Comments on: Own versus Rent http://www.ritholtz.com/blog/2009/06/own-versus-rent/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 19:25:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: wunsacon http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187498 wunsacon Sat, 27 Jun 2009 05:20:30 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187498 >> First thing I did…NO LIE, TODAY…was pull $20k cash out and stick it in the safe…Better SAFE than sorry, I suppose… Wow, cvienne. Maybe I *will* drop by one of these days... ;-) "Oh, that's a lovely painting on the wall. And the frame, too! Mind if I take a closer look??" Kidding, of course... >> First thing I did…NO LIE, TODAY…was pull $20k cash out and stick it in the safe…Better SAFE than sorry, I suppose…

Wow, cvienne. Maybe I *will* drop by one of these days… ;-) “Oh, that’s a lovely painting on the wall. And the frame, too! Mind if I take a closer look??”

Kidding, of course…

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187493 Mike in Nola Sat, 27 Jun 2009 04:48:52 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187493 Also, did anyone notice Peter Boockvar's not that today's volume was the lowest since Jan 2, which he doesn't mention, but a look at the S&P chart shows it was an intermediate top before the slide down to the LB Bottom™ And, the VIX is the lowest since the Friday before Lehman blew up. Coincidence? Also, did anyone notice Peter Boockvar’s not that today’s volume was the lowest since Jan 2, which he doesn’t mention, but a look at the S&P chart shows it was an intermediate top before the slide down to the LB Bottom™

And, the VIX is the lowest since the Friday before Lehman blew up.

Coincidence?

]]> By: Mike in Nola http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187491 Mike in Nola Sat, 27 Jun 2009 04:37:08 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187491 Boy, I missed a lot. On the issue of renters not getting notice, there is now a federal law requiring bona fide tenants to get 90 days notice before they can be kicked out in a foreclosure on any "federally related" mortgage. See Sec. 701 of http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_public_laws&docid=f:publ022.111.pdf There are also similar laws in some cities to protect tenants. Houston has one. It's passage was prompted by an incident during the past year when the rental agents of an apartment complex tried to skip out in the middle fo the night with all the rents (must have been a lot of cash payers) because the complex was being foreclosed on. The tenants caught them and the agents had to be protected by the police. <b>karen</b>: Re the celebrity deaths and the GS story. Just shows the power of GS and how far GS will go to protect itself :) Speaking of GS, anyone see this on Zero Hedge? Don't know if its correct, but contains an interesting graphic showing GS's interest rate swap exposure. Pretty scary if it's right. http://zerohedge.blogspot.com/2009/06/q1-bank-trading-only-interest-rate.html Boy, I missed a lot.

On the issue of renters not getting notice, there is now a federal law requiring bona fide tenants to get 90 days notice before they can be kicked out in a foreclosure on any “federally related” mortgage. See Sec. 701 of
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_public_laws&docid=f:publ022.111.pdf

There are also similar laws in some cities to protect tenants. Houston has one. It’s passage was prompted by an incident during the past year when the rental agents of an apartment complex tried to skip out in the middle fo the night with all the rents (must have been a lot of cash payers) because the complex was being foreclosed on. The tenants caught them and the agents had to be protected by the police.

karen: Re the celebrity deaths and the GS story.
Just shows the power of GS and how far GS will go to protect itself :)

Speaking of GS, anyone see this on Zero Hedge? Don’t know if its correct, but contains an interesting graphic showing GS’s interest rate swap exposure. Pretty scary if it’s right.
http://zerohedge.blogspot.com/2009/06/q1-bank-trading-only-interest-rate.html

]]> By: Transor Z http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187489 Transor Z Sat, 27 Jun 2009 04:26:21 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187489 Regina Spektor on Letterman next . . . she's my gf. Gotta go. Have a great weekend. Regina Spektor on Letterman next . . . she’s my gf. Gotta go. Have a great weekend.

]]> By: karen http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187486 karen Sat, 27 Jun 2009 03:59:13 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187486 BTW, pg 19 of the Rolling Stone is an article entitled "Michael Jackson's Troubled Comeback [:] the singer's upcoming 50 concerts will make him rich again-if he holds up" BTW, pg 19 of the Rolling Stone is an article entitled “Michael Jackson’s Troubled Comeback [:] the singer’s upcoming 50 concerts will make him rich again-if he holds up”

]]> By: Mannwich http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187485 Mannwich Sat, 27 Jun 2009 03:58:28 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187485 @Transor: I reminded my wife that this thing is going to play out in what seems like excruciatingly slow motion. We're so used to things happening so quickly. This one is going to drain us all in some fashion by the time it "ends". Pull up a chair, no a recliner. It's going to take a while to sort through this debacle. @Transor: I reminded my wife that this thing is going to play out in what seems like excruciatingly slow motion. We’re so used to things happening so quickly. This one is going to drain us all in some fashion by the time it “ends”.

Pull up a chair, no a recliner. It’s going to take a while to sort through this debacle.

]]> By: karen http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187484 karen Sat, 27 Jun 2009 03:52:45 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187484 Will the article be back-burned on Michael Jackson's death? Incredible coincidence... a 3 celebrity death week spanning decades of fans.. Will the article be back-burned on Michael Jackson’s death? Incredible coincidence… a 3 celebrity death week spanning decades of fans..

]]> By: Transor Z http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187483 Transor Z Sat, 27 Jun 2009 03:50:20 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187483 CNBC Sucks made one of the best statements yesterday: "It's early yet." We're all such news junkies here I think we forget we're only 8 months into the bubble collapse. I know I do. CNBC Sucks made one of the best statements yesterday: “It’s early yet.”

We’re all such news junkies here I think we forget we’re only 8 months into the bubble collapse. I know I do.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187482 Mannwich Sat, 27 Jun 2009 03:48:01 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187482 @karen: The Jonas Brothers on Rolling Stone? Yuk. Matt Taibbi and Rolling Stone (a so-called music magazine) having to the fill the void on serious reporting in the financial services industry? We are truly in Bizarro never-never-land. @karen: The Jonas Brothers on Rolling Stone? Yuk. Matt Taibbi and Rolling Stone (a so-called music magazine) having to the fill the void on serious reporting in the financial services industry? We are truly in Bizarro never-never-land.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/06/own-versus-rent/comment-page-3/#comment-187481 Mannwich Sat, 27 Jun 2009 03:46:18 +0000 http://www.ritholtz.com/blog/?p=30206#comment-187481 Wow, great post Transor. How long can this crap continue without a true backlash? Wow, great post Transor. How long can this crap continue without a true backlash?

]]>