Archive for the ‘Real Estate’ Category

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

But, Will The New Law Work? »

This morning President Bush signed into law the American Rescue and Foreclosure Prevention Act of 2008 – our Government's attempt to address the housing and credit crisis. The centerpiece of the new law is a $300 billion authorization to the Federal Housing Authority (FHA) to guarantee new first mortgage loans if and when: (i) an existing

A Real Solid Suggestion – If I Do Say So Myself »

It is really tough to be a real estate commentator these days. I have been writing about real estate issues for almost thirty years and rarely have I experienced periods of such turmoil and chaos: 1. A magnitude of housing price declines unlike anything we have seen since the Great Depression. (more...)

Facts You Need To Know »

The Market: Needless to say, the residential real estate market has gotten a tremendous amount of press lately. After a decade of rising prices, the media began to ask (over and over and over) whether price increases could continue, and eventually created anxiety in the minds of buyers. As a result, a self-fulfilling prophecy: sales got sluggish

Profit From Condotels? »

If you are interested in real estate entrepreneuring, you need to understand how entrepreneurs have created wealth by buying wholesale and selling retail. The most obvious example is the condo-conversion phenomenon whereby a property is purchased wholesale (one apartment complex) and then sold off in parts at retail (individual condominium

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