dimelab dimelab: shrinking the gap between talk and action.

condos Topic in The Credit Debacle Catalog

condo loses 73 (1); Condo Price (1); FHA Rules Render Condos Utterly Worthless (1); people flipping condos (1); Render Condos (3); Render Condos Utterly Worthless (2); unfinished condos (1).

Thu 2010-09-23 09:33 EDT

Bob Rubin Just Wants to Be Cuddled

[2010-04-29]...It's October 2007. I've just finished my morning jog on beautiful, sun-drenched Miami Beach and I'm getting a smoothie and a pastry at my usual place, Epicure Market. The subprime mortgage crisis is heading into full-swing mode; Jim Cramer had just done his crazy thing on TV, and you can feel the sky starting to fall all around you -- and that's a literal thing in Miami, where the cranes stopped on a lot of half-finished skyscrapers, the type where a few years back you'd hear about people flipping condos three times before the project even broke ground. (If there's ever a time that I don't regret leaving finance, it's now.) Anyway, I'm in line for the checkout, and a very familiar looking guy gets in line behind me. It's one of those situations where I'm not sure if I eyed him or he eyed me first, but I noticed him shortly when I turned to the left to swipe my debit card. He was standing right behind me in the checkout line - only a few feet away. He looked very familiar and famous, and while that's no rarity in Miami, it is when you realize it's because the guy looks like the former Treasury Secretary -- but maybe no, he's maybe not tall enough? -- and then somehow you finally just blurt out, "Hey, you look just like Bob Rubin!"...

Bob Rubin Just Wants; cuddling.

Mish's Global Economic Trend Analysis Mon 2009-10-19 14:15 EDT

FHA Rules Render Condos Utterly Worthless

When it come to home ownership, condo prices are the last to rise and the first to go down. Given the glut of condos and unfinished condos in the bubble areas, the following article should not be surprising. Please consider Experts: Plummeting prices have rendered condos nearly worthless by the Arizona Republic. New federal loan-guarantee rules imposed to fend off future government losses from plummeting condominium prices have rendered condos utterly worthless, Valley real-estate experts said.

FHA Rules Render Condos Utterly Worthless; Mish's Global Economic Trend Analysis.

Thu 2009-02-26 00:00 EST

Calculated Risk: House "Deal of the Week"

condo loses 73% from 2006 to 2008; real estate bubble exemplar

Calculated Risk; deal; Housing; weekly.