(no subject)
Jan. 26th, 2007 08:50 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
which_chickI hate the ... sensibility that comes with age. I have a sore throat and a cranky disposition. Do I (a) stay home and inventory the spice rack over a mug of hot tea or (b) go out and pursue sins of the flesh in entertaining and capable company who would probably even appreciate the somewhat excessive trim job? (Hint: I've got the Penzey's catalog open on my lap.)
I went to the sheriff sale today. The HfH property we were looking at, it sold to not-the-bank... an older guy named Jack (Sponsler?)? Goes to a lot of these sales, buys stuff sometimes. Since I was only authorized to bid to 35K, that's what I bid to. Jack took it for $40,100. According to our preliminary research, about 44K was owed on the place. There was another property sold to not-the-bank and that one went for 32K or thereabouts. The sale was moderately well attended, though a bunch of people left after seeing the stuff that was continued to 3-09. They only sold four properties at the sale. Everybody else got continuances or something.
We had a new lady (though not for the HfH house -- that was the young guy that we've seen before) and she was very chatty. Surprisingly, she offered information on what she was going to bid up to... before the sale. Are you allowed to do that? I mean, I guess it's not a secret or anything and of course you're going to find out when the sale happens, but still. It seemed unethical to me. Am I just too sensitive?
I also got a call from the cousin of the tenant we just got shut of from Terrace 18. He wasn't terrible, himself, but his brother deals and his girl cousins are absolutely not good news. His cousins, the girls? One of them tried to rent the place and I was like, "Er, no." (Full disclosure: This isn't a racial thing. Everybody's money is the same color to me. This is a "deals heroin out of my apartment" thing.)
And finally, the NYT is now talking about how the risky mortgage market is not doing well. See here if you have an account with them. If not, well, just make a note that the thing I've been saying for a while, the thing about how during the recently deceased real estate boom there were shitloads of funky-ass loans made to people who didn't understand the loan products and who weren't going to be able to pay them back, loans made on inflated properties that weren't really worth the amounts of the loans, and that the rising default rates on said loans (as they adjusted and/or aged out of their cheap-o introductory rates) was going to hurt (a) mortgage backed securities and (b) those mortgage lending companies that made (and sold) the loans. That thing? I was right about it.
I don't read the NYT for breaking news. I read them for their food coverage (pretty good, usually) and sometimes their style section. I also read them for confirmation of already-broken news, but they are in no way my source for news-that-is-happening. The grey lady reports on what the news was, some weeks or months ago.
I went to the sheriff sale today. The HfH property we were looking at, it sold to not-the-bank... an older guy named Jack (Sponsler?)? Goes to a lot of these sales, buys stuff sometimes. Since I was only authorized to bid to 35K, that's what I bid to. Jack took it for $40,100. According to our preliminary research, about 44K was owed on the place. There was another property sold to not-the-bank and that one went for 32K or thereabouts. The sale was moderately well attended, though a bunch of people left after seeing the stuff that was continued to 3-09. They only sold four properties at the sale. Everybody else got continuances or something.
We had a new lady (though not for the HfH house -- that was the young guy that we've seen before) and she was very chatty. Surprisingly, she offered information on what she was going to bid up to... before the sale. Are you allowed to do that? I mean, I guess it's not a secret or anything and of course you're going to find out when the sale happens, but still. It seemed unethical to me. Am I just too sensitive?
I also got a call from the cousin of the tenant we just got shut of from Terrace 18. He wasn't terrible, himself, but his brother deals and his girl cousins are absolutely not good news. His cousins, the girls? One of them tried to rent the place and I was like, "Er, no." (Full disclosure: This isn't a racial thing. Everybody's money is the same color to me. This is a "deals heroin out of my apartment" thing.)
And finally, the NYT is now talking about how the risky mortgage market is not doing well. See here if you have an account with them. If not, well, just make a note that the thing I've been saying for a while, the thing about how during the recently deceased real estate boom there were shitloads of funky-ass loans made to people who didn't understand the loan products and who weren't going to be able to pay them back, loans made on inflated properties that weren't really worth the amounts of the loans, and that the rising default rates on said loans (as they adjusted and/or aged out of their cheap-o introductory rates) was going to hurt (a) mortgage backed securities and (b) those mortgage lending companies that made (and sold) the loans. That thing? I was right about it.
I don't read the NYT for breaking news. I read them for their food coverage (pretty good, usually) and sometimes their style section. I also read them for confirmation of already-broken news, but they are in no way my source for news-that-is-happening. The grey lady reports on what the news was, some weeks or months ago.
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no subject
Date: 2007-01-27 04:05 am (UTC)Hope you feel better. Rest. Now the eldar spawn and the younger spawn have had this. Next it is my spouse's and my turn.
no subject
Date: 2007-01-27 01:43 pm (UTC)no subject
Date: 2007-01-27 04:22 am (UTC)no subject
Date: 2007-01-27 03:21 pm (UTC)