A new Idea
A new Idea
Bruce introduces Rick Sharga who is the VP of marketing for RealtyTrac. Rick talks about foreclosures and the implication of the current glut on the market. Rick talks about the media obsession with foreclosures and the huge interest in foreclosure data. Rick talks about how we got into the position were in; lending. What drove some of the behavior was Fed policy and that money became practically free. People who should never have been able to get a loan got one in the boom. Wall Street securitized these loans and had a voracious appetite to do so. Due diligence was practically thrown out the window. Bankers went from buy and hold strategy to buy, package and sell and do it again. RealtyTrac captures foreclosure data from 2200 counties nationwide. 1.2 million foreclosure filings occurred in 2006 and over 2.3 million in 2007. In California the numbers were much worse as a percentage compared to other states. 2008 will be far worse. Rick discusses the areas hit the hardest. He mentions 7 of the top 12 markets hit hardest are in California. In Stockton, 1 in 25 receives a foreclosure notice. Foreclosure homes are outselling the resale of homes at this point. Existing homes sales arent increasing like most would think. The resets for subprime will continue. 32 months of foreclosure data increases thus far with no end in sight. Alt A and Option Arms will cause more problems in 2009. While the market is sure to continue its decline, Rick points out there will be plenty of …
Video Rating: 5 / 5
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This is a video of me trying / playing with my new bass. It’s an LTD ESP B-206 6 sting bass. In this video I playdifferent tipes of music so you can see how is the quality of the sound and all the kinds of equalisations that you can have. Why should you buy this bass ? Because: Its 6 strings with 24 fretts, so you have all the notes you can imagin 🙂 Is has a 3 band active equalisation, so you can have different sounds Its a cheep bass for the quality it has Has a beautifull bass with maple satin top I think is one of the cheepest 6 string bass WITH AWESOME QUALITY in the market. (because you know there are those Ibanez basses, ond other shitty brands xD) If you are thinking in buying a bass like this one I recomend you to do it, you can have any sound you want, with the equalizer you can make this bass sound “like” a Fender Jazz bass, can have funky sound, or if you like metaal somehing more heavy. PD: The sound isn’t the best one but is for you to check it out. I’ll upload later more videos of the songs I play in this one but with better quality (: