! Yours truly,
John=66 countries visited & researched/law/economics & 5 passports filled

]]> By: compass rose http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/comment-page-1/#comment-25648 compass rose Thu, 09 Oct 2008 08:25:36 +0000 http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/#comment-25648 Nostradamus, Doc? Or Red Barber? ~ Backboarding this case study of Reverse Robin Hood and the thievery of the rich: ~ A number of comments have opined in other threads that CRA/Bill Clinton and Fannie/Freddie and poor/minority buyers bear the responsibility for the subprime meltdown. I've responded to that in those threads, and wanted to share this piece in Slate today: ~ http://www.slate.com/id/2201641/pagenum/all ~ It well makes the point that this fiasco needs to be laid at the door of the super-rich or wanna-be-rich speculators and the "culture of debt." ~ More detail may be found in the Big Picture essay by Barry Ritholtz to which Daniel Gross refers in the Slate piece. http://bigpicture.typepad.com/comments/2008/10/misunderstandin.html ~ Peter, I've often thought about the connection that you make above, in my dealings with sociopathic, narcissistic, and bullying individuals or power cliques. I.e., that qualifications for wealth and leadership in a force-based, winner-take-most system include, hone, and richly reward the sociopathic personality. ~ I think it was Sean who noted within the past week that Jim Cramer's behavior would qualify as sociopathic, rather than oracular, if observed on Main Street rather than TV. That's an accurate key to this whole mess. If this were a different sort of forum, I'd love to discuss this, the most compelling and concerning topic of my own experience of working intensively with people. ~ Instead, let The Onion oraculate for us: ~ Tenth Circle Added to Rapidly Growing Hell http://www.theonion.com/content/node/28898 ~ rose Nostradamus, Doc? Or Red Barber?
~
Backboarding this case study of Reverse Robin Hood and the thievery of the rich:
~
A number of comments have opined in other threads that CRA/Bill Clinton and Fannie/Freddie and poor/minority buyers bear the responsibility for the subprime meltdown. I’ve responded to that in those threads, and wanted to share this piece in Slate today:
~
http://www.slate.com/id/2201641/pagenum/all
~
It well makes the point that this fiasco needs to be laid at the door of the super-rich or wanna-be-rich speculators and the “culture of debt.”
~
More detail may be found in the Big Picture essay by Barry Ritholtz to which Daniel Gross refers in the Slate piece.
http://bigpicture.typepad.com/comments/2008/10/misunderstandin.html
~
Peter, I’ve often thought about the connection that you make above, in my dealings with sociopathic, narcissistic, and bullying individuals or power cliques. I.e., that qualifications for wealth and leadership in a force-based, winner-take-most system include, hone, and richly reward the sociopathic personality.
~
I think it was Sean who noted within the past week that Jim Cramer’s behavior would qualify as sociopathic, rather than oracular, if observed on Main Street rather than TV. That’s an accurate key to this whole mess. If this were a different sort of forum, I’d love to discuss this, the most compelling and concerning topic of my own experience of working intensively with people.
~
Instead, let The Onion oraculate for us:
~
Tenth Circle Added to Rapidly Growing Hell
http://www.theonion.com/content/node/28898
~
rose

]]> By: Paisano1 http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/comment-page-1/#comment-25643 Paisano1 Thu, 09 Oct 2008 05:48:46 +0000 http://www.doctorhousingbubble.com/economic-punch-drunk-love-3-fascinating-financial-stories-captivating-the-market-ceo-being-punched-bank-of-america-past-comes-back-and-the-politics-of-the-bailout-plan/#comment-25643 PIMCO poised to become the Federal Reserve’s PIMP-CO So it looks like the $1.7BB paid to shut up Bill Gross also bought his “free” services - Oh, aren’t we lucky! The incestuous relationships between business and Government have escalated to orgy-like proportions! http://tinyurl.com/4a9h7m PIMCO poised to become the Federal Reserve’s PIMP-CO

So it looks like the $1.7BB paid to shut up Bill Gross also bought his “free” services – Oh, aren’t we lucky! The incestuous relationships between business and Government have escalated to orgy-like proportions!

http://tinyurl.com/4a9h7m

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