 
Mdoyle
Member
Username: Mdoyle
Post Number: 157
Registered: 10-2006
| | Posted on Tuesday, July 31, 2007 - 7:32 pm: |    |
Ummm. What? |
Quozl
Member
Username: Quozl
Post Number: 1077
Registered: 07-2005
| | Posted on Tuesday, July 31, 2007 - 7:35 pm: | |
Weird, I think Urb needs to go back to doing the weather.
Cheesis, NOT Cheeses Urb. Not the same superstar.
(Message edited by quozl on July 31, 2007) |
Charlottepaul
Member
Username: Charlottepaul
Post Number: 1342
Registered: 10-2006
| | Posted on Tuesday, July 31, 2007 - 8:02 pm: | |
I check this thread all of the time to hear the first word on the announcement, only to find the reason that it is at the top of the list of threads is because someone posted the word "bump" LOL. |
Urbanize
Member
Username: Urbanize
Post Number: 1984
Registered: 02-2007
| | Posted on Tuesday, July 31, 2007 - 8:17 pm: | |
"Weird, I think Urb needs to go back to doing the weather.
Cheesis, NOT Cheeses Urb. Not the same superstar."
Now I think you have no idea what you're talking about. I said The Lord Jesus Christ making a little sarcasm and you're talking about some European Rockstar.
I guess that's not surprising from someone who has time going like a paranoid little Rat around the board talking about others like they care. |
Jasoncw
Member
Username: Jasoncw
Post Number: 405
Registered: 07-2005
| | Posted on Tuesday, July 31, 2007 - 9:08 pm: | |
Why is this forum so messed up? Are there even moderators here?
I swear half the people here are crackheads. |
Quozl
Member
Username: Quozl
Post Number: 1078
Registered: 07-2005
| | Posted on Tuesday, July 31, 2007 - 10:36 pm: | |
European Rockstar? WTF are you talking about Urb?
Paranoid little Rat around the board talking about others like they care? Huh?
Urb, relax man, take a deep breath and exhale.
Thanks for capitalizing Rat though, spot on there.
(Message edited by quozl on July 31, 2007) |
Richj74
Member
Username: Richj74
Post Number: 2
Registered: 03-2007
| | Posted on Wednesday, August 01, 2007 - 6:09 am: | |
Quicken will not be announcing any new location news any time soon. If anyone follows what's been happening in the stock market due to the "credit crunch' will know its not a good time for such an investment. Just yesterday the 10th largest mortgage co. "american home mortgage" declared bankrupcty due to "margin calls" on its loans. They didn't have enough cash or assets to back them up. The stock market today aug 1st will be tanking down more than 200 points due to this credit problem so the news ain't good for this type of big announcement at this time. |
Livernoisyard
Member
Username: Livernoisyard
Post Number: 3558
Registered: 10-2004
| | Posted on Wednesday, August 01, 2007 - 8:00 am: | |
Some of the Alt-A and subprime lenders will be big losers. But that doesn't mean that Quicken will feel much hurt. It'll just be a bit slow for them for a while--maybe a bit longer than they think.
The mortgage industry has some $10 trillion invested, but only $100 to $200 billion is expected to be lost overall. While that's not exactly chicken feed, those losses are only about 1 to 2% of the money invested industry-wide. |
Charlottepaul
Member
Username: Charlottepaul
Post Number: 1344
Registered: 10-2006
| | Posted on Wednesday, August 01, 2007 - 8:44 am: | |
Whoa! Livernoisyard comes through with a bit of optimism! What new wind is blowing through Detroit? |
Bumble
Member
Username: Bumble
Post Number: 264
Registered: 11-2004
| | Posted on Wednesday, August 01, 2007 - 9:52 am: | |
Did I miss the announcement? |
Detroitrulez
Member
Username: Detroitrulez
Post Number: 317
Registered: 12-2006
| | Posted on Wednesday, August 01, 2007 - 10:16 am: | |
I like cheezits.
BUMP
oh and American Home has not YET filed for bankruptcy. But they are in a precarious position, their credit lines have been cut and they can't fund 300MM in mortgages. bankruptcy is looming....and AHM is not a subprime per se, it is for those just short of the highest rated credit scores, i.e. Alt-A (an indication that the mortgage crisis is spreading beyond the subprime market--Hello Quicken!). |
Rbdetsport
Member
Username: Rbdetsport
Post Number: 357
Registered: 11-2005
| | Posted on Wednesday, August 01, 2007 - 11:24 am: | |
Well Dan Gilbert, Thankyou for playing games with all of Detroit. And I don't care what you all say, he said BEFORE August 1st we will have something to talk about. What is there to talk about? There is a little bit of optimism in me that he might make an announcement today or something. |
3rdworldcity
Member
Username: 3rdworldcity
Post Number: 830
Registered: 01-2005
| | Posted on Wednesday, August 01, 2007 - 11:55 am: | |
I've stated on this forum several times what most mortgage bankers think, and that is Quicken is a house of cards. It's just selling money like every bank, S & L, credit union and other mortgage brokers by the thousands are doing. Its overhead burdened by huge marketing costs has got to be higher than any other lender, It sells most of its loans to Countrywide w/o retaining servicing, which is where the real steady profits are. Countrywide is having big problems in the market and if it goes under the impact on Quicken will be very negative. And, it will be w/o a source to sell its loans or make new ones unless it goes the Fannie Mae route or goes directly into the secondary market, which most people think would be impossible in the climate. And because it's a private company no one knows or is able to determine its true financial condition, so comments like mine are nothing more than semi-educated conjecture. A good indication will be whether he moves his offices downtown, or anywhere
Hope I'm wrong. |
Thejesus
Member
Username: Thejesus
Post Number: 1725
Registered: 06-2006
| | Posted on Wednesday, August 01, 2007 - 11:56 am: | |
^perhaps he talked to the reporter about something yesterday...
lighten up... |
Downtown_remix
Member
Username: Downtown_remix
Post Number: 445
Registered: 03-2007
| | Posted on Wednesday, August 01, 2007 - 12:04 pm: | |
im still optimistic too. you all know the bullshittin and planning and assessing and land stealing and city counciling they must go through the get this thing edged in stone.
We have watch some of the most important buildings in architect history sit empty for decades with no activity, no constuction crews, no interest from developers or investers and no hope.
The david Whitney building, United Artist, Adams theater, Woodward ballrooms, Book Caddilac, Pick fort shelby, re-mix of capital park And the entire Brush Park community are all undergoing various levels of re-development that no one believed would ever happen.
Based on these facts alone, Quicken will be here and they will announce their plans soon. This is a blockbuster development deal that will collide two sports team owners and multiple corporations into one big massive empire. Sports, Food, Casinos, and live entertainment. |
Rbdetsport
Member
Username: Rbdetsport
Post Number: 358
Registered: 11-2005
| | Posted on Wednesday, August 01, 2007 - 12:07 pm: | |
Well the least that they can do is give a little update as they did a month ago. Also, what happened to all of our Quicken workers to tell us some more of the rumors or some concrete info. |
Jelk
Member
Username: Jelk
Post Number: 4518
Registered: 10-2003
| | Posted on Wednesday, August 01, 2007 - 12:08 pm: | |
quote:Well the least that they can do is give a little update as they did a month ago.
Why or otherwise you won't let them move downtown? |
Rbdetsport
Member
Username: Rbdetsport
Post Number: 359
Registered: 11-2005
| | Posted on Wednesday, August 01, 2007 - 12:09 pm: | |
Oh, and technically it would be 3 sports owners. With Karmanos and his Carolina Hurricanes.
(Message edited by rbdetsport on August 01, 2007) |
Thejesus
Member
Username: Thejesus
Post Number: 1727
Registered: 06-2006
| | Posted on Wednesday, August 01, 2007 - 12:09 pm: | |
"Why or otherwise you won't let them move downtown?"
lol |
Jt1
Member
Username: Jt1
Post Number: 9672
Registered: 10-2003
| | Posted on Wednesday, August 01, 2007 - 12:10 pm: | |
quote:Well the least that they can do is give a little update as they did a month ago.
Or they can spend time assessing how the market and the mortgage situation will effect their business.
I am hoping as much as anyone else they move downtown but they do have a business to run in a time that is very trying in their industry. |
Thejesus
Member
Username: Thejesus
Post Number: 1728
Registered: 06-2006
| | Posted on Wednesday, August 01, 2007 - 12:15 pm: | |
Also, if the deal is not finalized, like if they are still trying to work out the tax credits and such, announcing their intention to move downtown before the deal is finalized would only hurt their bargaining position... |
Jt1
Member
Username: Jt1
Post Number: 9673
Registered: 10-2003
| | Posted on Wednesday, August 01, 2007 - 12:18 pm: | |
Vert true as well. |
Detroitrulez
Member
Username: Detroitrulez
Post Number: 319
Registered: 12-2006
| | Posted on Wednesday, August 01, 2007 - 3:04 pm: | |
I just threw up in my mouth a little while thinking of Quicken's impending big move.
But it's a good taste for once!
I am printing up "I [heart] DAN GILBERT" t-shirts. |
Ffdfd
Member
Username: Ffdfd
Post Number: 121
Registered: 09-2006
| | Posted on Wednesday, August 01, 2007 - 3:18 pm: | |
I'm getting a Fathead of Gilbert for my bedroom wall. |
Detroitrulez
Member
Username: Detroitrulez
Post Number: 320
Registered: 12-2006
| | Posted on Wednesday, August 01, 2007 - 3:27 pm: | |
Good call, that. Do you buy those online?
I'm going to be like the Jack Black character in Bob Roberts.....following Dan around everywhere with totally unnerving yet slavish adulation. He won't let us down. He just CAN'T. |
Gistok
Member
Username: Gistok
Post Number: 5001
Registered: 08-2004
| | Posted on Wednesday, August 01, 2007 - 3:36 pm: | |
Nice use of very subtle sarcasm Detroitrulez, but you're starting to make others throw up as well...  |
Caseyc
Member
Username: Caseyc
Post Number: 3
Registered: 07-2007
| | Posted on Wednesday, August 01, 2007 - 3:50 pm: | |
650+ posts in a thread....with precious little in the way of facts, but lots and lots of rumours and speculative innuendo. Hall of Fame material. |
Scs100
Member
Username: Scs100
Post Number: 1297
Registered: 12-2006
| | Posted on Wednesday, August 01, 2007 - 3:54 pm: | |
I think you can rule out the David Whitney building. I will describe that in another thread. |
Gistok
Member
Username: Gistok
Post Number: 5002
Registered: 08-2004
| | Posted on Wednesday, August 01, 2007 - 4:34 pm: | |
Sorry Scs100, but I'm sceptical about what that security guard told you on that other thread. If there was a non-Quicken related rehab of the David Whitney Building, then it would have already been announced in the newspapers. And $55 million seems like an awfully expensive rehab for a building that is still in great shape.
I would like to hear 3rdworldcity's comments on such a possibility. |
Scs100
Member
Username: Scs100
Post Number: 1301
Registered: 12-2006
| | Posted on Wednesday, August 01, 2007 - 4:39 pm: | |
Can't blame you. I don't know what to expect and I'm not totally sure about the truth of what he told me. |