Yipeeee!!!!!!! I love it. Housing prices.
I went to homegain .com and found out that houses around me that went from 200,000 to 180,000 last year are now going from 1 at 20,000 to the rest at 80,000 to 98,500 in San Antonio Tx in the 78009 area for about the same size house. Oh yeah. That is right. This yr. tax bill the Bexar County dropped the value on there own 15,000. Oh yes I am so happy. I am jumping up and down for joy. If this continues then next year I will contest it and bring in the info on houses sold and drop it down to 100,000. Su cks for everyone who uses the tax base for the budget but for me it will lower my tax bill by about 50% over the last 2 and next year. Imagine 50% less in MY tax. Oh yea doing a dance here. Paid cash. No payments. No Intrest rates to pay. Just home repair and upkeep and pesky taxes. Now the taxes will drop by 50% Oh yea. I do believe in shorting the home builders.
And on another note. IF BAc was caught on
Hong Kong’s market regulator has fined two Merrill Lynch subsidiaries $450,000 for “systems and controls failings” after a managing director mismarked a trading book of illiquid securities.
The false marks inflated the value of the trading book by about $25m, concealing its actual loss.
Now I believe that this is one of many of the big 5 bac just got caught. So my question is how good was the stress test and we need another one. Snicker. I was being snarky on the stress test past.