Mar 6th 2011 8:32AM Housing market will not bottom until 2014. When prices reach the 1998-2000 level. We are getting there. We are at 2003 level. If you buy one now, you will be upside down in 2-3 years by 10-35%. That is not as bad as it sounds. It was that way from 1987-88 until '90-92. Continue to rent. If you want to buy real estate buy a vacation home first. Many of those markets are holding up or not dropping as fast. If you walk 7 miles into the woods, you have to walk 7 miles to get out.
Dec 21st 2010 6:21PM They have trouble with those massive fullbacks that both Cleveland and Green Bay have. The game was unfolding just like the Cleveland game except this time Brady responded. Home field is important for NE. Now they need to get it.
Apr 30th 2010 8:05AM The Spurs are up for it. They are firing on all cylinders and should make it to the western conference championship series. If they can keep games under 100 pts. they might be able to actually reach the finals. That is the way the Celtics used to survive the Lakers in another century. Whatever happens, it will still be a great testament to what has been a great team the past decade. Time always gets us, but it's fun to watch someone cheat time, even if only for one season. GO SPURS.
Mar 12th 2010 1:34PM Real estate agents are middle men that insinuate themselves between a buyer and a seller. They have been able to do so because of their members only listing service, MLS. Today, the internet has eroded that power, but not eliminated or eradicated it completely. Sites like Trulia help a buyer do much of the simple "leg work", or sit down in front of a monitor work, that a realtor only once had access to. They would prefer to guide you to their own in listings first, before giving you access to all listings. The sites have aided sellers in reducing the commission paid from 6% to 5%, even 4% in some transactions and have aided buyers in gleaming information about what kind offer to make that is realistic. If cash is king, information is queen in any business. To do a real estate transaction all you need is a buyer, seller, lawyers representing each, and bankers when necessary representing the mortgages, past and future. The one you need the least is the realtor or his agent, yet they get paid the most. They should be "fee" based like everyone else in the room, if in the room at all, not "free basing" from the wallets of the buyers and sellers.
Feb 24th 2010 2:01PM I was at that Super Bowl. The best five minutes(the first) I ever had in my life! Run like the wind, Mosi.
Dec 8th 2009 2:17PM A few months back, I noticed that prices were moving up in the San Antonio Metro area, especially inside the loop 410 areas. I was kind of surprised because in Texas the rule used to be "new was better". Why buy a house that is ten years old when you can buy a brand new one a few miles down the road. It must be the traffic patterns. Texas sprawl can create massive traffic jams. Either that, or people just keep moving there. Also, it didn't look like much of a recession was happening there. Stores and restaurants were busy.
Dec 7th 2009 6:11PM There are countries all along the Mediterranean that are as religiously fundamentalist as any in the Islamic world. Italy is one of those countries. The religion may be different(Catholic) but it is as socially dominant as anything in the near or far east. The separation Americans are taught about in school is non-existent, not even promised. If you, or your off-spring plan on studying abroad, stick to the center of Europe, in bigger cities or smaller countries. When in Rome, be a Roman. Do not be a Frenchman. Whatever you do, do not be an open minded, open mouthed American.
Nov 24th 2009 8:29PM WMG is the poster child for where the market really is. When stocks dip below five dollars, I was taught to stay away. When Warner hit two dollars a share my head was screaming "jump on it". I was taught don't, it is just gambling. The stock hit six dollars, I was telling myself "what a fool". I was taught not to gamble, stick with fundamentals. Warner is fundamentally broken. It was and still is. So is the stock market. There was absolutely no rational reason for the run-up of Warner stock, NONE. Same with the market. It's as if it has all become just another casino on a river and WMG just another chip.
Nov 13th 2009 1:59PM Buy land, you might be able to grow something. What are you going to do with gold? Stare at it?
Nov 12th 2009 2:22AM Deflation is our present problem. The Fed is doing everything that is possible to inflate our economy. The bubbles in commodities and the stock market, combined with no interest loans from the Fed, are allowing the banks to attempt to earn their way out of the woods they wandered into. Will it work?