aby1366

Sacramento, California: Reaching Prices Where There is Demand

It is possible to see some housing markets still go down. All the better for long term investment, I guess.

The Shedlock-Schiff Affair: A Chronicle

Oh well--so it is back to the bucket for us.
Look, whoever got there first doesn't matter-if one can get a portfolio to work in these weird times of ours, all the better for them.
Now let us get on with the work and figure out how this can be done for others ---hmmm?

Scary Foreclosure Numbers, Scarier Prospects

What goes up must come down---back to normal.

Coming Soon: The Zombie Condos That Ate New York

It is actually easier to eat that stuff than to keep piling on the silliness...

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Can we find other reasons to work besides money? All we have become are a bunch of lazy, comfortable people who have no identity outside of their work. Or wallets...
We better start revisioning what work is about or there won't be any manufacturing in N.Am at all....

The Housing Solution No One Wants to Hear

After doing the bankrupt thing I discovered that I could put away up to 25% of my monthly income into savings. This beats ANY loan, credit or home equity schmear to shame.
Maybe a school program on how to save might be better. Would save a whole lot of headaches,no?

CBRE: All That Real Estate Money Out There Waiting...

KAIMU may be right as far as what they are supposed to say, after all it is their bloody necks on the line....

The Right Way to Encourage Home Ownership

Home ownership is a privilege, not a right. It shows that you saved money for a downpayment as well as laid in enough savings to get you started on the responsibilities of owning your new home. Myself, I would like to see a savings rate that even comes close to 5% let alone anything else.
First do the savings, then calculate all the bills therefrom in buying the house then think downpayment+25% of that downpayment/year for maintenence costs etc. Then you might be on a more secure footing.

Can the Market Go to Zero?

If a zero state does occur then one could bet no market would exist due to a panic environment. Who could trust anyone in that climate?

Jeremy Grantham: Stocks Still Aren't Cheap

A question that should be asked would have to entail qualifications as we now have top tier advisors who plainly did not even understand the derivitives they were playing with,for pete's sake, never mind the rip off bonuses they get(got). I was thinking of getting into advising as a career but if the regulators are so flapdoodle as they appear to be then why bother?

Mortgages and Lending In The Subprime Meltdown [Housing Tracker]

If there is high homeownership in MI then maybe like CA and everyone else the tiny shoebox apartments (do they have any left i wonder) may become the new HOME...

CIBC Deal Suggests Lack of Confindence

With above one year lag we could see at least a 5 yr drag on our economy. Maybe not as deep but....

Market Safe Havens Rapidly Dwindling

Ahhhh...but how have the Swiss banks fared? The swiss franc may be a good bet for now but for how long?

Why Lehman's Collapse Made Me Thankful

Yes & still has a roof over you&yours heads. Hang on to them...