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by Alex Dvorkin To see full report and charts please go to www.investwithalex.com/reports/
If you ever want to ascertain the primary psyche of the American culture, just watch 1 hour of TV, paying particularly close attention to the commercial breaks. Here is what “The Man Behind The Curtain” wants you to do. The worst part is… most people seem to comply.
First, you must go to college, get a massive student loan and get a bunch of credit cards. After you graduate, buy your girlfriend a giant diamond ring, get married and she will love you forever. Then buy a house, a new car, start a family, get a dog and drink a lot of beer. Of course, the overwhelming pressures associated with all of the above will grind you into the ground. But not to worry, our top notch pharmaceutical and medical industry got you covered. Bonner pills, ADD pills, depression pills, high blood pressure pills, surgery and who can forget ….adult diapers. And that’s your future, in a nutshell.
In all of the above, one thing stands out. There is nothing more prevailing in the American culture than the notion than any self respecting, reasonable American with half a brain should own his/her own house. If you don’t, you are viewed as a failure. Now, before I destroy that notion with a few simple calculations and tell you why the housing market is going down the drain again (yes, it’s happening right now), please allow me to destroy the notion of home ownership with some simple common sense.
Reason #1: You Will Never See Your $50-100K Cash Down Payment Again:
Let’s say you are a responsible member of society and instead of getting Interest-Only-No-Down-Payment-I-Am-Never-Going-To-Pay-It-Back Loan, you get a typical 30-Year fixed with 20% down payment. In fact, you have worked incredibly hard and saved up $50,000 – $100,000 to do just that. Congratulations. However, the stupidest think you can do next is to buy a house and get a mortgage. If you do, kiss that money goodbye. Under today’s monetary conditions you are never going to see it again.
“But Alex, my realtor is telling me that buying a house right now is an opportunity of a lifetime….if I don’t do it now, I will never be able to afford it again, recovery is here, the prices are about to go through the roof, blah, blah, blah…” – Everyone.
Well, unless your realtors name is George Soros or Warren Buffett, tell your realtor to go pound sand. What we have experienced between 1994-2007 in the real estate sector is not only atypical, but is truly once in a lifetime. More on that later, but if you are lucky enough to sell the house you buy today at a breakeven, you will still not see the down payment again. It will simply roll over into your next house. From my point of view it is a lot better to invest that money into your future as opposed to park it in an illiquid asset that is likely to lose at least 50% of its value over the next 2 decades.
Reason #2: Closing Costs, Maintenance & Property Taxes:
Finally got that house of your dreams? Great, now bend over and take it like a man. Everything in this house will break down over the next 20 years and it will cost you a boatload of money to maintain. Throw in closing costs and property taxes and you talking about real money. Realtors themselves estimate you should budget about $8,000-$12,000 annually on a $500,000 house. Sure, there is an interest deduction on your taxes, but typically (based on your family’s tax structure) the costs above are never fully recovered.
Reason #3: It’s Not An Investment:
Stop saying that your house is an investment. Just stop. It’s a debt burden, not an investment. Investments produce income and pay dividends. Your house doesn’t do either unless and until you rent it out. Yes, your house can exhibit capital appreciation, but that is not an investment either. That is more accurately defined as a speculation. What we saw during the housing boom was just that. Speculation. Household incomes didn’t go up 500% between 1994-2007, but house prices did. People who were in the real estate sector simply got lucky. Now, it’s time to ride this Cho Cho Train down.
Reason #4: Your House Is A Trap:
Got that house of your dreams in The City of Compton, California? Congratulations, you are now trapped. Even if you get a $100K job offer to wax dolphins in Fiji, you won’t be able to take it. You will be tied down and unable to sell your house at break even. Particularly over the next 2 decades and that is exactly where “Corporate/Government Interests” want you to be. They don’t want you to have the ability to move and get a better job elsewhere. They want you to be tied down, “to have roots”, to be paid less. That wouldn’t be the case if you could increase your salary 25-100% by simply picking up your things and moving across the country.
And that’s just a few of the points. I can keep going, but I think you get the point. The housing myth is just that….a carefully crafted marketing message.
Now, let’s get to the best part.
Here are the reasons why you should be mentally committed if you are even thinking about buying a house. Plus, why you should sell your house NOW if you are misfortunate enough to OWN one.
First, you must understand where we are and the cause/effect behind today’s market.
UNDERSTANDING THE HOUSING MARKET, ECONOMY, SPECULATION AND DRIVERS BEHIND BOTH.
Yes, I called for the real estate crash and credit collapse as early as 2005. While my call was a little bit early and premature, eventually it was right on the money. Now, I am saying that the housing crash is not over.
Before we can understand where we are now and where we are going in the future we must understand where we came from. The Real Estate run up that we have experienced between 1997-2007 has no historical precedent. Real estate data going all the way back to 1890 clearly shows that the US housing market basically appreciated at the rate of inflation. Yes, there were some bubbles and substantial declines, but overall, appreciation at the rate of inflation is an appropriate way to look at the US real estate sector.
A QUICK HISTORY LESSON:
All of that changed in 1997 when Bill Clinton signed The Taxpayer Relief Act into law, basically allowing $250,000 in tax free capital gains in real estate. While real estate was already appreciating at a good clip at that time, that law added fire to the trend.
Later, fearing significant economic slowdown in 2002-2003 the Bush administration added a huge amount of jet fuel to the Real Estate Bubble by cutting interest rates and making mortgage finance available to everyone (yes, even to the dead people). As people used to say, if you can fog a mirror you can get a mortgage. Of course, all of that led to the largest finance bubble in the history of mankind that “kind of” melted down in 2007-2009. I say “kind of” because most of those excesses are still within our financial system and will have to be worked through in the future.
WHERE ARE WE NOW?
Issue #1: US Home Ownership Rate Is Plunging
On historical basis, home ownership rate in the US is in free fall. Take a look at the chart. I think it speaks for itself.
Issue #2: Real Estate Affordability Is Plunging
Take a look at the chart as it speaks for itself. The affordability index is in free fall as well. Most certainly, due to higher interest rates and rising prices. fredgraph111
Issue #3: Interest Rates Are Going Up
The trend has shifted up and the 10-year rate is up 100% over the last 12 months. I gave detailed interest rate analysis here. Please take a look here.
Issue #4: US Economy & The Stock Market Is About To Turn Down (Big Time)
This has been the primary trend in our blog since inception. Based on our mathematical and timing work the stock market will go through a bear market between 2014-2017. Pushing the US Economy back into a severe recession. To learn more about the upcoming bear market please Click Here and read the report. With further job losses , lower incomes and an economic contraction it would be impossible for the real estate sector to sustain any sort of a rebound. On the contrary, as the economy tanks real estate prices are bound to collapse further.
Issue #5: Who Is Buying All Of These Properties For Cash Today?
Chinese buyers, hedge funds, banks themselves, investors, speculators, etc….. Who cares!!! Remember all those Japanese investors buying everything they could in California and Hawaii in the late 1980′s. I wonder how that turned out for them.
In one of my previous reports I have outlined how large hedge funds, including Blackstone Group, are buying tens of thousands of real estate properties across the nation. With some hedge funds and financial institutions going to the extreme and investing in the likes of plumbers and dentist to help them find and manage properties(Click Here To Read). In Las Vegas alone 70% of real estate purchases over the last year have been done by investors. If all of this doesn’t not scream out “Market Top” at you, I really don’t know what will.
On a more serious note, notice that I didn’t say Average American Family. That is the only category that we should track if we want to accurately predict the future trend in the US Real Estate market. Every other category is irrelevant over the long run. And guess what? They are not buying. See the charts above.
Issue #6: Bear Market In Real Estate (sucks people back in)
As I have said in one of my previous posts (US Real Estate At A Turning Point), this is how the bear market works. This is the stage #2 bounce, before the big decline (stage #3). The bear market tends to suck people back in, offer them perceived safety and a high return before slamming the door, ripping their head off, drinking their blood and taking all of their money. The US Real Estate market is topping in Stage #2 run up here. That is why you are seeing so many divergences. The market should turn down soon. Beware.
FUTURE OF REAL ESTATE:
Real estate is not made of Gold. There is a tremendous amount of land available in California, Florida, Nevada and all over the US. There is no housing shortage. As such, expect real estate to decline significantly in order to revert back to its natural inflation adjusted mean. It might take a few years, it might be different for various cities, but one way or another the market will get there.
HOW FAR DOWN?
Let’s do very simple math for the San Diego market. It doesn’t have to be exact for our purposes.
San Diego Median Family Income: $61,500 As Per Various Financial Guidelines Families Shouldn’t Spend More Than 30% Of Their Income On Housing. That means a $1,500/monthly payment. Median Home Price in San Diego: $425,000 Interest Rates: 30 Year Mortgage 4.35% (Rates as of 2/21/2014) With such fundamental input variables median house value should be $300,000 -OR – A 30% DECLINE ($1,email@example.com%)
What if interest rates go to 7% over the next 5 years, which can easily happen?
The fundamental value of the median house drops further to $225,000 -OR- A 47% DECLINE
Also, don’t forget that markets oftentimes overshoot to the bottom, just as they set blow off tops. In such a case I wouldn’t be surprised to see a median price of $150,000- 200K -OR- A 65%-50% DECLINE
You say impossible….. I say study financial markets. Nothing is impossible. Here is another way to look at this. Have household incomes increased 500% over the last 20 years? Nope. They have barely moved. Therefore, real estate decline in excess of 50% would simply return the prices to their inflation adjusted base.
In one of my earlier reports “I Am Calling For A Real Estate Top Here“ I clearly outlined the fundamental reasons of why the real estate market has peaked and is now in the process of rolling over. I continue to believe that the nationwide real estate prices are in the process of setting in a top. Since real estate is local, it is much more difficult to identify exact tops. As such, we must go back to the stock market in order gage a better understanding of WHEN the real estate market will tank.
Typically, the stock market foreruns the actual economic recession by 6-12 months. In other words, the stock market prices break down 6-12 months before Economic Data confirms a recession. While real estate prices, in theory, should start breaking down in conjunction with the stock market, that is not always the case. As such, it would be prudent for us to say that the housing prices will start breaking down 6-9 months after the start of the bear market in stocks.
As you know, it has been my claim (based on my mathematical and timing work) that the stock market topped out on December 31st, 2013 ushering in the final leg of a cyclical bear market. If such is the case, we can safely assume that we will start seeing drops in real estate prices sometime in the summer of 2014. Once the market rolls over and confirms, we should see a significant acceleration to the downside in real estate price over the next 3 years (at least).
With that said, we already starting to see evidence that the housing has topped. Please see volume data from RedFin.com below. As always, the volume of sales is first to go. Prices tend to follow.
WHAT SHOULD YOU DO?
That part is somewhat simple. If you do not own a home and thinking about buying one…..just DON’T do it. You will save a lot of cash (and your down payment) by renting and waiting for the market to come down over the next few years.
If you already own a home the situation is a little bit tricky. Listen, I am no fool and understand that your house is a home and is important for family formation/structure. If you are happy with you home and could care less what is going on in the real estate market……stay put. However, if you are thinking about selling your home, right now would be a great time to do so.
If you own rental properties that generate positive cash flow and they are not in any way tied into the upcoming real estate decline, keep them. If you are buying investment and/or rental properties as a “speculation” in hopes of capital appreciation or a “flip” you are better off liquidating all of your positions (right now) and getting out.
Now, I understand and agree that there are various market forces at play that make the picture a lot more complicated. Interest rates, timing, mortgage finance, cash buyers, the FED, foreign buyers, speculation, location, supply/demand, etc…. However, fundamentals will always prevail over time. Everything else is just temporary BS.
Posted on 26 February 2014
As of right now, I'm in the following
ETFs: DVY (3 shares)- Select Dividend EEMV (2 shares)- Emerging Markets Minimum Volatility EWJ (15 shares)- Japan HYG (2 shares)- High Yield Corporate Bond IJT (2 shares)- Smallcap Growth IWC (2 shares)- Microcap IYR (2 shares)- US Real Estate LQD (1 share)- Investment Grade Corporate Bond PFF (5 shares)- US Preferred Stock Stocks: HAS (3 shares)- Hasbro MO (5 shares)- Altria AKA Philip Morris YHOO (5 shares)- Yahoo
Posted on 13 November 2013
Posted on 6 November 2013
I live in Norfolk, VA. My wife and I signed a 2 year lease on a townhouse August 2012. 3 months ago, we gave notice to our landlord that we would be terminating the lease early due to purchasing a home.
We scoured through the lease many times prior to notifying the landlord of our intentions to break the lease. Nowhere listed was there any provision covering early lease termination. We then looked into the state statutes since the lease didn't cover it.
Based off our readings of the state statutes (below) we understood we were responsible for any remaining rent until the end of the lease which is August 2014, or until a new tenant is found. Also, the landlord could charge us for any fees incurred re renting the property. Finally, the the landlord has to provide us an itemized list of all repairs/services needed to get the home back to a rentable state within 45 days and return the unused portion back to us.
All was well and good with the landlord after we notified her of our intent to vacate 3 months ago. In the last month she had two showings, approximately 30 minutes each. We also showed the home for her once while she was out of town.
We have paid our rent through October 31st and she found a new tenant who will be moving in on October 28th.
Last week, the landlord informed us of the new tenant and also that we would be required to pay one additional month of rent along with the forfeiture of our security deposit. Naturally we were surprised since this isn't in the lease nor could we find anything in the state law.
We told the landlord that we wanted an itemized list of costs associated with re listing the home, which we would pay, but we didn't feel obliged to pay an extra month's rent since a new tenant was acquired and will be residing before the month's end. Also we informed her that we should not be forfeiting our security deposit.
The landlord replied by attaching a property management fee structure document. This is the first time we've seen this and it looks to me like a list of fees the landlord charges the homeowner as part of her property management. Below is the relevant text from the document. Please let me know if we are being reasonable or if the landlord can do what she's doing.
Leasing fee is equal to one month’s rent & includes: · Assessing market rental comps to determine what current rental amount should be · Orchestrate advertising & marketing to get the property rented (includes e-campaigns, e flyers, entering property into the MLS system, etc). All listings, sales & rentals, feed to a host of websites including Zillow, Trulia, Realtor.com, hotpads.com, yahoo real estate & a host of many more · Showing property to potential tenants as well as coordinating showings with other agents · Screening potential tenants (background, criminal & credit checks as well as rental history & employment verifications). Background checks & verifications don’t incur any additional charges, tenants application fee covers this. If tenant is procured through another agent, 10% of 1st month’s rent is paid to procuring agent. This is in addition to the 1st month’s rent to Property Manager. If property manager procures the tenant, there is no fee on top of the 1st month’s rent · Procuring/executing lease agreement · Collecting security deposit · Performing move-in/move out inspections · Coordinating routine maintenance issues while property is vacant & or in between tenants (cleaning, lawn maintenance, winterization, etc.)
State statutes we found
55-248.35. Remedy after termination. If the rental agreement is terminated, the landlord may have a claim for possession and for rent and a separate claim for actual damages for breach of the rental agreement, reasonable attorney's fees as provided in § 55-248.31, and the cost of service of any notice under § 55-225 or § 55-248.31 or process by a sheriff or private process server which cost shall not exceed the amount authorized by § 55-248.31:1, which claims may be enforced, without limitation, by the institution of an action for unlawful entry or detainer. Actual damages for breach of the rental agreement may include a claim for such rent as would have accrued until the expiration of the term thereof or until a tenancy pursuant to a new rental agreement commences, whichever first occurs; provided that nothing herein contained shall diminish the duty of the landlord to mitigate actual damages for breach of the rental agreement. In obtaining post-possession judgments for actual damages as defined herein, the landlord shall not seek a judgment for accelerated rent through the end of the term of the tenancy. In any unlawful detainer action brought by the landlord, this section shall not be construed to prevent the landlord from being granted by the court a simultaneous judgment for money due and for possession of the premises without a credit for any security deposit. Upon the tenant vacating the premises either voluntarily or by a writ of possession, security deposits shall be credited to the tenants' account by the landlord in accordance with the requirements of § 55-248.15:1.
§ 55-248.15:1. Security deposits. A. A landlord may not demand or receive a security deposit, however denominated, in an amount or value in excess of two months' periodic rent. Upon termination of the tenancy, such security deposit, whether it is property or money, plus any accrued interest thereon, held by the landlord as security as hereinafter provided may be applied solely by the landlord (i) to the payment of accrued rent and including the reasonable charges for late payment of rent specified in the rental agreement; (ii) to the payment of the amount of damages which the landlord has suffered by reason of the tenant's noncompliance with § 55-248.16, less reasonable wear and tear; or (iii) to other damages or charges as provided in the rental agreement. The security deposit, any accrued interest and any deductions, damages and charges shall be itemized by the landlord in a written notice given to the tenant, together with any amount due the tenant within 45 days after termination of the tenancy and delivery of possession.
Posted on 22 October 2013
Suppose one of these high-speed mass transit systems are actually built, wherein one can travel from LA-SF in 30 minutes.
What would be the macro effects of this on real estate prices? For example, near population hubs like SF, real estate is expensive because of the proximity and shorter commute to the jobs centers.
If we had such rapid transportation systems, would the value of close-proximity real estate no longer be as high? How would it affect real estate prices of these population centers and their surrounding areas?
Posted on 12 August 2013
According to yahoo finance JCP book value is $13.03 currently trading @ $12.75. I don't think their value could be overstated because its mostly real estate, right? http://finance.yahoo.com/q?s=jcp&ql=1
Posted on 6 August 2013
The S&P 500 Hit an All time high on May 22, Yet It did this on: 1.Weak US economy (stagnant growth) 1b. Weak worldwide economies 2. High US unemployment (reported and unreported) 2b. High worldwide unemployment 3. Huge US Household debt, 4.A trillion dollars in Government backed outstanding student loans 4b Astronomical $16, Trillion Federal government debt + State Debt + City Debt 5. Historically unheard of low interest rates (Worldwide) 6. Strong asset classes are falling in value rapidly.. Gold, Silver, Copper.
Since the stock market is just a system to rob Main Street to pay Wall Street (and their government Protectorate) and every nickel has been squeezed out, Wall ST is going to cash in (again) and it has already started.. but The Media wing of the government is keeping it quiet (until the Banksters have cashed their checks and purchase back all the cheap gold!)
Here are some "news" items that the "news" aint reporting much..
Change My View ...
Posted on 23 June 2013
I started a new service business in November. Have you heard all of the Condo and HOA horror stories? We aim to reduce (or try to prevent) the horrors.
I provide Due Diligence of the condominium and homeowners association on behalf of the homebuyer, real estate agent, appraiser, etc.
Through the Due Diligence process, I determine the financial health of the association and also look for any potential livability issues (such as pets, parking, garden, etc).
We basically help homebuyers reduce their risk. It's similar to a property inspection - which is a standard part of the process now.
This service is available Nationwide. I have no competition. There is no overhead.
I know (and have been told by many) that this service is sorely needed. My problem is getting the word out to thousands.
I have written for real estate web magazines, local papers, monthly newsletters, etc. I'm also active on linkedin, twitter, pinterest, and more.
To get the word out on the level that I need it to, I need some help.
I spent the last few months trying to get some real estate reporters to take notice - and write about this concept. I haven't had much luck. This would be the best situation - as advertising is very expensive.
This is what I need help with:
1 - Does anyone have any contacts with reporters in the real estate industry? I'd be interested in Huffington Post, Aol real estate, yahoo real estate, Inman real estate, ny times, wall street journal, washington post, or any other major publications.
2 - Do you have any other contacts that might be interested to help me "run with it"? I'm pretty sure this idea/service can eventually be franchised.
3 - Ideas to help me raise funds to pay for advertising/marketing (last choice)
I would appreciate any advice as well.
I tried angel investors - but they seem to be only interested in tech startups.
Thanks! website is: Condo-Smart.com Company is: Condo & HOA Smart
Posted on 11 April 2013
So far mine is Yahoo! Finance. Anything better/different out there?
Posted on 25 January 2013
Throwaway because I'd like to sell my place and don't want the Yahoos on my Association board to discourage buyers.
I own on a Condominium in Ohio. There is a COA bylaw for our small community that demands that ANY and all real-estate signage be placed inside unit owner's windows -- which is all well and good, except that the west-facing units face an empty field, the condo clubhouse and an untravelled construction site (where brand new, albiet smaller condominiums are about to be built). After writing a petition to the board with a suggestion to either allow owners to place signs in the grassy area adjacent to the well-traveled road running parallel to the units, or to place a sign listing for sale or for rent units in a visible, well-traveled location, I was told that the board would not consider putting an amendment forth to the owners because they had been advised by their COA lawer that such a sign would be "unneccessary clutter" on the property in the day and age of "internet searches".
What can I do, legally, to get through to my Association, which seems hell-bent on allowing the current bylaw to stand? Is there any way I can legally force their hand by getting a majority of the owners on-board?
Anyone dealt with a similar situation in the past?
Posted on 20 December 2012
Ok, reddit, first real interaction on here but ive seen some pretty good advice on here and I'm at the end of my rope. I dont want to put up too many particulars because im not familiar with every rule, and I will also likely have a court case pending soon and dont want to make any missteps.
So Here's the breakdown,
Back in June a few friends and I did our quarterly(sometimes half year) trip to somewhere scenic to hang out, drink, have a cooking contest, smoke cigars, play games, and just basically be merry. In the spirit of the summer we decided to rent a lake house. We usually nominate someone to do the brunt of the planning, and this time my pal Jay got the nod. Jay looks around and find's a property that looks really sweet, the pictures look amazing. Were about to book it when one of our friends notices some sketchy reviews( on yahoo though, which is less than credible, usually). We brought them up to Jay and he called the guy and talked it out with him, apparently everything seemed in order because he pulled the trigger on it.
So we get to the house, its pouring rain so we run in and were just happy to be dry, and everything looks great at first glance. Then after about twenty minutes, we start to notice things. First thing, the hot tub, which the ad said "take in the gorgeous lake from the brand new jacuzzi tub" , was full of worms and bugs, and hadnt been ran in forever. The second thing was the fish tank, we noticed it had no fish...whatever, who cares about fish, then we notice, there is an island of algae floating on the top of the water, oh, and it was inhabited by a roach. ( Im not kidding, we have pictures). So aside from the musty sheets, filthy kitchen and numerous other problems we attempted to enjoy ourselves anyways. Jay tried to call the agent on saturday to see about getting the hottub up and running, he didnt answer. Did i mention, the guy was also our contact to rent watercraft? theres goes pontoon day...sigh... you know what, we still all had a good time, we drank apple pie moonshine, had a cooking contest, played board games, swam in the lake, all that good stuff.
Ok cool, disaster averted, though, bad taste still in mouth.
Now for the small matter of our $600 deposit.
We left the house, 100% cleaner than we found it. I called him up about a week after we checked out and he said everything was cool with the house and the check would be in the mail monday.
That was five weeks ago, he has since severed all contact, Texts, Emails, Call's, everything. Weve tried him from different phone numbers, he predictable responded, hoping to rip off some other rube. So the contract was in jay's name and i fronted the deposit, weve both been calling this guy, myself more so. He has made it clear he has no intention of paying, ive done more research, this guy's trail basically goes in a circle...of scams.
I will provide a few vague details of the transaction, and can go more into detail privately if someone thinks they could help.
We wired him the money via Bank of America xfer (member to member)
There was a contract specifying our deposit would be returned in a certain amount of time(it passed 2 weeks ago)
He said he was a real estate agent
Research has turned up that he owns the house and is current on his taxes, the house is appraised at nearly a million.
This happened in North Carolina, i hear enforcing judgements are difficult here.
I feel that he committed fraud, he obtained money meant for something else with the intent of just keeping it, (wire fraud?)
Im sure there's more descriptive things i can help with, ask me some questions~! HELP PLEASE!
Posted on 16 August 2012
My parents have been married for 20 years this year, my dad also turned 50.
I noticed my laptop was running low on disc space and I wanted to download a torrent of 4GB so I decided to use my father's PC since he is working late today. Once I started his PC I noticed that he was logged on to Yahoo chat with a name I didn't recognize. I shrugged this off and opened Chrome to search for the torrent but I noticed that he has facebook as a bookmark, with the same name as the Yahoo account.
This is where it gets weird.
I checked the public facebook profile- his profile picture was of himself in a wheelchair. Where the fuck he got a wheelchair, beats the crap out of me. I checked his Yahoo again, he only has once contact, a woman who's profile picture is a short, fat woman lying on her bed, completely naked and missing both her legs.
I was sick to my stomach. Maybe there is a reasonable explanation but nothing comes to mind.
Anyway, it's been a few hours now and I've thought through the options. Should I confront him about it? I'm afraid he'll get violent if I do. Should I tell my mother? I don't want them to divorce or anything because as sick as he made me, he still provides income etc.
Background: I have a younger brother and an older sister. I'm 17. He has worked as a real estate agent for as long as I can remember. His PC is in his "office" at home which is really just a small room with a desk and a PC.
I really need some help now. Anyone have any clue what to do?
TL;DR: Dad uses fake name and facebook account to (possibly) cheat on my mom with a woman who has no legs. Need advice on what to do.
Posted on 30 June 2012
List So Far (from my previous post, the sidebar, a few other posts and my bookmarks):
There was Google Real Estate that interfaced with Google Maps, but it's dead now. You might be able to get a feed from some sites to overlay in Google Earth. Some property managers to disseminate KML files to give people information on the location of a specific property or lists properties.
http://realestate.yahoo.com - Information on specific homes, news
http://www.zillow.com - Index of homes and information
http://realestate.ebay.com - eBay Real Estate Section (I wish there were more places that sold like this)
http://trulia.com -like zillow, with innovative features ie: you can set it to email you every time a house comes up in the same area/price range desired. helps you keep an eye on what's going on with house prices in my area. and when new listings pop up.
example search on Trulia's map search (big map): http://www.trulia.com/for_sale/x_map/photos;d_sort/San_Antonio,TX/x_map/
Index of homes and information For VA or non-VA Vendee loans, there's https://va.equator.com/ and
information For VA home loan benefits http://www.benefits.va.gov/homeloans/veteran.asp
http://www.realtor.com - Information on licensed realtors (it's an organization)
and of course, <cityname>.craigslist.org/hhh (housing) -- search with for example: site:sanantonio.craigslist.org/hhh 5 bedroom 2 bath
New startup in Canada. www.clickrealty.ca.
http://hotpads.com/ - Real estate listing for the US overlaid over Microsoft virtual earth engine.
http://www.globrix.com/ - UK listings using the Google maps engine.
http://www.terraserver.com/ - Online topo maps. Handy for researching the actual elevation of a house or a piece of land.
Ah, also real estate auctions @ http://www.auction.com (the whole site is dedicated to real estate auctions).
Recommended reading from Reddit:
Is It Cheaper to Rent or Buy? Calculator: http://www.nytimes.com/interactive/business/buy-rent-calculator.html
Investment Property Formulas to Familiarize Yourself With:
CAP Rate http://en.wikipedia.org/wiki/Capitalization_rate (also see this article) http://www.biggerpockets.com/renewsblog/2008/03/03/determining-the-value-of-an-apartment-building-investment-using-cap-rates/
Gross Rent Multiplier http://en.wikipedia.org/wiki/Gross_Rent_Multiplier
Net Operating Income http://www.investopedia.com/terms/n/noi.asp#axzz1ey31Q0HO
Spreadsheets to assess investment properties: http://www.reddit.com/r/RealEstate/comments/gm5cj/does_anyone_have_some_really_useful_excel/
BTW, in general for finance and business information, http://www.investopedia.com is great.
UK Agent (I believe that's what they call a broker, there) review site: http://www.allagents.co.uk/
Posted on 21 April 2012
Posted on 22 February 2012
Hi there folks,
Please submit what you can. I'll add what I can if no one else does it. This isn't an explain it like it's 5 resource list, but I figured I should be as straightforward as possible.
There was Google Real Estate that interfaced with Google Maps, but it's dead now. You might be able to get a feed from some sites to overlay in Google Earth. Some property managers to disseminate KML files to give people information on the location of a specific property or lists properties. http://realestate.yahoo.com - Information on specific homes, news http://www.zillow.com - Index of homes and information http://realestate.ebay.com - eBay Real Estate Section (I wish there were more places that sold like this) Trulia - Index of homes and information For VA or non-VA Vendee loans, there's https://va.equator.com/ and http://www.benefits.va.gov/homeloans/veteran.asp http://www.realtor.com - Information on licensed realtors (it's an organization)
Posted on 13 August 2011
Posted on 4 August 2011
Posted on 16 December 2010
Posted on 22 November 2010
I seriously don't understand why anyone (and it kind of seems Microsoft is trying with Bing) is not flat out copying Google's core mission/revenue model.
Yahoo has been going on and on about needing to make changes and changing their focus to bla bla bla. The same thing happened for AOL. Meanwhile, you have a company in Google that makes much much more money than they do and Google has a clear mission on how to make revenue and increase advertising costs on its network and know one (maybe Microsoft with Bing) wants to follow the leader. It makes no sense and I can't understand how all of these smart (supposedly smart) people at Yahoo or AOL have not had that "lightbulb" moment where someone said "Hey, lets be more like Google and focus on search, AdWords, and Adsense like products"..
It makes no sense that there is no close competitor to AdSense. As a web admin I run a site that gets about 5,000 page views a day and I wrote to Microsoft Publisher to become a publisher for MS ads and I got no response. Yahoo does not have a functioning publisher network anymore and know one is even close to AdSense or AdWords. It seems Yahoo and Microsoft would have been smart to combine their web real estate (Yahoo Search, Bing Search, Yahoo News, etc.) into an AdWords like product that could have driven their advertising rates to advertisers higher (As advertising with their joint venture would have reached both company's website properties)
ok, does anybody have any thoughts?
Posted on 22 September 2010
Posted on 9 July 2010
It's worth noting that Syracuse and Buffalo also broke the top 10.
EDIT: I clearly failed at attaching the link (thanks to constipated_HELP and KorgRue for filling in the blanks). For posterity:
Slideshow of top 10 cities: http://www.forbes.com/2010/06/04/best-places-family-lifestyle-real-estate-cities-kids_slide_2.html
Yahoo article summarizing the Forbes ranking: http://realestate.yahoo.com/promo/americas-best-places-to-raise-a-family-2010
Posted on 8 June 2010
Posted on 28 January 2010
Posted on 19 July 2008