@mikulaja Will be interesting to learn if Celtic's D&O policy will cover/advance defense costs for Foster if there is merit to the conflict of interest claims. The allegations fall squarely into most policy exclusions ๐
Evolve Bank says the plaintiffs are just a Frankenstein monster of stitched together copy pasta claims. The IRL horror here is how Evolve ponzied Yotta and Juno deposits to Mercury (allegedly) to keep Mercury as a client, which they ended up losing anyway. ๐คฆโโ๏ธ
At a 7% interest rate on a median priced home the annual cost would be around 40k a year with property taxes and insurance. Over 3k a month, not including the cost of maintenance. Twice what the median rent is in America.
We were talking about foreclosure prevention measures taken as a % of inventory - not inventory impact on prices. If weโre talking about one of many symptoms in the housing market as it relates to a true housing collapse that usually requires a cascade: mass defaults, forced sales, additional credit tightening, and a Fed that doesnโt interfere. Without that chain, itโs just predicting the inevitable ups and downs of the market. ๐คท
FL is an overpriced market with insurance companies abandoning ship and outrageous property taxes.
Everything more than a couple blocks from the ocean or an intercoastal is next to a meth lab or swamp.
Florida's housing market is experiencing something it hasn't experienced since 2008 - a correction is in full steam.
Inventory is exploding, sellers are cutting prices, and we now have over 181,000 homes for sale.
That's up 62% from the long-run average.
And indicates that Florida is a definite buyer's market.
So many doomers over US housing market in my timeline. Muh interest rates. ๐
Has Wall Street started shorting the housing market?
Basic rule of thumb: itโs rarely as good or bad as you might think it is.