Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 @GRomePow
Top 25 Business School Grad - Finance Formerly Series 7, 6, 63 Licensed New Century Mortgage (Big Short) Account Exec Backup: @gromepowburner Pickin yo wallet wit inflation Joined March 2021-
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The US SEC has shut down the auditor of Donald Trump’s social media company, accusing it of 'massive fraud,’ per FT
🚨Foreclosure sale: 228 apartment units. Midtown Crossing apartments in Raleigh, NC just transacted at a foreclosure auction. Lender purchased via credit bid of $30.5mm (~$134K per unit). Asset was purchased in 2022 for $54.6mm (~$239K per unit). Other details: - 1996…
NFL Network and the Weather Channel have begun significant headcount reductions
Sorry to be impolite, but Freddie Mac’s proposal is a bag of dicks
Sorry to be impolite, but Freddie Mac’s proposal is a bag of dicks
People have asked me to comment on this… 1. Why is anyone surprised someone in government is this ignorant? 2. In practice the government doesn’t print broad money. They borrow, tax, spend impacting broad money almost entirely created by banks assuming non banks are buying…
US Commercial Real Estate Prices are down the most on a year-over-year basis since the Great Financial Crisis. The unwind has officially begun.
2) This inventory spike is getting especially aggressive on the Western side of the Phoenix Metro. Many of these ZIP codes (in red) are already in "Inventory Surplus". Where the active listings are well above the long-term average. Signaling potential oversupply in the…
1) You have to be very careful if you're a buyer or investor in 2024. Because we keep hearing the "low inventory" narrative. Yet that narrative is collapsing in cities like Phoenix. Where there's way fewer buyers and more sellers. Signaling a downward shift in market.
Look out in Phoenix. Inventory of homes for sale is skyrocketing. With nearly 15,000 active listings in April 2024. That's 50% higher than last year. and 326% higher than 2 years ago. This inventory spike in Phoenix could cause home price declines in H2 2024. Source:…
It’s time we take a stand to house our people by phasing out illegal short term rentals. Today, alongside Lahaina Strong, Hawai‘i’s Hoteliers and Hotel Labor Unions, we united in support of counties’ authority to phase out Short Term Rentals (STRs).
Since services are rising so quickly, the Federal Reserve should just do what it does with goods. Oh, doctors are expensive? OK, let's substitute janitors. Poof medicine is cheaper now.
Since services are rising so quickly, the Federal Reserve should just do what it does with goods. Oh, doctors are expensive? OK, let's substitute janitors. Poof medicine is cheaper now.
We created a tax credit for American-made cars. Period. Why is the Administration letting it be used for cars with components made in China? American tax dollars should support American manufacturing & American workers, not enrich Chinese companies.
Looks like @FHFA wasn't satisfied with rampant occupancy mortgage fraud by speculators. Now they want to put taxpayer dollars at risk on 2nd liens h/t @DiMartinoBooth They want you spending money you didn't earn, crying you can't pay it back and then having the taxpayer pick…
@GRomePow Don't even go down the $BA rabbit hole, it's deep 😆
Thats it. Twitter is officially dead. He turned blocking into muting. People you block can still see your public posts. @elonmusk is the dumbest fuck of them all. Fuck this guy.
Thats it. Twitter is officially dead. He turned blocking into muting. People you block can still see your public posts. @elonmusk is the dumbest fuck of them all. Fuck this guy.
Danielle DiMartino Bo.. @DiMartinoBooth
292K Followers 500 Following CEO & Chief Strategist, QI Research LLC, Fmr Federal Reserve insider, Economist #FedUp https://t.co/HD8LtvuXJ8, https://t.co/QpwfxheMSJMarkets & Mayhem @Mayhem4Markets
192K Followers 848 Following Helping you find an edge 📈 Investment Strategy & Consulting: https://t.co/7ahzoEscDJ Trade Ideas & Education: https://t.co/tonA7iJGM2 SPX Options Visualizer: https://t.co/6JCVhP36FnRJR Capital @RJRCapital
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270K Followers 2K Following If you can keep your head when all about you are losing theirs & blaming it on you…NOT TRADING ADVICEDanielle DiMartino Bo.. @DiMartinoBooth
292K Followers 500 Following CEO & Chief Strategist, QI Research LLC, Fmr Federal Reserve insider, Economist #FedUp https://t.co/HD8LtvuXJ8, https://t.co/QpwfxheMSJMarkets & Mayhem @Mayhem4Markets
192K Followers 848 Following Helping you find an edge 📈 Investment Strategy & Consulting: https://t.co/7ahzoEscDJ Trade Ideas & Education: https://t.co/tonA7iJGM2 SPX Options Visualizer: https://t.co/6JCVhP36FnRJR Capital @RJRCapital
48K Followers 2K Following I'm here to learn and hopefully help retail investors protect & grow capital. Not investment advice. Do your own research. Also fishing. Fishing is good.Lance Lambert @NewsLambert
81K Followers 2K Following @ResidentialClub Co-Founder, Editor-in-Chief. Analyzing the housing market—through a regional lens 🏡 📊 Subscribe to the ResiClub newsletter 👇Conks @concodanomics
134K Followers 1K Following Male. Global market mechanics. STIR & market plumbing enjoyer. Serious works can be found at https://t.co/s5n2gkwveT. Writing a (hand)book. Not financial advice.Rudy Havenstein, Seni.. @RudyHavenstein
111K Followers 1K Following He/Haw/Xi Reichsbank President 1908-1923 Uncategorizable. Tweets are solely for my own amusement. "My way of joking is to tell the truth." - G.B. ShawAdam Taggart @menlobear
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140K Followers 264 Following Speculation is the search for truth in price and time. Not investment advice - just personal views. Blog at https://t.co/DD2iUKbdLzMac10 @SuburbanDrone
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The US SEC has shut down the auditor of Donald Trump’s social media company, accusing it of 'massive fraud,’ per FT
🚨Foreclosure sale: 228 apartment units. Midtown Crossing apartments in Raleigh, NC just transacted at a foreclosure auction. Lender purchased via credit bid of $30.5mm (~$134K per unit). Asset was purchased in 2022 for $54.6mm (~$239K per unit). Other details: - 1996…
With the video of the Chairman of the Economic Council stuttering over borrowing vs printing, the MMTers are crowing... I thought I would trot out an article I wrote in 2015. snbchf.com/gold-standard/…
NFL Network and the Weather Channel have begun significant headcount reductions
Is today's soft jobs print a sign of labor market weakness hiding under the surface? Here's how @DiMartinoBooth is seeing things: - Recession likely started in October 2023 - Census data reveals economy began shedding job losses in Q3 (192,000 *net* job losses in third…
Sorry to be impolite, but Freddie Mac’s proposal is a bag of dicks
I was thinking about Freddie Mac's proposal to purchase closed-end second mortgages on properties for which it already holds the first mortgage. They're basically communicating that these borrowers are locked-in to their mortgages and won't be touching them anytime soon. As…
US Commercial Real Estate Prices are down the most on a year-over-year basis since the Great Financial Crisis. The unwind has officially begun.
3) It's hard to imagine home prices keeping their record high levels in this areas. Because it was the inventory shortage which pushed prices up so high to begin with. So now that inventory is spiking, one has to think that home price declines might be coming next...
2) This inventory spike is getting especially aggressive on the Western side of the Phoenix Metro. Many of these ZIP codes (in red) are already in "Inventory Surplus". Where the active listings are well above the long-term average. Signaling potential oversupply in the…
1) You have to be very careful if you're a buyer or investor in 2024. Because we keep hearing the "low inventory" narrative. Yet that narrative is collapsing in cities like Phoenix. Where there's way fewer buyers and more sellers. Signaling a downward shift in market.
Look out in Phoenix. Inventory of homes for sale is skyrocketing. With nearly 15,000 active listings in April 2024. That's 50% higher than last year. and 326% higher than 2 years ago. This inventory spike in Phoenix could cause home price declines in H2 2024. Source:…
Read the whole thread.
Look out in Phoenix. Inventory of homes for sale is skyrocketing. With nearly 15,000 active listings in April 2024. That's 50% higher than last year. and 326% higher than 2 years ago. This inventory spike in Phoenix could cause home price declines in H2 2024. Source:…
So it sounds like they want to extend the surprises detailed in the post below to even *more* borrowers? They're applying this second mortgage plan everywhere! And on the taxpayer's dime, of course What could go wrong? h/t @m3_melody, @GRomePow, @DiMartinoBooth, @JuliusMiami
This is crazy. Forbearance programs causing underwater loans Tl;dr: they went into mortgage forbearance and due to how it was structured, they now owe MORE on the house than the original loan So, equity has deteriorated now that they're trying to sell... reddit.com/r/RealEstate/c…
Hawaii's governor.
It’s time we take a stand to house our people by phasing out illegal short term rentals. Today, alongside Lahaina Strong, Hawai‘i’s Hoteliers and Hotel Labor Unions, we united in support of counties’ authority to phase out Short Term Rentals (STRs).
It’s time we take a stand to house our people by phasing out illegal short term rentals. Today, alongside Lahaina Strong, Hawai‘i’s Hoteliers and Hotel Labor Unions, we united in support of counties’ authority to phase out Short Term Rentals (STRs).