Investors get fingered for their role in shaking the market... - 08/30/07 01:46 PM
There's an element of the American psyche dictates that for any event a specific cause has to be identified – and even better if that cause can be pinned on particular actor. Accountability is a important, but unfortunately it often segues into a “who’s to blame?” attitude.
Case in point: as the sub-prime market melts down and prices slip sideways (or worse) who's to blame?  How about real estate investors and speculators?  Read more...
… (3 comments)

Investors :: historic drop in the national median house price, what does it mean to you? - 08/26/07 07:51 PM
I have previously written how there has never been a national correction in the U.S. real estate market. Well what we’re looking at now is not exactly a national correction, but it is a noteworthy occurrence nonetheless: we’re marking the first year-on-year national  decline in median home prices since governmental housing agencies started keeping statistics on pricing.
The reason that this doesn’t necessarily represent a national correction is that even though the national median is down, there remain some regional markets that have continued to rise. As investors we know this and we’re watching our local markets.
The New York Times comments about … (19 comments)

After all, real estate investing is all about money... - 08/10/07 11:14 AM
As an investor I spend a lot of time thinking about money, and I've found that my my ideas about the topic have shifted over time. Money, in my opinion, isn't the key to happiness.  However, being overwhelmed by it (or the lack of it, as the case may be) can very well be a key to unhappiness. In terms of importance you can compare money to oxygen: having lots and lots of it won’t necessarily make you happy, but when you don’t have enough it’s hard to think about anything else.
The concept of hedonism, in modern usage, is often associated with vice … (3 comments)

Real Estate Investors :: Time to buy? Ask yourself this question... - 08/02/07 02:07 PM
So, what do we do now…?
I've written posts on the folly of forecasting. A current case in point is the diverse buffet of predictions for the housing market, each one served up by an highly qualified expert running a complicated economic model.  Try Peter Schiff of Euro Pacific Capital who is predicting a fifty percent collapse in some overpriced markets. A bit more optimistic? Try out David Wyss from Standard and Poor’s who is predicting for a more modest 8% drop.  Or if you’re really in the market to buy then the expert you want to listen to is Lawrence Yun, … (5 comments)

 

Christopher Smith

Houston, TX

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