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I’m going out on a limb here but I really do think when the dust settles and the hindsight clears this quarter will mark the start of the recession.
I had hopes it could be averted and I still have hopes it can be minimized but I am a realist.
When the Fed dropped the rates 50 [...] Read more »

Right now, there is no question I get asked more often than that one. I used to try to break it down and answer it by describing the fundamentals driving the many disconnected corrections around the country.
But, I grew tired of getting the confused hamster stare back at me. So, yesterday, I took a different [...] Read more »

Wait, I am serious with that question.
On most of the housing doom and gloom blogs like housingdoom.com, housingpanic.com and literally hundreds of others, you see the blog author as well as those posting comments say they are smarter to rent than to buy and buyers are stupid and landlords are idiots, etc.
Well, you get the [...] Read more »

Seems that more than a few hedge funds were betting against the sub-prime mortgage backed securities. I guess they forgot the options available to the underwriters…
http://www.realestatejournal.com/indinvestor/20070608-kelly.html
http://www.realestatejournal.com/indinvestor/20070613-kelly.html
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Okay, besides that whole comparison to used car salesmen and such. I’m not really talking about the image, I’m talking about the reality.
Yesterday, I was talking to someone in a casual setting in a public place. They asked what I did for a living and I told them. I didn’t mention investing at all in [...] Read more »

How do you measure the credibility of a site? By the quality and accuracy of its content of course! But, isn’t interpretation of that content important too?
I don’t think it is a secret to anyone that I’m dubious of much of the “chicken little” type of reporting about the current housing correction. I showed in [...] Read more »

I got a great email today.
Tim,
I was over at your favorite site today and one of the posts made me think. It was about why the housing industry uses median instead of average home prices when reporting market data. I got to thinking about that and the examples they give are pretty compelling and I’m [...] Read more »

Ever since I was pointed to Keith Brand’s blog I was puzzled and the more I looked into things the more puzzled I became.
He sold his condo in AZ near the peak of the market there, apparently to an investor from Chicago. It appears he still rents his old digs from that new owner. Ok, [...] Read more »

http://www.nydailynews.com/news/2007/05/19/2007-05-19_apartment_at_plaza_goes_for_a_big_sum_50.html
<sarcasm>Yep, the panic is setting in. </sarcasm>
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I have received a flood of emails from the contact pages where I offered those who really believe what Keith Brand at housingpanic.com spouts a way out of their pain.
Some have been details about houses they want to sell but the others have been really amazing sometimes.
Since I have spam controls in place here it [...] Read more »