So the news comes that the bailout package has failed to pass the House with 133 Republicans and 95 Democrats voting nay. Well, at least it was a pretty bipartisan fail. I’m sure we will be treated to much sound and fury from the talking heads and the chattering class as to why, who’s to … Read more
If you are at all interested in the real estate industry, then you need to be reading Dan Green on a regular basis. I just met him at RE Blogworld, and have put his blog into my reader ASAP (and linked it here). Dan is brilliant, and understands the financial markets and mortgage markets better … Read more
According to the Zillow Blog, 1 in 7 American homeowners are now “underwater” on their mortgage. So the Zillowites ran a survey of 1300 homeowners. And found interesting answers: One question we asked was: Do you think homeowners who are currently facing foreclosure because they took out an adjustable rate mortgage or other loan that … Read more
In light of this atrocious story, it might be time to think about some new initiatives. (H/T: Zillow Blog) Not only is the bank owner losing any potential value in this property, but it will cost the bank an additional $10,000, “to pay $2,500 in sales commission and another $1,000 bonus for closing the $1 … Read more
Back in the day, I used to read the New York Times religiously. I mean, I lived in New York City, was young, and was making a lot of money. It’s what you do. It’s kinda like going to church on Sunday if you were a Puritan in the Massachusetts Bay Colony, or doing the … Read more
The NAR-DOJ settlement is the gift that keeps on giving. To a blogger at least. Well, to a blogger that happens to be interested in such an obscure and unimportant topic. 🙂 The latest piece of information is throwing me from confusion directly into bizarro-land. NAR released a “Special Report” in which it announced that … Read more
The NAR-DOJ Settlement is news outside of our little RE.net corner of the blogosphere. One of the grand poobahs of the blogosphere, Jeff Jarvis of Buzzmachine, exults in a post entitled, “Take That, 6 Percenters!”. Why, he’s positively leaping with joy: The monopolistic hold big real estate agents have had on information — on access … Read more
I’m seriously up to my eyeballs in my dayjob (plus, I have to go to my second job of raising two little boys under the age of three after my dayjob — this second job is a LOT HARDER than my dayjob, I have to say…) but I had to emerge and say a word … Read more
April 23rd is finally here. Happy Tax Freedom day to you all! -rsh