Using Veritas to Construct the "Per…

29-04-2017 Hits:87218 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:81135 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:80977 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:85450 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:81949 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:84136 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:55199 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:83393 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:83134 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:83025 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:89286 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:86998 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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These are highlights from an email I received recently from a RE professional in California. I thought the readership would find it interesting:

 

It seems like some banks are too swamped to even start the foreclosure process, according to this article in our local (North Carolina) paper:

 

Housing: Banks waiting longer to foreclose

http://www.nctimes.com/articles/2008/08/30/business/zad421415c27f7dbb882574b3007c50a5.txt

 

 I've been negotiating about 20 REO sales over the past week.  I noticed a couple of things.

 

1.    There is still a good amount of demand, or as I like to call it "ability" to buy. I have had several of properties that had multiple good offers submitted on them.  At least that helps us slow down the free fall.

2.    Rents ratios are getting close to making sense.  Still not right yet but close.  Many of the condos in the toughest markets are being pushed down to basically the cost-per-door that they would have been if they were still part of a make-sense apartment building.

3.    My daughter is attempting to buy in the San Fernando Valley area of Los Angeles and has had just brutal competition in the under $400,000 range.  One house she looked at for $380,000 had been previously encumbered for over $600,000.

4.    I spoke to 2 reporters this week and they were both sniffing out an angle on more of the higher end markets and homeowners that were now facing foreclosure or walking away from their houses.  My REO research department that does Broker Price Opinions (BPO’s) confirmed that they are doing a lot more in the affluent area of San Diego County, places like La Jolla, Carmel Valley and Encinitas.  One reporter was from a local source - Voice of San Diego, but the other was from Bloomberg!.

5.    Fannie Mae is really pushing a financing program with PHH called Express Path Mortgage (aka Insta Close).  On qualifying properties buyers can buy with 100% financing, no Mortgage Insurance.  Just over 700 FICO's and combined debt-to-income of no more than 40% at competitive rates.  Believe it or not, they will even let investors buy with 100% financing (on selected properties).  My take on it is that they would rather churn a non-performing asset into a performing asset. 100% investor loans are not available in CA, FL, NV or AZ

 

 

I found this article interesting about your local market, I don't think they interviewed  you before writing it.

 

New York Housing Shines for now

http://money.cnn.com/2008/08/28/news/big.apple.fortune/index.htm?