Okay, I admit it. It probably isn’t good to let your blog sit for a year and a half without any new commentary. However, my thorough disgust with the real estate market in general left me only one option in keeping my sanity….. that was to disconnect, step [......Read More
To no surprise, today Bloomberg mentioned Tampa as one of the worst areas for home price declines in the nation. If this surprises you, you need to take your head out of the sand. I predicted at the beginning of 2007 that prices would need to come down in Tampa by 20% and [......Read More
Growing up we sometimes fall prey to the pressure of our peers. When I was in school I can recall the need to “be cool” or “fit in” really didn’t start until middle school. These days I find my six year old twins falling victim to pressure of the latest fad. But [......Read More
Want to invest in real estate but think there isn’t a safe place to make the jump? Think again! Some Denver metro areas are swarming with investment activity. Bad press and some of the highest foreclosure rates in the nation have pushed this area close enough to the bottom that investors are [......Read More
It’s a buyer’s market! That’s old news. Great deals are everywhere for buyers with money to put down and decent credit. Further, buyers are out there looking and even buying today. They aren’t sitting on the fence. Granted, there are fewer buyers than there were two years ago but that doesn’t [......Read More
For long time real estate investors the media hype about the sky falling in the housing sector can be equated to the latest news on the West Nile Virus or the latest shark attack on the beach during Labor day weekend. Sure somebody was seriously hurt or became very sick but the news really [......Read More
Bush’s subprime bailout (yes bailout) is not a surprise. He had to step in with his popularity at an all time low and the Republicans almost assured major losses at election time. At face value many are cheering his promise to help the little guy and applauding both his and Bernanke’s comments that [......Read More
And there you have it. We are going to allow the poor home owner that got in over their head to refinance their ARM to an FHA insured mortgage. Further, we are going to “suspend the tax liability that can take effect when borrowers lose their homes through short-sales, and when lenders forgive [......Read More
Did I call it or what? Sometimes I amaze myself! Bush will speak today at eleven to reveal talks of legislation in “the works” to help homeowners facing foreclosure. The chat in the rose garden will include mention of reforming the tax code to help troubled borrowers rework their loans. Isn’t [......Read More
If it looks like a duck and it quacks like a duck… its a duck. And if it looks like a bailout and quacks like a bailout….. its a bailout. I questioned a government bail when the Fed lowered the insignificant discount rate. Well, wouldn’t you know… a parallel to the Savings [......Read More
