Marvin Clark's  Instablog

Marvin Clark
Send Message
Marvin R. Clark is the Managing Principal of Monsoon Wealth Management (MWM). Monsoon offers affluent individuals and business owners’ wealth management, economic, and market advice throughout America. Based in Scottsdale, Arizona, Monsoon’s major task is employing a macroeconomic top-down... More
My company:
Monsoon Wealth Management
My blog:
Fixed Income Daily
  • Is This a Sign of a Real Estate Market Bottom? 0 comments
    Feb 7, 2010 12:18 PM | about stocks: IYR, VNQ, ICF, RWR
    This headline over at the Wall Street Journal caught my eye:
    Mortgage Bankers Mum on How They Fixed Their Own Mortgage Woes
    Here is the salient paragraph of the story:
    On Friday, CoStar Group Inc., a provider of commercial real estate data, announced that it had agreed to buy the MBA’s 10-story headquarters building in Washington, D.C., for $41.3 million. The price is well below the $79 million the trade group says it paid for the glass-walled building in 2007, while it was still under construction. The price also falls short of the $75 million of financing that the MBA received from a group of banks led by PNC Financial Services Group Inc. for the purchase.”
    I’m not sure what to make of this. I would like your comments on following possibilities:

    a.      The MBA is lousy at arranging financing
    b.      They are running low on cash
    c.      They no longer believe in real estate as a long-term investment
    d.      This is the ultimate sign of capitulation at the market bottom
    e.      They’ve decided to seek Alpha elsewhere
    f.       None of the above 

    Disclosure: none
    Stocks: IYR, VNQ, ICF, RWR
Back To Marvin Clark's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Take a major long-term position in CVD Equipment Corporation (CVV). Graphene is the future.
    Aug 20, 2011
  • Have a Happy New Year! In January, we shall continue this conversation on exceeding beta.
    Dec 31, 2010
  • Investments to play in a bond bear market: DSXJ, BWZ, DSTJ, DTUS, DTYS, DLBS,
    Dec 11, 2010
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.