Using Veritas to Construct the "Per…

29-04-2017 Hits:84654 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:79117 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:78962 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:83452 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:80015 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:82324 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:53298 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:81330 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:81328 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:81142 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:86991 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:85008 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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Here is a submission from one of the boombustbloggers in the California real estate biz.

A little something from the front lines (San Diego Real Estate).  We just got word from one of our few reputable loan agents that ALL PMI companies are dropping coverage of any loan with less than 10% down.  We did a quick review of deals in escrow and the count was that 4 out of 50 escrows were conventional and less than 10% down along with 6 that are going 3% FHA.

This just knocked an important part of the market out of the game or at least into the arms of GinnieMae.  Here is an unintended consequence.  Lets say that if someone wants to get an FHA loan on an entry-level condo (we have boatloads of them) if the condo project doesn't meet FHA requirements than... no loan.  The only buyer is 10% down or more (if the lender will go for it).  Unfortunately, the most likely buyer for most of these houses is still an owner occupant but with this catch-22, there is more fuel for the price-drop fire. 

 

Here's another new term that we are using... Broken Condo.  Which means a condo-conversion project that was partially sold out before the crash and the developer still owns a considerable amount of them.  B-T-W FHA will not make a loan if one owner owns more that 10%!  So the project is Broken.  The developer can't sell, the bank can't get repaid on their development loan and the poor schmos who bought have to ultimately face a loss of value along with a loss of homeowner's association fees.

 

Short Sale Case in Point

 

Condo (beach neighborhood, very upscale area), Purchased in 2004 for $434,000 financed with a 80% 1st (CFC) fo $347,200 and 20% 2nd (WFC) for $86,800.  Closed escrow 2 weeks ago for $375,000 which require CFC to throw WFC a $3,000 bone to go away.  Near the end, WFC declined (after accepting the deal) and demanding $18,000.  After some haggling and commission cuts we got them to take $10,000.  So they got about 10 cents on the dollar when you factor in lost interest etc.  They damn near blew that chance also, if CFC had foreclosed they would have netted zippity-do-dah.   Anyway, I thought you might like to see an up-close and personal version of the very MICRO economics.