financial crisis: Looking for the hook to sell your home?
- 11/14/08 07:48 AM
If you are a seller, of course you are looking for that hook that will pull in qualified buyers. That is why you hire a real estate agent to market your home. That is why you want a solid marketing program... you want to make YOUR home stand out. I just had lunch with one of my mortgage brokers. We have a plan. He has $1,000,000,000 in capital available that is looking for mortgages. Yep, $1billion in program money. It is money that is looking for buyers. I know that you've heard about the credit crunch, it is on all of … (6 comments)
financial crisis: Have you been left wondering how we've gotten here?
- 10/25/08 02:45 PM
There are so many things going on in the world of finance right now. I know that you are hearing about things like: Mark to Market Credit Market Freeze Derivatives Sub-Prime Mortgage Meltdown Mortgage Backed Securities (MBS) And there are a hundred more... I can't explain each of these in depth, but they are some of the things that NEED to be understood in order to know how we got to this point where the banks aren't willing to loan money to each other even overnight. The path that we took to get here, in part, goes back to an … (5 comments)
financial crisis: Got money to lend...
- 10/25/08 02:31 PM
I was talking with one of my mortgage brokers today... We are planning on doing a few podcasts, and he is a pretty cool guy, so we like to jabber every once in a while anyway. But there were a couple of things that Ken said to me as I was wandering around the store looking for birthday presents for a 4 year old and a 2 year old. Lane, I have money here and I can't find anyone to take it... I'm watching the news, and I'm reading about the real estate markets and the "credit crisis"... and from that … (0 comments)
financial crisis: The ultimate income redistribution...
- 10/17/08 07:59 AM
On a couple of my recent politically focused blog posts, there have been a couple of writers that have decided it was the time and place to talk about distribution of wealth and using personal tax policy to create balance. Of course, the problem was that NEITHER of these posts were about personal income taxes and their role in "appropriately" distributing wealth. I deleted one of the comments since it was so completely off subject it just wasn't worth keeping... But I am a fair guy... So, here you go. There are going to be some ground rules. Be ready … (24 comments)
financial crisis: The way it will go down...
- 10/15/08 05:24 AM
These are my predictions for the next few years... Obama is likely to be the next President. He is only going to serve one term. The race will tighten, but it won't come down to just one state like the last few elections. McCain only have about a 1 in 5 chance of winning the election. The popular vote will be in the 49-48-3 (the also rans) range. Obama will announce that the country has spoken and this is the solid signal that the country needs a change. The media won't speak up and declare that Obama only barely cleared half … (16 comments)
financial crisis: What Caused Our Economic Crisis?
- 10/14/08 02:16 PM
Under 11 minutes. Give yourself just under 11 minutes. I get asked every day and many times, what caused our Economic Crisis, this video does a great job of answering that questions, Watch this video in its entirety. http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487 FYI I'm not taking sides but it makes you think. Scott … (2 comments)
financial crisis: That's why we play the game...
- 10/11/08 04:06 PM
I am hearing a score of different opinions about how this rescue or that bailout is going to affect the credit market, stock market or housing market. Seldom do the agree... most float to the extremes: It won't have an effect at all, it is wasted money If we don't, the world will crash down around us And yet, here we sit on a VERY down Dow (could turn tomorrow) and a still frozen credit market. Of course, the programs take a little time (at least the proponents tell us that) to get rolling. But, the point is that the stock … (5 comments)
financial crisis: Chicago Sheriff Refusing to do Foreclosure Evictions
- 10/08/08 07:59 AM
This is from the AP. Residents of foreclosed properties in Chicago and other parts of Cook County don't have to worry about deputies forcing them out. Sheriff Tom Dart says that starting Thursday his office won't take part in evictions. Here is a link to the story. on the face of it, I am offended that the Sheriff in Cook County is refusing to do his job. And that is specifically and exactly what is going on here. I'm sure it isn't fun... and I have accompanied Sheriff's Deputies on a Foreclosure Eviction... but that is not the point. The point … (16 comments)
financial crisis: Just a few political videos...
- 09/25/08 03:13 PM
I just couldn't help myself. After seeing the polls, and the reports... and knowing that so much is missing from much of the coverage...
The videos all together take about 10 minutes. And as a collection, they are pretty powerful. Do they say that McCain did everything that possibly could have been done? No, I'm sure that he could have introduces another bill in the Senate. I'm sure that he could have pressed harder. The point is to simply state... emphatically... that the GOP introduced legislation to try to reign in Fannie and Freddie. The President also tried to stop … (12 comments)
financial crisis: Leadership or Followship?
- 09/25/08 03:38 AM
The events of the last 24 hours are pretty interesting. If you have sworn off news because you don't want your optimism bubble popped, this is a little of what has happened... John McCain has suspended campaigning and fund-raising in order to concentrate on the financial crisis from the halls of the Senate. He also asked that Obama agree with him to delay the first debate for a couple of days so that both of them could be in DC rather than Mississippi prepping for a debate. Obama and McCain also issues a joint release regarding the financial crisis and points … (2 comments)
financial crisis: Mark to Market... know that term.
- 09/23/08 04:10 AM
There is a term that is going to become to new buzz in the current Wall Street crisis... and it is... Mark-to-Market Simply put, it is the the valuation of assets that a particular institution holds. Let's say that a bank holds 1,000 shares of a stock called PU, and the per share price is $13.666. It would be quite obvious that the asset is worth $13,666. It makes absolute sense. The banks SHOULD know the value of the assets that they hold. But there are some questions in Mudville... Real estate. The same rules are supposed to apply to real … (9 comments)
If you are a seller, of course you are looking for that hook that will pull in qualified buyers. That is why you hire a real estate agent to market your home. That is why you want a solid marketing program... you want to make YOUR home stand out. I just had lunch with one of my mortgage brokers. We have a plan. He has $1,000,000,000 in capital available that is looking for mortgages. Yep, $1billion in program money. It is money that is looking for buyers. I know that you've heard about the credit crunch, it is on all of … (6 comments)
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