← Autodidact Archive · Original Dissent · JoseyWales
Thread ID: 19419 | Posts: 18 | Started: 2005-08-04
2005-08-04 15:46 | User Profile
[url]http://biz.yahoo.com/prnews/050727/law042.html?.v=19[/url]
2005-08-04 15:51 | User Profile
JW,
So do you think this means the "housing bubble" is over? Or is it just a wave of ARMs coming due and the home"owners" just packing up and leaving in the middle of the night?
I have seen much of this latter phenomenon in my town, where the Freddie Mac and/or Fannie Mae gets them in, but then they can't make payments and just abscond, leaving the mess behind.
2005-08-04 16:02 | User Profile
[QUOTE=MadScienceType]JW,
So do you think this means the "housing bubble" is over? Or is it just a wave of ARMs coming due and the home"owners" just packing up and leaving in the middle of the night?
I have seen much of this latter phenomenon in my town, where the Freddie Mac and/or Fannie Mae gets them in, but then they can't make payments and just abscond, leaving the mess behind.[/QUOTE]
No, MST, but the 'housing bubble' means the foreclosure rate might be leaping up even higher in the next few years.
Although I've heard a lot of that 'housing bubble' is based on foreign investment, which doesn't exactly thrill me either. In fact the idea of foreigners, grown wealthy through absorbing our outsourced jobs and industry, now coming in to buy up our real estate (and drive the average home price through the roof for our own countrymen) gets my blood boiling.
2005-08-04 16:07 | User Profile
There are a few things that get my attention just about every weekday - news and the financial markets. I also try to read my Bible just about every day.
Yesterday, I caught a blurb on CNBC that reported insiders are selling homebuilding stocks, $27 sold for ever $1 bought. Thats up from $11 just a short time ago and that number was bearish then also.
My suspension is that this recent uptick in foreclosures is due to more layoffs of folks that had white-collar jobs, due to outsourcing and downsizing. The real bust might come with interest rates start to rise and those with adjustable apr loans realize the game is up. I have some realtives that still think the game will go on forever. Their profits are only good if they sell and keep the appreciation they have seen.
2005-08-05 21:09 | User Profile
This housing bubble is created by Feds.(FBI and DEA)
This sounds unusual and unbelieveable at first but if you going on with my messages, you may have something.
I originally plan to talk about this topic later. It's a long story how I found they manipulate housing market. But now it seems I might be eliminated by them anytime, so I omit the long story and remind people that anytime soon there will be a broken housing bubble, and a staggering economy following it.
I talked about they emptied the community and moved in their own people. The advantage is obvious: 1. Easy to monitor. They can watch in all angles and direction. And shoot EM wave at any convenient place. 2. In a framed case, the witness are all theirs. Such like in DC sniper case. 3. Easy to use EM wave. Either it is a ray or a field, EM wave is easy to penetrate a house wall. Only metal may stop it. That's why they clear the area and clear the children. To block the possible leaking of microwave ray, my neighbor parked their car in lane and on street, day and night. Like they don't have to go to work. Or this residence area is their work place.
People may have the question how they can buy so much houses? Because they treat it as a business. They make big money in manipulating house market. I have done such an estimation: If they bought a house in 1997 in my community which costed 200K, with down payment of 20K, and about 20K each year of payment and tax, if they sold it right now at market price of 380K their expense is 140K, they can make 40K profit from it. (1997 is the year they started to buy in real estates, 1999 is the year they push up the house price.) This is the case in my community when they can't use the house in other purpose. In other area, as an investment, they can rent the house off to offset the expense. So in same case, with 20K investment, deducted from profit of 180K, they have a net gain of 160K.
Why they can do it? They control politicians and big cooperations. They control Federal Reserve. They can demand a policy benefit to their business. That's why the federal interest is staying at 1% for such a long time. Because Feds has a lot of real estate property, their payments depend on interest rate. And that's why in an economic downturn, when stock market went to bear market, and government deficit go to a history high, and with high unemployment rate, there still is a rising house market.
Recently they have gradually sold out their real estates at a good price and reap a high profit. But not in my area. Because my case isn't finished. There are hundreds of such houses. (don't know how many they have in other area) The economic situation doesn't allow the interest rate to stay in such low. That may be one of the reasons they hurried to an aggressive persecution on me. When I was eliminated, they could sell these houses within one month or so, then I foresee there is an uprising of Federal interest and mortgage interest as well as a collapsing house market. There will be an economic downturn then.
Beware of a broken housing bubble.
2005-08-15 19:31 | User Profile
Bush is a favorite of inside group. They want him to stay for the 2nd term. But he did nothing good. So the only way inside group can do is to give him a prosperous economy. That's why media beat the drum to propaganda the economy is recovering "Growth is now super-super strong compared to super strong,'', "U.S. 3rd-Qtr GDP Grew at 8.2% Rate, Fastest Since '84". Do you feel this super-super strong recovery? Pay-check raised? Employment fully? Or only impression from media?
A fully recovery means high employment, rising income. Company must expand their business. All these need capital, will cause a rising interest in financial market. But FBI is holding a large amount of real estate property. Any interest rising will increase their monthly payment to the loan, and will also cause a housing market price collapse. Nothing can hurt Feds' interest. So Federal interest maintains at 1%. And Bush administration can only invent a new word," jobless recovery". But jobless recovery can't cheat people. That's why I am persecuted so violently.
2005-08-25 21:46 | User Profile
I posted message on 3/9 to reveal a series trap. Next day, my wife was invited to a dinner party held by an air liner company. In a prize drawing, she got a free air ticket to Asio effective within a year. My wife has attended such kind of party almost every year. She never had the luck to draw a prize. This is the only one.
I think it's a show off by Feds. That they can arrange case anytime. (A trip is often an important part in a framed case. And the bait I knew they used were: relative's invitation; lucrative business chance; bargain deal; this time is a free ticket.) But the ticket doesn't mean an immediate trip. So I expect there will be other traps coming.
I learned it from Mercury News on same day (3/4) when they issue the intimidation news. The first title on first page was: "Area home sales blooming". It said, "One prospective buyer had 10 competitors for a condo in San Jose's Willow Glen neighborhood priced at $489,000. He offered $530,000 but didn't get the home.....". It's a signal that Feds is heating the house market to sell their real estates property. The competitors, I think, mostly are support group of Feds used to push up a market. Because only in a rising market, Feds can sell their houses quickly at a good price.
Nobody has such ability to manipulate a house market like Feds. From Federal Reserve to fix a low interest rate to the people who pretended to be house buyers. Only Feds has such resource.
One way they used to push the house market is to raise the fuel price, I allege. Because the high cost of housing, many people have to find the house in nearby area. They drive about 50 to 70 miles or so each day to work in silicon valley. The high gas price will force this group of people back to Valley market.
Despite the downturn of Silicon Valley economy after outbreak of dot com bubble in 2000, the housing market is steadily going an up way. What is the relationship of this blooming market reported on 3/4 to the other recent economy reports? Re: "Valley job scene still the pits", "Jobs lost since the height of the boom in December 2000: 232,500, or 21.7% of the total." (2/28/04, S.J.M.N.) "Car, truck sales fall 12.2% in valley", "The decline in new-vehicle purchases reflected a 'challenging year' for the South Bay economy. Statewide, sales fell 5 percent." (3/3/04, S.J.M.N.).
As I said in message "180. Beware of housing bubble" and "184. Jobless recovery (12/1)", an economy recovery is needed for Bush's second term. They planned this a year ago. Tax cut, weak dollar, all targets to increase demand, expand production and employment. But the result will boost the interest rate which will hurt D.o.J.(FBI and DEA) whom had invested a lot in real estate properties started with my case. Feds check up that recovery so far. But the pressure is heavy. I feel the heat of persecution when I read the news of a bloom area house market. Week ends used to be the time I went out shopping. Yesterday(Saturday, 3/13) afternoon, I was blocked again by slow procession which at last forced me giving up the surfing. I think it was an effort to force me out to shopping. What was there outside waited for me? I don't know. Probably violence in rogue's way because they are in a hurry.
I'll try my best to keep up a message each five days in my home page. I may slow down to post in other individual forum site due to heavy harassment.
2005-08-28 04:10 | User Profile
For financial topics, I like to browse the selection at this site:
[url]http://financialsense.com/[/url]
As a side benefit, they publish this guy:
[url]http://financialsense.com/fsu/editorials/gnazzo/archive.html[/url]
...which takes a certain amount of guts. Enjoy.
2005-08-28 18:21 | User Profile
I don't doubt the feds are manipulating the economy for its own nefarious purposes. but where is the FBI/DEA connection to all this?
2005-09-05 21:25 | User Profile
Hurry to sell real estate property
Feds are hurry up to finish my case in a rogues way. Because they have to open the employment gate for Bush's election within months. Which will cause the rising of interest rate and the break up of housing bubble. They are pushing to sell their houses invested in my case. They might have sold already most of houses they had in other areas. But they still hold a lot around my area because my case isn't finished. How can they sell so many houses quickly in a short period? Only six months left for president election.
After the article "Housing: Bay area bidding war returns"(3/4, S.J.M.N.), "Homes, realty sales surge 30%"(3/19, S.J.M.N), there was an article aimed at a quick sale on 4/11: "The symptoms of home fever. "
It said, "As offers pour in, cutthroat market a boon for sellers". It gave "Advice for home buyers" that " ** Get pre-approved - not just pre- qualified for a mortgage before you want to make an offer on a home. ** Work with a real estate agent who has successfully guided many clients through multiple-offer situations. ** Request that your agent present your offer in person to the seller and his agent. ** Include an "earnest money" deposit of at least 3 percent of the purchase price when you present your offer. ** If a seller makes a counteroffer on price or terms, be prepared to respond quickly......."
That's how Feds to manipulate a house market. They flame buyers by media, by "competitor buyers", by "real estate agents". This time it's urgent, so they push for a quick sale before interest rate rising. They advice you get everything ready, so when a deal is offered, little time to take a sensible consideration, no chance of regret, because you put the "earnest money" on it already, or even make decision for you because you've authorized the real estate agent represent for you in person already.
Why I say push "by real estate agent"? I think many real estate agents work for Feds. Because housing is a very important way for Feds to loot money. They develope it to their main business. The profit is huge.
The man who lives in B house is a real estate agent, I think. Only in my block, he has at least two properties. Once I saw he had two real estate shelf boards in his backyard, (the shelf used to hang "house for sale"). That "for sale" board later appeared in next lane, before the house of alleged "Feds head-quarter" I talked about in "133. Strong reaction ". It was a cover up sale after I revealed that house was a head office of Feds. And if that house belongs to the owner of B house, then he has at least 3 properties in my block. If people had that man as their real estate agent, he works for whose interest? Customer's or Feds'?
2005-09-05 21:48 | User Profile
[QUOTE=kathaksung]Feds are hurry up to finish my case in a rogues way.... Only six months left for president election.
Okay :lol:
[QUOTE=kathaksung]I think many real estate agents work for Feds. Because housing is a very important way for Feds to loot money. They develope it to their main business. The profit is huge. [/QUOTE]
Can you name one real estate agent who is also working as a Fed? :smoke:
2005-09-05 23:09 | User Profile
Well, there is going to be an uptick in foreclosures along the Gulf Coast I imagine.
2005-09-15 18:51 | User Profile
[QUOTE=Snouter]Okay :lol:
Can you name one real estate agent who is also working as a Fed? :smoke:[/QUOTE]
I'm sorry I can't. But I think I can name you as a member of support group of Cyberspace team which either discredit dissenters or spread message for the government.
In message "245. Framed case and "terror attack" (8/4)" I talked about Bush passed a signal to China that US was ready for another framed case on 7/30, and Ridge raised alarm code in some financial area to orange colour on 8/1. I pointed out it was an intimidation from D.O.J. to financial group not to raise interest rate too quick because Feds have a large investment in real estates.
I think my revelation was very accurate. We can see since then there was a confusion. Feds hurried throwing out a case that they arrested an Al Qaida man in Pakistan. In his computer they found the chart of those financial buildings. Feds justified the terror warning by this information. And then the information was revealed being four years old; and then the news said information was renewed half year ago; and then we knew the arrested Al Qaida computer expert was an informant.Informant? So Feds could explain in the way whatever they wanted to.
But as I said in message on 8/4, "It was probably an intimidation: "Don't raise interest rate too quick.We have big interest in housing market." Although Federal Reserve still raised the benchmark interest rate a quarter point on 8/10, the interest of Bonds went in opposite direction: downwards. Because it is linked to home mortgage rate.
In a report on 8/21, World Journal said, "Despite the Federal Reserve Bank has raised the interest rate, the rate of home mortgage loan, instead, is sliding downwards. In July, the interest rate of 30 years' fixed mortgage loan was between 6.21% to 5.98%. But this week, it descends to 5.81%."
The conflict way of rising prime rate vs dropping home loan rate proves what I said is right. The terror bombing intimidation works. The financial group who controls market, have to give way to the interest of Feds. Which creates a strange phenomenon: The rate of home loans drops while the main interest rate is rising.
Then what happens to 9/21, the next date when Federal Reserve will have another meeting and likely to raise the benchmark rate another quarter of point? The contradictory mortgage rate can't maintain too long.
As usual, Feds frame new drug cases and arrange parties. It almost becomes routine for them recently. One is on 9/2, my father's birthday. The other one is Dr. Wang's wife's birthday. ( I had spelled Dr. Wang as Dr. Huang in message 241, 242. I only knew his legal name should be Wang when I saw his invitation note a few days ago.) Feds make it a big one. My wife has booked hotel rooms for Dr. Wang's relatives from Singapore for the party. Feds tries to net as many people as possible.
It's convenient to frame a drug case. Secret police are skilled for it. China and US has practised for years. Singapore and Philippines are the new partners.
2005-09-25 22:14 | User Profile
I started to post in Internet in September 2000. Frightened by my revelation, D.O.J. determined to eliminate me and the people who knew the story. On 11/12/ 2000, article "Killing Pablo" in Mercury News was an announcement that Feds had planned a mass killing in the name of a "drug case". (see "62. Plot") Chinese secret police was bribed to frame the "drug case". We saw all these in the incident of collision of EP-3 spy plane in HaiNan, China in April 2001, and ended at 6/11/01 when McVeigh was executed. For that framed case, both directors of FBI and DEA resigned. (see messages 61, 62, 63, 64) Since then, the attempt to frame a case on me had never stopped. But the first decision was made in November, 2000.
In my case Feds emptied my community. They also started to buy in a lot of real estate property since 1997. The buy in movement continued until 2000. When they built up a case, they built up a business opportunity for themselves as well. In the end of 2000, D.O.J. determined to finish the case by a big plot. Of course, they needed to sell out the houses held in their hand.
Then we saw there was a steep decline of Federal fund rate in 2001. Started from January that year, there were 11 rate cut, almost once each month. At the end of 2001, Federal fund rate dropped to well under 2% from 6% when the year began. It later touched the bottom of 1% and stayed there until mid 2004. The 30 year fixed mortgage rate followed the Federal rate dropping to the low point of 5.3%. Which created a booming housing market. Federal Reserve did good to co-operate with D.O.J..
Generally, it was easy for Feds to murder a target. "So what, they even killed President Kennedy." But things went beyond all expectations. The plots failed one after another with my revelation. And Federal Reserve had to maintain that historical low rate for nearly three years to the demand of D.O.J. that at any time when Feds finished the case, they could sold all their property quickly at a high profit margin.
How absurd that rate was? In article "Rate hikes likely to continue" (S.J.M.N. 11/11/04), it said, 'By historical standards, interest rates are still far below normal levels. After adjusting for inflation, the "real" federal funds rate is barely equal to zero after being solidly negative for the past two years. On average, the federal funds rate has been about three percentage points above the rate of inflation.
Many analysts have said they think a "normal" or "neutral" rate under today's circumstances would be about 4 percent." It is 2% right now.
The negative Federal fund rate created two bubbles in stock market and housing market. Which is under a big consumer credit bubble. I can foresee there is a dark future of US economy.
The low interest rate also makes US bond lose attraction to foreign investors. Dollar devalue rapidly recently. An inflation is coming. To raise interest rate to the normal is unavoidable. D.O.J. has successfully blocked this tendency for years. In August it even intimidated the financial group by terror bombing alert. (see "251. Mortgage rate and September plot (8/29)") The terror blackmail works. The 30 years fixed mortgage rate in July was 6.2% while the Federal fund rate was 1.25%. After August terror intimidation, though Federal reserve still raised the bench mark rate three times to 2%, the 30 year fixed mortgage rate dropped back to its low point at 5.32% on 11/20.
But when people of the world started to abandon US dollars, D.O.J. may not resist it any more. That's why I saw Bush called Chinese President on 11/8, six days after his re-election. A new plot has been planned. They are in a hurry.
2005-10-05 19:27 | User Profile
In first years when I was in America, I rented a bedroom. I think I was a good tenant. I took some course in local community college in the morning. In the afternoon I had a swing shift job until midnight. On week-ends I did some business in Flea-market. Seven days a week, I seldom stayed at the house.
Probably seeing that I only took a sleep at night, the landlord suggested me to move to the garage so he could rent my bedroom off to someone else.
Though I was not an overcritical man, I was unhappy. The condition of a garage was too far away from a bedroom. The landlord's suggestion motivated me to have a house of my own. I started to look for a house.
My supervisor had just bought a house. When he knew about my bedroom story, he introduced his real-estate agent to me. After several round of trips to watch the house, I finally settled on the house which I live now.
That was the start of my America nightmare.
2005-10-14 21:56 | User Profile
It was a four bedroom house emptied already. It looks like a duplex because two identical houses share one wall. But actually it was a townhouse because the garage attached to another neighbor. The price was 93,000. It was a bargain so I decided to buy it right away. The R.E. agent (real estate agent) told me the house was on process of pending sale. A buyer before me was waiting for the approving of a loan. If he failed to get a loan, then it was my turn. I was surprise how could she introduce me a house which was on a pending sale. She told me, "Don't worry. That buyer won't get the loan. The buyers before him failed too." I wondered how she was so sure about it.
On 11/16/1984, instructed by R.E. agent, I wrote the agreement of purchase and sell. The main point were: 1. Buyer put 20k down payment. 2. Buyer to assume the existing 30k VA loan. 3. 40k new conventional second loan. Seller to credit 2,000 for buyer's closing cost. Thus I learned there was an "assumable loan" which could be transfered from sellers to buyers without any checks and examination from bank. The 2,000 credit offer was due to the seller was motivated to settle the deal. It was used to cover up the loan cost of buyer. It was probably demanded by former buyers. I took over the advantage.
In early December 1984, R.E. agent informed me the former buyer failed to get loan on time. It was my turn. On 12/11, I got the offer from seller. Next day I wrote a counter offer in which I proposed to put 60k down payment. The seller, instead to pay 2,000 in closing cost, to cut the price of house to 91,000.
Since that 2,000 amount was planned to pay in advance and the seller would lose nothing, she quickly accepted my counter offer.
What made me write the counter offer? Unemployment. The company I worked for was suddenly shut down. I would lose job. It was impossible for an unemployed to apply for a second loan from the bank. How I solved the problem? I turned on to my relatives.
It was Chinese tradition to help each other among family members. I called relatives, no one refused to help. From several thousand to tens of thousand, I quickly got enough money to cover up the second loan amount. One month later, I became a home-owner.
2005-10-24 22:34 | User Profile
The company I worked for was Shugart Corp. It was named by its Creator's name - Shugart. The product of the company was hard disc drive. Shugart then sold his company and created another one - Seagate. (which is a popular technical company right now) However, the company still used its original name. Manager said Shugart Corp. had about two thousand employers. Its customers were big firms such like IBM, Wang Lab..... I worked in Shugart for more then two years until I bought the house.
In late 84, in a meeting manager said the business was not good so there might be some lay-off. He joked with us that, "Don't buy a new car. Don't buy a house." I felt that was pointing at me because I was buying a house then. In November and December when I was busy preparing to write the offer to purchase the house, the news of possible lay-off became the shut down of company. Every one had to go. Smile lost from manager's face. I still remembered my supervisor banged the desk with his fist, "Damn it, I just bought the house." People started to look for new job. They left one after another.
In newspaper I learned that many people got their pink slip in one day's notice. I had plenty of time for the psychological impact of unemployment. The day I left Shugart was 2/15/1985. One month after I bought the house. (1/15/85) I knew I would lose my job when I wrote the offer. What made me to buy house even if I knew I would be unemployed?
It was the incredible low price of the house. I have had a calculation. The mortgage payment of the 30k assumable loan was 360 dollars each month.(impounds included) Compare with the rent (250) I paid at that time it was only 110 extra. When I bought the house, I reserved one for myself. I could rent off the other bedrooms. In worst condition, the rent income would cover up the house expense. So even I had no job, I didn't worry about losing the house. My economic condition would be better if I bought. it. So what left was that private debt. I could concentrate to work to pay it off.
How low was the price? At that time, a 3 bedroom single house was about 130k. A house identical to mine was about 110k. That was the house next to me.
When R.E.agent showed me the house for the first time, she said, "Your neighbor is your supervisor." It seemed the two attached houses were on market about the same time. My supervisor bought the house just several months ago. The house next to him was on pending sale for several months. When we became neighbor, he told me he paid 110k and something for his house. He was surprised that the same house I paid was only 91k. "Why you had such a low price?"
I didn't seriously consider that question. I thought it was a coincidence that two neighbor houses were on market at same time. I thought it was a coincidence that lay off synchronized with the purchase of a house. I didn't ask why my house was almost 20% below an identical one at the same time. I only felt I was lucky to get such a bargain then.
2005-11-04 22:31 | User Profile
When R.E.agent introduced the house to me, she said I got extra value for the security. The window of the house were installed with iron rail. There were extra iron rail door outside the wooden door. Later I had a look at my community, among one hundred houses, mine is the only one protected with iron rail. Obviously, the former home owner was very care about their security. But the iron rail couldn't protect former landlord's safety.
After I bought the house, I got the Grand Deed. On front page it printed, "* **, (seller's name) a widow, sold her house to Kat Hak Sung." So I knew the seller was a widow.
While I was busy to re-model the house, there was a knock at the door. It was a uniformed police lady. She came to visit Mrs. former home owner. When she knew the house had changed owner, she asked me to deliver a message to Mrs. former home owner about her visit. It was about Mrs.former home owner's pension.
Mrs. former home owner did leave her phone number on note board in kitchen. So I called her. She visited me later with a "thank you" fruit plate. She complained a lot about the trouble caused by buyers previous of me.
Eight years later, about in 1993 (?). Some one put a note on my car, asked me if I would sell it. At that time, I had two cars. One was a cargo van used in business. The other one was an automobile for general communication. Both car caused a bad feeling after driving. The van got normal after I installed metal plate around drive seat. The space of the driving seat of automobile was too narrow to install metal plate so I abandoned to drive that car. It was left on street for months, covered with dust.
The offer was from Feds, I thought. Most of the neighbor were occupied by agent and their people. Who would interest on a dirty car? They might want to take back the instruments they installed in my car when it was abandoned. Anyhow, I dare not to use that car again. So I called the number on that note and sold the automobile to the man.
A few days later, another note was found in mail box. It was same yellow stick note identical to the note offering to buy my car. This time it suggested to exchange his house with mine. I left that offer alone.
At that time, I was tortured by mysterious EM wave. Feds set up traps one after another. So the first thought came to my mind was: "Was it another trap? A house full of killing instrument prepared for me? There could be many traps in procedure to exchange houses." Then I recalled unusual events when I bought the house and since. With more experience with Feds, I gradually found the explanation for each coincidence. I started to realize it was the house I bought caused a nightmare.