collapse: Global Economy: Reaching For New Lows - 10/08/08 09:11 AM
This is not the bottom. I repeat, this is not the bottom.
Why?
Simple, we are not yet doing the right things. When I say we I mean people. We are doing, in many senses, the same things we did to cause the last two major panics. The only difference this … (8 comments)
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collapse: B of A starts Whacking Top Countrywide Mortgage Executives.... - 09/23/08 10:11 PM
The National Mortgage News reported today the following:
Bank of America late Monday fired Drew Gissinger, a top production executive at Countrywide Home Loans who was in charge of retail, wholesale, and correspondent lending, according to company officials. Also let go were: Brian Hale, president of retail; Charlie Rogers, managing director … (9 comments)
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collapse: The fleecing of the American Tax Payer- The worst in our American History - 09/20/08 01:01 AM
POLITICIANS HIT BOTTOM
History tells us again and again how money influences the politician. We are witnessing the results of years and years of pocket lining to our politicians from Fannie Mae, Freddie Mac and other "money houses". The chickens have come home to roost.
If you think "your" political party … (2 comments)
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collapse: Phoenix Real Estate Blog: More Woes in the Mortgage Market - 07/16/08 07:13 PM
Last Friday the Office of Thrift Supervision (OTS) – which regulates some U.S. banks – stepped in and closed IndyMac Bank, putting the FDIC in charge of operations. Regulators estimate the move will cost taxpayers $4-8 billion.
IndyMac is the second-largest U.S. bank to collapse (it had $32.01 billion in … (0 comments)
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collapse: The importance of proper deck construction - 04/13/08 07:13 AM
The importance of proper deck construction
Recent TN deck collapse - Link
Recent SC deck accident - Link
Many consumers and home owners don't think it will ever happen to them. When you think about it, most decks aren't used on an everyday basis. But it only takes that one 4th … (2 comments)
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collapse: Another fine example of neglect... - 03/31/08 08:37 AM
Alright, I've been sharing photos of properties that have succome to heavy snow. All of the properties thus far have already caved, but the only damage has been to the homeowner's property. Not the case this time, because if this FLAT ROOF collapses, shoppers could be crushed.
This is a local Strip … (2 comments)
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collapse: Where are the 'savings' in this? - 03/30/08 05:17 PM
I've recently been explaining in my blog how Gilliam Appraisal Services has expanded to include vacant asset protection. Since most of Maine is now in 'damage assessment' mode from snow and ice loads, I thought I would share some photos. These are of properties that haven't been maintained.
This property had … (2 comments)
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collapse: Crane Collapse in NYC - 03/17/08 09:04 PM
I would like to ask everyone to keep the victims of the recent NYC crane collapse in your prayers. It appears that most where construction workers and a few residents/visiters that where in the adjacent buildings that where crushed. This is a Huge tragedy, one that will be scrutinized, criticized, analyzed, investigated, inspected and … (7 comments)
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collapse: Responsible Journalism - The Greatest Oxymoron of All Times - 03/08/08 10:20 AM
I was ridiculed by a band of buffoons when I dared insinuate the media caused the majority of the problem in the mortgage and housing market. That was last year when I said in a video tape that prior to September or 2006 there was"no mortgage crisis" and that the crisis … (11 comments)
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collapse: I Have Been Compared To A Holocaust Denier - 01/09/08 01:48 PM
Anonymously, of course. The email says, "I understand your desire to spin positive the effects of negative media and attacks on you personally from the blogosphere but that doesn't change the fact that your industry is in the crapper and the rest of the economy is rapidly eroding. We are racing … (13 comments)
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collapse: Las Vegas Real Estate Market Has Collapsed - Massive Foreclosures: The Bubble She Has Burst - 12/31/07 01:00 AM
Not more than three-years ago folks were putting their deposits down and getting onto 18-month waiting lists to buy new track homes as Las Vegas became the fastest growing real estate market in the country. Unfortunately, now things are a bit different. Sure people from California are moving out into the … (0 comments)
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collapse: Here We Go ... Round And Round - 11/20/07 10:04 PM
Remember how a few months ago before all this mess really got cranking I wrote that the constant berating from the masses saying banks and lenders were keeping the little man down by not providing mortgages for them? Then the media picked up on it and started hammering the media, stirring … (4 comments)
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collapse: Ready for Turkey Talk Thursday? "How's Biz? I Hear The Market Crashed ..." - 11/20/07 09:20 PM
Ready to answer those questions? Uncle Joe will ask, so will cousin Mary. You'll likely get to address the sub-groups and the full group at least once.
What will you say?
Now I'm not suggesting you will be facing the Great Inquisition but your family may be looking for some re-assurance and some … (7 comments)
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collapse: Dear Media: I Refuse To Go Quietly - 10/26/07 02:12 PM
Quite frankly friends I am not going to hush. I am not going to stop telling you that Clark Howard is a horse's ass when it comes to knowledge about real estate and mortgages. I am not going to cease beating the drum that global negativity on the part of the … (4 comments)
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collapse: Deck attachment defects by an Everett Home Inspector. - 10/25/07 01:20 PM
Most people do not know that their decks are improperly attached, when I find the defect during a home inspection. They assume that since they bought the house new, the code compliance officer should have made sure the builder installed it right. Seems logical, but the reality is that many details … (3 comments)
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collapse: RealtyTrac Foreclosure Data Overstated By Twenty Percent? Major Problem! - 10/15/07 01:54 PM
RealtyTrac has become a "go to" source for national and international journalists. Millions of people depend on their data to be accurate and factual. Yes, that should be a redundancy but allegedly there is an integrity issue. The Atlanta Journal & Constitution decided to do a little investigation on their own … (2 comments)
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collapse: "Only When We Are No Longer Afraid Do We Begin To Live" - Thompson - 09/13/07 08:07 PM
It is easy to take control of a person, or a country, when they are weakened by fear. From the sound of my phone and from reading ML Implode I would say at least our industry is somewhat paralyzed by fear. Oddly enough when our phone rings we are still able … (2 comments)
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collapse: Three Point Video Blog (Still Hammering The Media) - 08/25/07 08:30 AM
Once I found out we could link a video blog here (thanks to Bryant Tutas and his "I'm Gonna Sell A House Today") you all now get to hear my southern accent and see me pounding the podium about the condition of our great industry. If you have any complaints please … (4 comments)
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collapse: Watch the Minneapolis Bridge Collapse - 08/02/07 01:49 PM
… (0 comments)
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collapse: Compared to the Bridge Collapse, My Problems are NOTHING! - 08/02/07 01:04 PM
My prayers are going out to the survivors and families of the bridge crash!
This was my worst week in real estate ever, but an event like this really makes me put things in perspective. I hope that their lives can be put back together soon.
There are problems and there are … (4 comments)
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collapse: Interstate 35W Bridge Collapse in Minneapolis Minnesota - 08/02/07 01:36 AM
My thoughts and prayers go to out to all of the victims, their families, the Red Cross, good Samaritans, emergency 1st responders, fire, police, and medical professionals who are involved in this catastrophe. Kudos to all.
The staff of the Red Cross Twin Cities and Hennepin County Medical Center have been excellent. If you'd like to … (0 comments)
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collapse: Minneapolis Bridge Collapse, Updated May 25th, 2008, Minnesota I-35W - 08/02/07 12:43 AM
Its been almost a year and I can't believe how quickly the new bridge is going up. Our Legislature has also approved a fund to help the victims of the collapse.
This week, the media is covering the release of a report which was conducted for the Minnesota State Legislatureby a … (13 comments)
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collapse: Another Subprime Lender Bites it - ResMae was the 21st biggest - 02/23/07 01:10 PM
ResMae is the 3rd major Subprime lender to go bankrupt in the last 2 months. Not only will it's investors lose a lot of money, but its impact on communities I believe will be concentracted to poorer communities, outlying communities, hispanic and african-american communities, non-english speaking communities. Places like: Stockton, Fresno, … (0 comments)
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