You would think that before people make the largest financial decision in their lives, they would do a monthly budget first. Yet during this past decade budgets were hardly brought to the forefront and were pushed to the back of any financial decisions. The new definition of housing affordability should include the idea of maintaining […]
Foreclosure Cassandra: The Tangled Housing Web: Looking the Other way While Mortgage Fraud runs Rampant.
Today a reader sent in a link to an article that was published in the Fort Worth Weekly regarding predatory lending and how Americans are being put in the poor house. Does this story sound familiar? For all the rhetoric about people not seeing this crisis coming there has now been a release that the […]
There have been many theories floating around the financial press that the world markets are now independent and that having a global depression like times in the past was highly unlikely. For the most part, since the credit crisis took on a full head of steam in August of 2007 most world markets are falling […]
The idea of a housing bottom is intriguing. First, we need to put the entire housing rise to fame in perspective. Housing has never declined on a year over year basis since the Great Depression (that is until this current housing market). That is an astonishing accomplishment in itself and it is easy to understand […]
How to Invest Wisely and Diversify: 3 Current Economic Issues. Gold, World Currency Reserves, and World Housing Bubbles.
I’ve done my best to remain diversified. I don’t mean simply having 10% in a global mutual fund, 20% in a small-cap fund, 40% in a blue chip fund, and 30% in bonds. You can rearrange the numbers a bit but there is this intense belief bordering on religion that by having your money in […]
Shadow Housing Inventory: Getting an Actual Housing Picture of California Foreclosures and REO Numbers.
I’ve been seeing many articles asserting that currently the housing numbers for states like California are not reflecting the actual housing inventory on the market. Many of the articles argue that lenders through the process of taking back properties via auction are holding off on putting properties onto the Multiple Listing Service (MLS). As I […]
Housing: Google Maps, Redfin, and Zillow: How Information Fueled the Housing Bubble and is changing the Real Estate Industry
Information is true power. The idea that only certain experts can explain economic phenomena is falling by the wayside. What has occurred over the past few years is a rapid shift in how people digest their information. In the housing sector, information is absolutely vital. Not only is information important but having accurate information. You […]