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Forum - FINANCIAL BULL 3X - FAS   

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From: bucyrus (Rep: 3457)Date: 2017-09-08 11:08:27
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3355 - Part 1/8 (Rec: 0)
lower end victims don't have flood insurance and won't get checks... their couch will be put on plastic and take years to pay off... flood waters I saw were mostly poor

ABOUT GROWING OLDER...  

  

First ~ Eventually you will reach a point when you stop lying about your age and start bragging about it.  

  

Second ~ The older we get, the fewer things seem worth waiting in line for.  

  

Third ~ Some people try to turn back their odometers.  Not me, I want people to know "why" I look this way.  I've traveled a long way and some of the roads weren't paved.  

  

Fourth ~ When you are dissatisfied and would like to go back to youth, think of Algebra.  

Fifth ~ You know you are getting old when everything either dries up or leaks.

Sixth ~ I don't know how I got over the hill without getting to the top.

Seventh ~ One of the many things no one tells you about aging is that it is such a nice change from being young.

Eighth ~ One must wait until evening to see how splendid the day has been.

Ninth ~ Being young is beautiful, but being old is comfortable.

Tenth ~ Long ago when men cursed and beat the ground with sticks, it was called witchcraft.  Today it's called golf.

And finally ~ If you don't learn to laugh at trouble, you won't have anything to laugh at when you are old

Will Rodgers

 

 

This product is meant for educational purposes only. Any resemblance to real persons, living or dead is purely coincidental. Void where prohibited. Some assembly required. List each check separately by bank number. Batteries not included. Contents may settle during shipment. Use only as directed. No other warranty expressed or implied. Do not use while operating a motor vehicle or heavy equipment. Postage will be paid by addressee. Subject to approval. This is not an offer to sell securities. Apply only to affected area. May be too intense for some viewers. Do not stamp. Use other side for additional listings. For recreational use only. Do not disturb. All models over 18 years of age. If condition persists, consult your physician. No user-serviceable parts inside. Freshest if eaten before date on carton. Subject to change without notice. Times approximate. Simulated picture. No postage necessary if mailed in the United States. Breaking seal constitutes acceptance of agreement. For off-road use only. As seen on TV. One size fits all. Many suitcases look alike. Contains a substantial amount of non-tobacco ingredients. Colors may, in time, fade. We have sent the forms which seem to be right for you. Slippery when wet. For office use only. Not affiliated with the American Red Cross. Drop in any mailbox. Edited for television. Keep cool; process promptly. Post office will not deliver without postage. List was current at time of printing. Return to sender, no forwarding order on file, unable to forward. Not responsible for direct, indirect, incidental or consequential damages resulting from any defect, error or failure to perform. At participating locations only. Not the Beatles. Penalty for private use. See label for sequence. Substantial penalty for early withdrawal. Do not write below this line. Falling rock. Lost ticket pays maximum rate. Your cancelled check is your receipt. Add toner. Place stamp here. Avoid contact with skin. Sanitized for your protection. Be sure each item is properly endorsed. Sign here without admitting guilt. Slightly higher west of the Mississippi. Employees and their families are not eligible. Beware of dog. Contestants have been briefed on some questions before the show. Limited time offer, call now to insure prompt delivery. You must be present to win. No passes accepted for this engagement. No purchase necessary. Processed at location stamped in code at top of carton. Shading within a garment may occur. Use only in well-ventilated area. Keep away from fire or flame. Replace with same type. Approved for veterans. Booths for two or more. Check here if tax deductible. Some equipment shown is optional. Price does not include taxes. No Canadian coins. Not recommended for children. Prerecorded for this time zone. Reproduction strictly prohibited. No solicitors. No alcohol, dogs, or horses. No anchovies unless otherwise specified. Restaurant package, not for resale. List at least two alternate dates. First pull up, then pull down. Call toll free before digging. Driver does not carry cash. Some of the trademarks mentioned in this product appear for identification purposes only. Record additional transactions on back of previous stub. Decision of judges is final.

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From: spuds (Rep: 343) reply to bucyrusDate: 2017-09-08 11:18:40
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3356 - Part 2/8 (Rec: 1)
picked up some bac calls ....I think your theory is valid......1)large chunk of new money will and must be spent on rehab ....2)...huge percent of population can not pay off a $400 repair bill according to stats that I have been reading for months....3) money will come from two places....ie government deficit spending ...or expansion of credit to individuals....as we know when a bank creates a new loan a credit entry is made and new money is created ....a relative small percentage of money spent on rehab will come out of pocket from savings ...simply because most people have none

spuds


Reply to bucyrus - Msg #2690571 - 09/08/2017 11:08
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From: PornStarTrader (Rep: 1634) reply to bucyrusDate: 2017-09-08 14:43:27
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3357 - Part 3/8 (Rec: 0)
Re: lower end victims don't have flood insurance and won't get checks... --Not true, I can assure you that here in the Houston region it was mostly UPPER MIDDLE class that was affected most. Even a modest percent of affluent to wealthy were affected. Pre storm developers went wild building houses anywhere they wanted. (HA, what permits). Many higher end subdivisions went up in and around reservoirs. Along bayous and creeks etc. This storm actually pummeled the upper classes to a higher degree. And a very small percentage of anyone. (less than 20% carried flood insurance). Many poorer areas didnt even flood.

"Buy Fear and Sell Euphoria" "Price is the Ultimate EQUALIZER""Being right too soon is another way of being wrong"


Reply to bucyrus - Msg #2690571 - 09/08/2017 11:08
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From: bucyrus (Rep: 3457) reply to PornStarTraderDate: 2017-09-08 14:46:44
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3358 - Part 4/8 (Rec: 0)
Re: thanks for the update.. doesn't change my plastic premise but maybe changes which ones will profit i.e. American Express vs CITI.. really helps... again thank you

ABOUT GROWING OLDER...  

  

First ~ Eventually you will reach a point when you stop lying about your age and start bragging about it.  

  

Second ~ The older we get, the fewer things seem worth waiting in line for.  

  

Third ~ Some people try to turn back their odometers.  Not me, I want people to know "why" I look this way.  I've traveled a long way and some of the roads weren't paved.  

  

Fourth ~ When you are dissatisfied and would like to go back to youth, think of Algebra.  

Fifth ~ You know you are getting old when everything either dries up or leaks.

Sixth ~ I don't know how I got over the hill without getting to the top.

Seventh ~ One of the many things no one tells you about aging is that it is such a nice change from being young.

Eighth ~ One must wait until evening to see how splendid the day has been.

Ninth ~ Being young is beautiful, but being old is comfortable.

Tenth ~ Long ago when men cursed and beat the ground with sticks, it was called witchcraft.  Today it's called golf.

And finally ~ If you don't learn to laugh at trouble, you won't have anything to laugh at when you are old

Will Rodgers

 

 

This product is meant for educational purposes only. Any resemblance to real persons, living or dead is purely coincidental. Void where prohibited. Some assembly required. List each check separately by bank number. Batteries not included. Contents may settle during shipment. Use only as directed. No other warranty expressed or implied. Do not use while operating a motor vehicle or heavy equipment. Postage will be paid by addressee. Subject to approval. This is not an offer to sell securities. Apply only to affected area. May be too intense for some viewers. Do not stamp. Use other side for additional listings. For recreational use only. Do not disturb. All models over 18 years of age. If condition persists, consult your physician. No user-serviceable parts inside. Freshest if eaten before date on carton. Subject to change without notice. Times approximate. Simulated picture. No postage necessary if mailed in the United States. Breaking seal constitutes acceptance of agreement. For off-road use only. As seen on TV. One size fits all. Many suitcases look alike. Contains a substantial amount of non-tobacco ingredients. Colors may, in time, fade. We have sent the forms which seem to be right for you. Slippery when wet. For office use only. Not affiliated with the American Red Cross. Drop in any mailbox. Edited for television. Keep cool; process promptly. Post office will not deliver without postage. List was current at time of printing. Return to sender, no forwarding order on file, unable to forward. Not responsible for direct, indirect, incidental or consequential damages resulting from any defect, error or failure to perform. At participating locations only. Not the Beatles. Penalty for private use. See label for sequence. Substantial penalty for early withdrawal. Do not write below this line. Falling rock. Lost ticket pays maximum rate. Your cancelled check is your receipt. Add toner. Place stamp here. Avoid contact with skin. Sanitized for your protection. Be sure each item is properly endorsed. Sign here without admitting guilt. Slightly higher west of the Mississippi. Employees and their families are not eligible. Beware of dog. Contestants have been briefed on some questions before the show. Limited time offer, call now to insure prompt delivery. You must be present to win. No passes accepted for this engagement. No purchase necessary. Processed at location stamped in code at top of carton. Shading within a garment may occur. Use only in well-ventilated area. Keep away from fire or flame. Replace with same type. Approved for veterans. Booths for two or more. Check here if tax deductible. Some equipment shown is optional. Price does not include taxes. No Canadian coins. Not recommended for children. Prerecorded for this time zone. Reproduction strictly prohibited. No solicitors. No alcohol, dogs, or horses. No anchovies unless otherwise specified. Restaurant package, not for resale. List at least two alternate dates. First pull up, then pull down. Call toll free before digging. Driver does not carry cash. Some of the trademarks mentioned in this product appear for identification purposes only. Record additional transactions on back of previous stub. Decision of judges is final.



Reply to PornStarTrader - Msg #2690649 - 09/08/2017 14:43
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From: spuds (Rep: 343) reply to PornStarTraderDate: 2017-09-08 15:01:32
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3359 - Part 5/8 (Rec: 0)
this is something that I have been thinking about since Harvey......say a middle class home buyer lives in a house that was worth $650,000 before the storm .......say that he had $250,000 equity in it before the storm ..iow he still owes $400,000....say that he is uninsured and it takes $200,000 to rehab it ...and after the rehab it is worth $500,000 because it is now damaged goods and in a known flood zone ...say he is a retiree....would this become jingle mail instead of the owner rebuilding ??? and if he did decide to rebuild would the bank lend him money to do so........ and if the current owner walks would the bank after taking a bath loan another person a loan to purchase the property and possibly repeat the same thing in 5 or 10 years??

spuds


Reply to PornStarTrader - Msg #2690649 - 09/08/2017 14:43
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From: PornStarTrader (Rep: 1634) reply to spudsDate: 2017-09-08 15:51:04
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3360 - Part 6/8 (Rec: 0)
Re: this is something that I have been thinking about since Harvey......say a mid...From the sentiment I have seen and gathered from people in that same situation is they all mostly plan to rebuild. Some, dont even know how due to lack of money. FEMA does do loans to homeowners in that situation that lacked insurance. I have seen MANY stubbornly rebuild. 2 years IN A ROW! And those same homeowners now faced with rebuilding a third time due to Harvey. We have had significant floods in Houston in 2015 "Memorial day floods", 2016 "Tax day floods" and now HARVEY. Many that flooded for a third time will be seeking a FEMA "buyout" but will get far less than market or appraised value. I think most people in Houston are just too stubborn. They keep repeating the same mistakes. If I EVER lived in a house that flooded I would BE GONE ASAP and sell to minimize whatever loss I faced but I wouldn't repeat such a traumatic event.
But, You just described what most of the Harvey victims here are facing. No flood Insurance and soon to be upside down on their mortgage. And too add insult to injury the way Federal flood insurance works for those with mortgages is the money first goes to their mortgage company and only AFTER the homeowner has paid and made repairs then the money is transferred to the homeowner for reimbursement. It can be broken up into smaller amounts for those that cant afford to do the repairs all at once but still, it takes liquidity to make repairs even with flood insurance. Only those without a mortgage get the money sent directly to the homeowner.

"Buy Fear and Sell Euphoria" "Price is the Ultimate EQUALIZER""Being right too soon is another way of being wrong"


Reply to spuds - Msg #2690652 - 09/08/2017 15:01
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From: spuds (Rep: 343) reply to PornStarTraderDate: 2017-09-08 16:07:09
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3361 - Part 7/8 (Rec: 0)
Re: this is something that I have been thinking about since Harvey.....thanks for the update .....I am thinking that when the subprime loan situation occurred many owners defaulted on the mortages simply and only because they were underwater financially while the homes were in perfect condition .....so some financial institutions somewhere will end up owning some bad paper ....can they possibly securitize it by bundling it with some good paper .....I think not this soon after 'the big short' ......just seems like there might end up being some areas that just do not get rebuilt ....especially considering whether severe hurricanes have anything to do with anthropogenic global warming or not ,if enough people believe that they do then insurance rates will go up and fresh buyers will be leery and demand discounted prices ....gov might find opposition for huge subsides to rebuild in 'snake pit' areas .....have to wait and see what happens ....my sympathies to those in the Houston and florida afflicted areas...life is difficult enough w/o the current problems they are having

spuds


Reply to PornStarTrader - Msg #2690664 - 09/08/2017 15:51
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From: PornStarTrader (Rep: 1634) reply to spudsDate: 2017-09-08 16:33:46
Forum: FINANCIAL BULL 3X - Thread #673950952Msg #3362 - Part 8/8 (Rec: 0)
-Correct, this is a huge incentive to just walk away. Many homes wont be rebuilt. The insanity of where many subdivisions were built will assure there wont be many new buyers ready to bid on those properties. Unless its vultures bidding. Tens of thousands of homes built INSIDE reservoirs built to hold floodwater! And regarding insurance rates going up. THEY WILL. I completly agree that I dont want tax dollars paying to subsidize insurance rates to insure homes built in such high risk areas. Also, many dont know that The NFIP (Fed flood insurer) plans to get out of the market completely possibly next year. They plan to hand it back to the private insurers. And you know what that means... less homes insured due to sky high unsubsidized rates.I feel sorry for many who bought homes without dueing DD on flood risks. They trusted shady developers and got burnt. But fact is, many homes taken from nature will be given back to nature. I used to envy those with homes along the bayou. Not anymore, I wouldnt live there for anything.
The first thing on the agenda should be putting the brakes on all this unzoned building here. This will mean less affordable housing but those affordable houses now dont seem so affordable after all.

"Buy Fear and Sell Euphoria" "Price is the Ultimate EQUALIZER""Being right too soon is another way of being wrong"


Reply to spuds - Msg #2690675 - 09/08/2017 16:07
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