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 [...]
One of the most stressful events in life has to be losing a home. Not losing a home through a disaster but losing it through a foreclosure. The foreclosure process is a long drawn out drama that can put undue stress on a family’s financial bottom line. Home to most people means a place over [...]
Learning to become wealthy is hard enough during good economic times. It may feel downright impossible when the economy hits a slump. It is a fascinating case study the past decade we have lived in. The concept of “money” and “wealth” and “debt” have all been used interchangeably. I think this is a common misconception [...]
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Most Americans would probably agree that housing and the credit crisis is the number one issue. Even though many are seeing fuel as the major story of the day, ultimately the most expensive line item for most Americans is housing. Not only does it create the largest monthly outflow, it is also the single biggest [...]
It really isn’t news that the overall housing market is facing tough times. What may be news to you is that there is a booming segment in the real estate industry. Public storage. With the current housing problems many people are looking for temporary storage of household items during moving, selling, or unfortunately foreclosures. The [...]
I love gimmicks. It didn’t take long before a tool was available for people to see if they qualify for a FHA loan. Since the new housing bailout bill has been signed into law, the new rage is FHA loans. People are now gearing up for the purchase of that new McMansion.
What if I told you that you can live well in California with an income of less than $50,000 a year? A budget of this kind is not some sort of financial bait and switch but a realistic budget that many frugal people use on a daily basis. California has one of the highest costs [...]