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“In the latest of many examples of the fraud that has infested the presidents stimulus plan is $1 million in spending cash for incarcerated murderers and rapists and a $15 million infusion for a seldom-used checkpoint in a remote Great Plains town with influential politicians. “
Merrill Lynch, Deutsche Bank Defer IPO Fees for REITs
“Bank of America Corp., Deutsche Bank AG and Credit Suisse Group AG are deferring underwriting fees for initial public offerings by mortgage-investment companies after buyers balked at the deals.”
“The hypocrisy of the media in giving a permanent platform for the same 95% of the professionals who got the biggest call in 75 years wrong is mind boggling. And then you have the nerve to elevate them to a status of honored observers once again when it was their blindness that was the cause of this mess in the first place.”
California property values fall for the first time in 76 years
” Tax officials reported Tuesday that total statewide property values fell by 2.4% in the latest fiscal year, the first such drop since California began keeping records 76 years ago in the depths of the Great Depression.”
“And there’s zero bold action and even less out of the box thinking involved in the life and times of Ben B. How nonsensical would you like it today? Ben Bernanke is nothing but an accountant who lacks any kind of vision and insight. Which suits the people who seated him on his throne just fine.”
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Ben Stein Loves Real Estate I'm a big fan of Ben Stein's books.I also read his column, How Not To Ruin Your Life. This weeks issue is about letting the non-financially savy spouse in on what to do after you pass away. But best of all, he professes his love for real estate!We're currently somewhat...... -
Commercial Real Estate Definitions #2: What in the World is GRM? Greetings from the handmade wig capital of the world.....Cedar Crest, NM! The Christmas season is over and I have added to my layer of fat in preparation for the lean times ahead of me (us). Yes....you may think I unintentionally overate like the rest of the U.S. population....but my...... -
The Morality Double Standard: My 2010 Strategic Default Prediction One Year Later In my 2010 financial market predictions, I predicted that strategic defaults (e.g. a homeowner stops making mortgage payments even though they can afford the payments, but feel they have made a bad investment) would be a small trend that continued to gain momentum. Follow up data from PBS Newshour suggests...... -
10 Worst Real Estate Markets In 2009 As I mentioned in a previous post, the real estate market hasn't hit bottom yet. According to an Article in Fortune Magazine, 8 of the top 10 worst real estate markets in 2009 are in California. The range of the predicted price decline is between 20 to 25%. 1. Los Angeles 2008 median house...... -
Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good......
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