Al Gore Global Warming Update
Almost everyone’s fav former Vice President uses 20X the average utility consumption for his Nashville manse. (One of several of his homes).
Last August [tag-tec]Al Gore[/tag-tec] was reported to have used 22,619 kwh for that house, which is located in old money enclave, Belle Meade.
That’s more than twice the rate an average American family uses in one year. His average monthly electric bill as checked by Nashville Electric Service comes to $1,359. Gore’s total utility bill for gas and electric- $30,000.
‘Nuff said. I rest my case.
New Identity Theft Warning
Computers from a failed subprimer are being sold at auction complete with customers’ personal info.
Yep, that’s right, as painful as it is being reported by Housing Doom.
Housing Doom’s Admin tells us that no effort is being made to wipe clean the hard drives.
Here’s another potential problem, just in case that one hasn’t made your day.
There are more reports of ongoing computerized tomfoolery by some disgruntled employees from at least one other Las Vegas [tag-ice]subprimer lender[/tag-ice] that is going out of business.
Those employees were allegedly stealing computers from the company.
Housing Doom is raising the question is anyone really watching these events to protect customers?
1 in 5 Sacramento Homes a Short Sale?
Bigger Pockets is reporting that around one out of every five homes in the Sacramento area is being classified as a short sale.
That means the property is really worth less than the mortgage. The lender is willing to accept less than the full repayment of the loan in order to avoid [tag-self]foreclosure[/tag-self].
Another result is prices will start to go down as homeowners who are not in trouble will have to compete in a new market.
Bigger Pockets is wondering if this trend will be spreading to the rest of the country. If that’s the case it means there will be more than plenty of excellent investing opportunities for savvy investors.