economy: This is Getting Ugly – Coming Soon to a Builder Near You. - 06/14/09 08:48 AM
Anyone who lives in Maryland has probably read in the "Sun" and the "Aegis" about tragedy of Altieri Homes. 
Are they criminals?  Or victims of the economy.
Altieri Homes is based out of Columbia County.  They have been charged by Maryland's attorney general with taking deposits and payments from about 20 homebuyers in Howard and Harford counties without starting or finishing building the homes.
They have also been accused of failing to pay subcontractors, refunding customer's
 

 
deposits or advance payments.  Many other builders are facing the same thing, but this is the first I've heard of an attorney general getting … (4 comments)

economy: Fear of Failure Destroying this Country - 06/05/09 08:15 AM
A compelling lesson I learned from my then fifteen year old son in 2003.
After a particularly crushing career development meeting with his guidance counselor at school, My son Rich was visibly upset.
Richard is learning disabled with ADD and Ausberger's Syndrome.  He had spent his entire school career in Learning Support. 
In 2003, he made an appointment with his guidance counselor because he had a complaint about his teacher.  His teacher would not let him take Japanese, something he was very passionate about learning.
During this meeting, Rich was told by his guidance counselor that his reading wasn't good enough … (38 comments)

economy: It was HOT today . . . and So was I! - 06/01/09 04:32 PM
Since I am stuck down here at my mother's house for the next five days (away from my familiar real estate . . . Maryland), I have little to do but plan my week's activities for when I get back, watch the news (ugh) and catch up on Active Rain.  Both of the latter made me hot under the collar today and in Real Estate, you really have to stay bi-partisan . . . you know how hard that is for me?
1.  Formal Announcement that GM is filing bankruptcy and tax payers now own 60% of a failed company.  Why … (6 comments)

economy: Is the Media Creating Mayhem in the Real Estate Market - 05/17/09 03:07 PM
Media Mayhem in the Real Estate Market
 
"The real estate market is dead!" " We're in a depression!  This is horrible!"  " You may as well hang up your open house signs and pop your balloons because recovery is futile!"  "Things have never been this bad!"
Every time I turn on CNN, CBS or ABC News (Yes FOX, you are guilty too), you hear this mantra being repeated.  Not only is the real estate market writhing in its death throes, it is pulling the rest of the economy down with it.  The sky is falling, okay?  Now take your Prozac … (0 comments)

 

Bonnie Cox

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