December 28, 2008 – 10:01 am
In today’s New York Times via Obsidian Wings. It’s hard to know what to excerpt here. The whole article is so shocking, you should really read the whole thing. However, this part was too good to not quote. Yet even by WaMu’s relaxed standards, one mortgage four years ago raised eyebrows. The borrower was claiming [...]
December 24, 2008 – 2:23 pm
Tom McGiveron has a new post up on foreclosure statistics in Nassau and Suffolk from RealtyTrac. RealtyTrac doesn’t have the best reputation for accuracy, but even still there’s bad new all around Suffolk county. The big shock, 34 homes in foreclosure right here in Babylon. That may not seem like a lot. Looking at the [...]
December 21, 2008 – 2:02 am
More excellent advice from James Bednar over at New Jersey Real Estate Report: For those set on buying? The same four or five things, every time. Just like you will not pay yesterday’s price today, a seller will not sell for tomorrows price today. If you want a deal, you’ll find it accompanying distress. You’ll [...]
December 20, 2008 – 11:36 pm
I’m a big fan of Michael Lewis. I loved both Moneyball and The Blind Side, two great books about the economics and strategic evolution of sports. I just finished his first book, Liar’s Poker: Rising Through the Wreckage on Wall Street. Lewis spent a few years in the mid-eighties working for Soloman Brothers as a [...]
December 18, 2008 – 11:56 am
The owner of 18 Annuskemunnica Rd decides to use their MLS listing as a Flickr account. I’ve seen MLS pictures that have dogs (or kids!) in the shot, but this is the first one I’ve seen that’s just the dogs, unless it’s supposed to be a tight closeup of the tile floor. Personally, I’d like [...]
December 17, 2008 – 4:21 pm
This month we have a grand total of three homes that switched hands in Babylon Village. The Autumn chill and the cooling economy have slowed the motion of the real estate market to a crawl. I didn’t visit any of the properties on the list this month. I’ve been too busy for open houses and [...]
December 8, 2008 – 5:13 pm
This one slipped past me and wasn’t included in the October sold property report. So here it is, presented for your enjoyment and for my bizarre sense of completeness. This isn’t a place that I’d particularly be interested in, but it’s important to include it for reasons that you’ll see below. Just FYI, the sold [...]