Strategies & Market Trends | The Residential Real Estate Post-Crash Index-MODERATED


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To: TH who wrote (65579)4/27/2012 2:09:45 PM
From: BWAC1 Recommendation   of 91204
 
HFT destroyed it first. Berdumbke just keeps feeding the bankster machine running hft free money.

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To: BWAC who wrote (65581)4/27/2012 2:16:45 PM
From: TH3 Recommendations   of 91204
 
B,

My take is different. HFT is a symptom, but Bernanke is the disease.

GT
TH

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To: TH who wrote (65582)4/27/2012 2:47:10 PM
From: BWAC   of 91204
 
Real estate news for the week NC:

Another local development goes back to the bank. Lots were top priced at $450,000 for 2 to 5 acre gated estates with fancy covenants requiring 5000 sq ft Mediterainean style mansions. Banks now want $30k to $50k. (and they won't sell soon due to the covenants)

Condo re-financing can't be done unless you have 40% down, based on the 'newly' lowered appraisal prices.

One deal I heard about did get done. Builder 'personal' mansion. Sold at 10% under cost to get out from under the bank loan.

My favorite mountain bankrupt subdivision, or rather foreclosed upon dreams, saw WellsFargone eat a $500k or so loss on the sale of a bank owned lot for $20K. Original loan was $550k. No money down.

But its all good and solvent at the banksters place.

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To: BWAC who wrote (65583)4/27/2012 2:51:21 PM
From: Jim McMannis1 Recommendation   of 91204
 
Tejek said the bottom is in.

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To: Jim McMannis who wrote (65584)4/27/2012 2:56:19 PM
From: BWAC1 Recommendation   of 91204
 
Yeah the bottom is in. In and here for a long time to come. In as in entrenched.

Another 10 years to normalize? 20?

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From: roguedolphin4/27/2012 3:01:49 PM
3 Recommendations   of 91204
 
Going viral

"If I wanted America to fail"

youtube.com 

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To: BWAC who wrote (65578)4/27/2012 3:10:27 PM
From: hdl1 Recommendation   of 91204
 
well if obama wasn't giving them money from taxpayers or lenders advertisers on facebook, amazon, twitter couldn't sell them anything. does starbucks take food stamps?

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To: BWAC who wrote (65580)4/27/2012 3:11:07 PM
From: hdl   of 91204
 
i buy loads of restaurant groupons

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To: hdl who wrote (65587)4/27/2012 3:14:12 PM
From: John Koligman2 Recommendations   of 91204
 
'does Starbucks take food stamps?'

For those outlets within grocery stores, the answer is apparently 'yes'...

Food Stamps Buy Starbucks Frappuccino At Oregon Grocery Store (VIDEO)

The Huffington Post Tara Kelly

A recent investigation by Oregon Fox affiliate KPTV has found that Frappuccinos can now be bought with food stamps at Starbucks stands located within grocery stores.

A slice of pumpkin bread and a Frappuccino were purchased with an Oregon Trail Card, the state's food stamp card, last week at a Safeway grocery store in Salem, Oregon.

"It's crazy", said Jackie Fowler, the food stamp recipient who took part in the investigation for Fox 12 News. "They're overpriced as it is. That's money that somebody could be eating with - a loaf of bread, a gallon of milk."

Consumer watchdog site The Consumerist explains that federal guidelines for the Supplemental Nutrition Assistance Program (SNAP) prohibit people from buying hot food or meals that are eaten inside a store. But some loopholes exist that allow recipients of the benefits to buy soft drinks, candy, cookies and ice cream.

Starbucks said that while food stamps can't be used at Starbucks standalone chains, some of its licenses with grocery stores to permit the practice.

The International Business Times obtained a full statement from Starbucks on their policy:


Starbucks, as policy, does not accept food stamp cards for payment at its Company-operated stores; however, some of our licensees, particularly those within grocery stores, may accept these for payment, the statement read. The acceptance of these programs as a form of payment is common within the grocery industry and our licensees are committed to following all laws and rules of the individual programs. When this topic arises, Starbucks continues to communicate to our licensees that we do not recommend this practice.

While Starbucks is steering clear of food stamps, other food companies see them as a huge opportunity.

USA Today reported in September that Yum! Brands, the company that owns Taco Bell, KFC, and Pizza Hut, is lobbying congress to allow food stamps at their restaurants.

The number of Americans using the food stamp program, which was created in 1977 to help low-income families, has nearly doubled since 2007.

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To: John Koligman who wrote (65589)4/27/2012 3:28:31 PM
From: BWAC1 Recommendation   of 91204
 
Oh good god. Food stamps for frappe latte foame.

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