This is a heathy housing market, NOT!


This from Standard & Poor’s Case-Shiller Home Price Indices, the leading measure of U.S. home prices.

Once again, the indices have set new records, with annual declines of 17.7% and 16.6%, respectively. However, the acceleration in decline was only moderate in August. The July data reported annual declines of 17.5% and 16.3%, respectively.

Taken from MISH’S
Global Economic
Trend Analysis

Categories: Decks
By what | 10/29/2008 9:20 AM | Comment

Bruce Ratner explored Nets sale!


This is the monster story of the day!

http://tinyurl.com/6xow8n

New Jersey Nets principal owner Bruce Ratner met with a group of investors within the past year about possibly selling control of the basketball operations, the Daily News has learned.
One of the investors, who did not want to be identified, said that Ratner met with investors because the Nets were “hemorrhaging dollars.” The deal would not have included the Atlantic Yards project, a $3.5 billion sports arena, residential and business complex in downtown Brooklyn.

I hate when I’m right and you do too..

Categories: Demolition
By what | 10/28/2008 9:53 AM | Comment

Are you still in denial about the implosion of the Mutant Asset Bubble?


The world stock markets are crashing and we are on borrowed time.

RIP Mutant Asset Bubble..

Categories: Exterminator
By what | 10/27/2008 9:31 AM | Comment

Oh no.. World markets collapse..


This has been the worst week for world in years and today the DOW is going to get creamed! Do believe now that Real Estate prices will hold up? I just want to thanks for nothing.

RIP Mutant Asset Bubble…

http://www.bloomberg.com/

Categories: Fire
By what | 10/24/2008 8:14 AM | Comment

The prefect financial storm has hit land..


For years people took great risk to become part of the Mutant Asset Bubble and now everything is falling apart. We are on the eve of the biggest financial collapse in American history.

By what | 10/23/2008 7:59 AM | Comment

Why I can’t post…


This is the reason why you don’t see me on the forums..

Categories: Appraisals
By what | 10/20/2008 11:17 AM | Comment

Your future…..


You know something this is the real crash. Have fun..

Categories: Configuration
By what | 10/16/2008 1:34 PM | Comment

The real end of the world party…


I hope the good folks of Brownstoner have a great time..

Categories: Architectural Salvage
By what | 10/15/2008 11:52 AM | Comment

Did someone say “Newark Nets”?


Economy, uncertain financing delay plans for Brooklyn arena

http://sports.espn.go.com/nba/news/story?id=3643309

“Ratner is heavily dependent on a pending federal decision that could determine whether tax-exempt bonds can be used to finance the $950 million arena. But even if the bonds become available, the seized-up credit market could make it impossible to attract investors to the arena, financial experts say.”

Categories: Demolition
By what | 10/14/2008 4:08 PM | Comment

The last hurrah..


Fed Releases Flood of Dollars, Market Rates Fall

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4gDtT5Ja69A&refer=home

Oct. 13 (Bloomberg) — The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates.

and..

Brown Uses Control of British Banks to Boost Lending (Update2)

http://www.bloomberg.com/apps/news?pid=20601102&sid=a1s9Eh7IXstI&refer=uk

Oct. 13 (Bloomberg) — Prime Minister Gordon Brown will use his government’s control over two of the U.K.’s largest banks to cut the price of loans to small businesses and homeowners and curb the pay of directors.

One big mash up! Save the Mutant Asset Bubble..

Picture from Mish..

Categories: Appraisals
By what | 10/13/2008 9:44 AM | Comment