BTShine

In what way(s) are you considering to invest in mobile homes?

Foreign Tuffet, Do you have the link to the thread?

If I had to guess, I'd think the Administration drops big news of their plan regarding the GSEs over the July 4th Holiday. Doesn't give the media much chance to go nuts over Trump "handing billions of $$$ to his buddies Paulson & Co." Journalists are on vacation and no one is reading the news while they're at their BBQ, Lake House or Boat. Akin to Tesla dropping bad news after market close on Friday night.

For someone that's a casual observer, is there an easy place to learn what the Moelis plan recommended? Any links to posts, blogs, etc?

Video is live now: https://video.foxbusiness.com/v/6035185923001/#sp=show-clips

SRG has a higher risk reward than the others. It’s sucesss is dependent upon the development, or repurposing, of their existing property. If the current environment stays constant then SRG will outperform, but the fact is SRG is much a development company whereas the other REITs are established and stable, but I don’t think they’ll meet the potential returns of SRG if the environment stays the same.

A crude look on google finance comparing FAIRX to the S&P 500 in the Jan 2000 - June 2002 (30 months) has Fairholme + 48% and S&P -37%. $100 turned into either $148 or $63. That's likely where the biggest difference comes from. Approx 2.5X the S&P for the current 15 year historical starting point.

"We are committed to a solution. Hopefully there's a bipartisan solution" The only change I saw today was him opening the door to a non-bipartisan solution.

At risk of either being criticized, wasting your time or worse I'd like to raise an idea. If the GSE's go the route of raising significant capital very quickly, what is the chance of Berkshire joining the efforts? Would it be crazy to see them commit $10+ Billion to the efforts? I've been running through the options of who can commit many billions to the effort. Banks, some hedge funds / private equity, Berkshire and a few other public companies came to mind. How else would they raise the ~$50 Billion or so if required?

Any deal put together by Mnuchin in the next 6 months would likely bring the value of Preferred to near par. For the Preferred there would either be 1) a payout (near par) 2) conversion into another security with par value determining the number of shares or warrants received 3) No transaction yet dividends likely to be turned back on soon (unless recapitalization done purely through earnings) For common we likely won't know their true value until this deal from Mnuchin is announced. Will warrants continue to dilute fnma shareholders? Will overpayment from NWS be returned to each company & shareholders? Or, will a large capital infusion from shareholders be required? The odds of a positive shareholder outcome for fnma are better, but still very murky. Chuck Cooper is representing Fairholme and will likely be joining the administration. Has the Fairholme case against the govt been solely for preferred shareholders? Or, is he specifically fighting for common shareholders, too? If purely focused on preferreds that might keep the common shareholders less confident in the outcome.

Thank you! Excellent. You solved two problems for me. What to do with the measly 3,500 AAdvantage points in my account. And, how to stop paying $400 a year for the WSJ.

Predictitt does seem to work. I know a guy that bet on Trump winning and he made multiples of his wager. Hasn't taken the money out of his account, tho. Might parlay the bet into Trump staying in office through 2017. As for the mortgage interest deduction, I believe someone in Team Trump said they wouldn't fully eliminate it. Looks like today's limit is at $1 million for the mortgage (~$40k interest deductible). Going forward, this might be up to a $300k mortgage, so only the well off are hurt. So, that would hurt home prices in the upper price range, but not in the 'normal' home market.

You can take the bet in another way at Predictit. Basically 1/4 that Trump is in office at end of 2017. Or 4/1 that he's not. https://www.predictit.org/Browse/Group/83/White-House

Odds of impeachment or resignation during full term is 11/10 !!! Holy cow. https://sports.ladbrokes.com/en-gb/betting/politics/american/specials/donald-trump-specials/222881036/ Odds of impeachment proceedings being brought to the House of Representatives in 2017: 7/1 2018: 9/1 2019: 16/1 2020: 20/1 http://www.paddypower.com/bet/politics/other-politics/us-politics?ev_oc_grp_ids=2657726

If anyone lives in Miami and sees Bruce B. out celebrating tonight in his guayabera shirt please post a picture! Ideally we could photoshop him in with the Mnuchin & Icahn pic