Posts
Principles of the game »
Many people have asked me for an outline of the keys to success with real estate investing. That is of course tough (which is why I wrote a 250-page book) but here is generally what I say: (more...)
August, 2008
Fallout From the Housing Crisis »
Yesterday's New York Times [August 13, 2008] reported that the funnel of investor money into United States consumer loans and related products is very sticky, if not entirely stuck. In "Mechanism for Credit is Still Stuck," Vikas Bajaj reports that: "A year after financial tremors first shook Wall Street, a crucial artery of modern money
Five Reasons Why I Think the Housing Bust Ends in 2008 »
It is hard not to get dispirited by data from the housing world. The national median housing price is down an unprecedented 16% from the second quarter of 2006 through the 1st Quarter of 2008. Not since the Great Depression have we seen declines of this magnitude. (more...)
Piling on Angelo Mozilo??? »
Angelo Mozilo, CEO and founder of Countrywide Financial, is probably in for a bad year. Among his other worries, he has just been sued by the State of Illinois, which was then joined by the State of California. I have not seen the Complaint (civil) but according to a New York Times article the Illinois Attorney General "asked that Mr. Mozilo
Persistence »
I have studied successful people my entire life, people who have achieved unusual levels of success in all endeavors: athletics, arts, business, journalism and politics. And in almost all cases the one point of differentiation between the achievers and those who fall short is their willingness to keep getting up off the ground – no matter how