WTF?

Real Estate Crowdfunding & Investing – RealtyShares

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Invest in real estate alongside thousands of savvy investors. Invest as little as $5,000. Over 1,500 properties funded. Browse properties for free.

Source: Real Estate Crowdfunding & Investing | RealtyShares

How can you tell when a financial bubble is about to burst?

Part of our routine is watching a lot of HGTV.  I know prices are insane when I can’t afford to downsize.  I just viewed a recent construction local listing priced 35% higher per square foot than my house.  New construction is over 50% higher per square foot.

Stick a fork in it.  It’s done.  Air is leaving the balloon.

Need more proof? Read this.

PEZ Easter Egg Hunt in Connecticut Reportedly Descends into a ‘Mess’ – People.com

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“Children were trampled.”

Source: PEZ Easter Egg Hunt in Connecticut Reportedly Descends into a ‘Mess’ : People.com

If initial reports turn out to be true and factual then we can no longer consider our species to be civilized.

Happy Easter.

There is always hope.

Source: Scientists Slowly Reintroducing Small Group Of Normal, Well-Adjusted Humans Into Society – The Onion – America’s Finest News Source

Dear Customer

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Dear Customer!

According to our data you owe our company a sum of $281,59. There are records saying that you have ordered goods in a total amount of $ 281,59 in the third quarter of 2015.

Invoice has been paid only partially. The unpaid invoice #09868723 is enclosed below for your revision.

We are writing to you, hoping for understanding and in anticipation of the early repayment of debt.

Please check out the file and do not hesitate to pay off the debt.

Otherwise we will have to start a legal action against you.

Regards,
Adrienne holroyde
953 N Davis St, Jacksonville,
FL 07490
Phone nr: 797-792-6986

Should I pay this?

“This Is A Ridiculous Joke” – An Abandoned, Rotting Vancouver House Is Listed For $7.2 Million – Zero Hedge

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Source: “This Is A Ridiculous Joke” – An Abandoned, Rotting Vancouver House Is Listed For $7.2 Million | Zero Hedge

Welcome to peak insanity.

You might ask what does this have to do with underwriting?  Great question.  Here’s your answer:

Back during the savings and loan crisis in the US (yes, I’m old) I remember seeing lots of lender initiated life insurance applications to cover mortgage debt.  The applications were made years after the loans were on the books.  One app sticks in my mind.  Like any good underwriter I asked for and received a financial statement.  The valuation of the real estate seemed high to me.  I told the underwriter to decline the case based on inadequate finances.  I was questioned on my decision.

One of the properties (there were multiple properties listed on the balance sheet) was in the same city the underwriter lived in.  I said go drive by the house and you tell me if you think it’s worth $800,000 based upon appearance and location.  The next day he walked into my office.

“It’s an empty lot.”

Hey, at least there are buildings on this $7.2 million property in Vancouver!

 

Dear Client

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There was a zip file attachment to this email received this morning.

Should I open it?

Dear Client,

According to the reconciliation of the Department of Finance there are the arrears following your client account totaling in $697,25 .

We attach the last unpaid invoice #71023099 to this letter and kindly ask you pay it off until March 31, 2016.

Please check out the file and do not hesitate to pay off the debt. We look forward to your reasonableness.

32 Oklahoma quakes in 24-hour period could foretell stronger temblor, experts say – Tulsa World: Latest Earthquake Information From The U.S. Geological Survey

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In a new 24-hour period, the United States Geological Survey most recently reported a 3.7-magnitude earthquake about 20 miles south of Alva at 8:01 a.m. Friday, about a mile and a half north of a 4.1-magnitude earthquake that occurred 25 minutes earlier. Those were preceded by a 2.7 quake 16 miles southwest of Medford at 3:54 a.m.

Source: 32 Oklahoma quakes in 24-hour period could foretell stronger temblor, experts say – Tulsa World: Latest Earthquake Information From The U.S. Geological Survey

The article above was from January 8.  They were right.

Source: Oklahoma rattled by state’s third-largest earthquake; 5.1 recorded near Fairview – Tulsa World: Latest Earthquake Information From The U.S. Geological Survey

My personal definition of a good day has changed.

A good day is a day without earthquakes.