real estate: What Do Billionaires Know That You Don't?
- 01/07/13 04:15 AM
According to an article in MoneyNews.com "a handful of billionaires are quietly dumping their American stocks . . . and fast." Billionaires don't make that kind of money by making mistakes. So what do they know that most others don't? More importantly what does it mean? Warren Buffet's "Berkshire Hathaway sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel." "Billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. … (0 comments)
real estate: Agency Disclosure - Baby Boomers vs Gen X
- 11/12/12 01:56 AM
Being born in the 70's I grew up as part of Generation X. My parents on the other hand are members of the Baby Boom generation. It amazes me how much things have changed between a single generation. My parents bought their first and only home in the 70's. They were in their early 30's. They bought it with owner financing. I bought my first of many homes at age 22 with a hard money loan then refinanced into a 30 year fixed rate mortgage. But the biggest suprise to me was the agency laws back then.
When my parents … (1 comments)
real estate: NY State... Worst State for Foreclosures?
- 01/19/12 09:01 AM
I've been reading some very misleading articles lately about the current condition of the Real Estate market in NY. Many articles are misleading readers. I'd like to acknowledge Brandon Moore, CEO of REaltyTrac for his clear understanding of the statistics and giving an honest and clear picture of our current market conditions. Although the number of foreclosure filings was down in 2011 compared to 2010, those figures are misleading. The truth is the average foreclosure in the fourth quarter of 2011 took over 33 months, that's almost 3 years. And that's the problem, because the process has been extended and in some instances, stalled completely, we've seen a short term decrease, … (0 comments)
Poughkeepsie, Dutchess County - ATTENTION BUYERS!The Federal Home Buying Credit has expired, but this seller feels you still deserve it. So he's going to give you $11,000 towards your closing costs! This fine home has freshly painted interior and exterior as well as refinished hardwood floors. This home offers stainless appliances, covered entry, covered rear porch, fenced-in back yard, seasonal views of the river, and two additional rooms in the attic for storage. All this in walking distance to the train, hospital and river front! Hurry, before it's … (1 comments)
real estate: Tax Credit Closing Deadline Extended - Will this help?
- 07/03/10 02:49 PM
Congress has passed a bill extending the Homebuyer Tax Credit closing deadline to September 30, 2010. The extension applies only to transactions that had ratified contracts in place as of April 30, 2010, and have not yet closed. There will be no gap between June 30 and the date the President signs the bill into law. The question is will this matter... the answer? Not really. Yes this will help those buyers that met the April 30th deadline but are having a difficult time closing. This is a good thing. But since a buyer already had to be in contract, this will … (2 comments)
real estate: How is Health Care Related to Real Estate?
- 03/30/10 04:36 AM
The new Health Care legislation has been a very hot topic lately. Regardless of which side of the fence you fall on, it's important to know how this legislation will affect you individually. Unfortunately this is easier said than done, even the Politicians that voted it into law don't know the in's and outs of this legislation. I believe it was Nancy Pelosi that said "We have to pass this bill so you can find out what's in it" .... really, is that the best way to create law? Since this isn't a political blog I'll leave that one for the Pundits. We all … (1 comments)
I've been saying this since the White House requested this back in January. I've seen articles in the Investors Bussiness Daily & the Wall Street Journal mention it, but no one else seems to be discussing it. WHY..... THE FORECLOSURE MORITORIUM The Foreclosure Moritorium didn't end until March 2009. That means all foreclosures stopped dead in their tracks and no new foreclosures began. In my state (NY) it takes approximately 13 months to complete the process. That puts us into early/mid 2010 before all the back log hits the market. How can I put … (2 comments)
According to an article in MoneyNews.com "a handful of billionaires are quietly dumping their American stocks . . . and fast." 
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