Real Estate in the 21st Century
New ideas, comments and solutions to the problems facing the real estate industry, local communities and our country.
ARCHIVED BLOG POSTS
2010
2
Comments
President Obama said last night in his State of the Union speech that job creation would be job one for the year 2010. He pushed for banks to loan to small business, tax breaks, etc... the usual ploys for politic ans to make. But this morning, new jobless claims came in at around 480,000. Wit...
01/28/2010
With everyone interested in how our economy is doing, with all the conflicting information that is out there, maybe it is time to understand some basic economics. Here is my take on a number of matters. 1. The job market is not going to recover anytime soon. Numbers will get better from the go...
01/28/2010
This is from an email received today: FHA High Balance loans w/ 580 mid to county limit as much as $729,750 on 1 unit! We are a direct lender no middle guy's! FHA w/ scores down to 580 scores. Spot approvals still offered 203k Streamline programs (620 min.) We accept all FHA approved DPA progra...
01/27/2010
I read today that FHA was going after 20 or so institutions that supposedly had violated the new guidelines for FHA loans. The violations are usually against smaller investors and smaller banks. What is not being said is this. We have lost hundreds of smaller banks and financial institutions i...
01/26/2010
0
Comments
We all have heard about the terrorist that could have brought down a plane at Christmas, only to be foiled because the bomb didn't go off and the quick reactions of the passengers. The media went crazy, interviewing everybody, carting out their "experts" to tell us more than we really needed to ...
01/26/2010
1
Comments
Each morning Americans wake up to the morning rituals of preparing to go to work. I'm guessing that most have their TV on and are "catching up" on the overnight news. But what they see is worse than water boarding that Congress is so worried about. First off, we can start with the loud commerc...
01/26/2010
1
Comments
I was just visiting a friend to get some paperwork taken care of, something that could be done while watching TV. We were talking about the ball game or maybe work when his phone rang. I couldn't help but listen to the conversation since he was right beside me. It went like this. My Friend- ...
01/26/2010
Thanks to all that commented. Here is my 2nd installment of my blog, We are part of the problem, But won't admit it. I appreciate the many comments, and they all over the board. I would like to focus this installment on the replies that basically said that Realtors should not accept any fault o...
01/26/2010
0
Comments
Our country has existed for the last 50 years in a state of blatant consumerism. We spend more than we make, charge anything we want, and throw away the most items of any country in the world. We are in debt as a nation, as individuals and have little to show for it. It seems to have started ar...
01/22/2010
0
Comments
We have shed since 2008 about 6 million jobs. We have an unemployment rate of 10.2 nationally and in many areas it is much higher. Our government has spent trillions to stave off financial collapse. We didn't get any. Businesses have sent millions of jobs overseas and across the border. We bu...
01/22/2010
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