Aug 21 2008

Housing Bottom: Futures Market Puts a Bottom at May 2010 Nationally. 17% More to go.

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 why many wrestle with the idea that housing simply cannot go down for a long duration of time.  It is also the case that this mental archetype which is so ingrained in the psyche of the American public is creating a desire for finality or a bottom to the current housing problems.

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Aug 18 2008

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 different mutual funds you are really diversified. If this economic crisis is showing you anything, it is that across the board stocks can fall and fall hard.

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Aug 14 2008

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 discussed in an article highlighting the tools on the market, trying to get a general ballpark figure for the California market is rather simple and I think relying simply on one data source for all your information can be problematic.

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Aug 12 2008

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 need to remember how homes sold in the “old” days to have a perspective of why things got so out of hand so quickly.  Information was fuel for the housing bubble but on the flipside, will actually make the correction much slower.

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Aug 11 2008

Foreclosure Decision Tree Analysis: Thought Process of Many in Foreclosure.

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 your head and a place to set your roots.  Only until this past decade did as a nation, did we collectively get caught up in transforming a home into a speculative commodity.  Sure, we’ve had previous real estate bubbles in Florida, Boston, Los Angeles, or even Tokyo but nothing on a global scale like the one we are currently living in.

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Aug 8 2008

How to Become Wealthy: Redefining the Idea of Money in Hard Economic Times.

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 by many because the way the economic system has been setup and how rewards were given out.  When you think of money, what comes to mind?  Luxury cars?  Expensive yachts?  $1,000 bottles of wine?  Your psychological conditioning and association to money will normally bring up some of these visions in your mind.  For the large part, they are all wrong.

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Aug 7 2008

5 Solutions to Helping the Housing Market: Methods to get the Housing Market on the Right Track.

  • Posted by in foreclosure, housing
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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 asset for the majority of families.  Most view their home as a safety net and not necessarily as a speculative commodity.

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