“Almost everyone approaches real estate investing with the same point of view. They try to convince themselves that they’ll make a ton of money quickly, without any risk whatsoever. You’ve seen many of those people profiled on evening news shows or in newspaper articles. They’re the ones [...]
“First they had the housing boom. Then they had the foreclosure boom. And that, it seems, has lead to a boom in arson.” — John Stepek
Blogger’s note: John Stepek of UK’s MoneyWeek had some great insight on the housing bubble. He told readers of his free email Money Morning UK [...]
“So who - or what - is to blame for what’s being called the greatest financial crisis since the Great Depression? Strangely it’s all tied back to not only derivatives… but also the currency markets. Or more specifically, the carry trade.” — Jack Crooks
Blogger’s note: Jack Crooks sent [...]
Tags: carry trade, citigroup, credit crunch, currency, dervatives, fannie mae, fnm, foreclosure, subprime, UBS, yen
“It may not appear to be a major problem for those of us that pay our debts in full every month, but psychologists have found a major link between spending real cash and budgeting. The more we put on a credit card, the less our brain registers the true amount of the expenditure.” - Andrew [...]
"With foreclosures soaring, there's rarely been a better opportunity to buy quality properties at steep discounts - and have owners thank you for getting them off the hook" — Marko Rubel
by Marko Rubel, Early to Rise
Baltimore – (TFN): When done right, foreclosure investing can be one of the most [...]
"The more catastrophic scenario is one where asset prices hold steady or even resume their ascent, while consumer goods prices rise even faster. This of course is the hyper-inflation scenario, and is the worst possible outcome." — Peter Schiff
by Peter Schiff
Baltimore —(TFN): Among those rational enough to perceive the looming economic downturn, a heated debate has arisen [...]
Tags: ARM, Bush bail-out, CNN, dr doom, finance, Financial, foreclosure, loan freeze, mortgage crisis, peter schiff, property crisis, Real Estate
"Lenders will be on the hook for more losses than had the foreclosures taken place sooner. Of course, as these chickens will likely come home to roost after the next election, that’s a trade-off incumbent politicians will happily make." — Peter Schiff
by Peter Schiff, TFN
Baltimore — (TFN): Without question, the Bush administration’s mortgage rescue [...]
Tags: ARM, Bush bail-out, CNN, dr doom, finance, Financial, foreclosure, loan freeze, mortgage crisis, peter schiff, property crisis, Real Estate