Even if the markets have touched bottom, there’s still plenty that could go wrong. So don’t unfasten your seat belt just yet. By Jon Markman Big investors and government officials have pulled out all the stops in recent weeks to make it look like equity markets, and possibly the U.S. economy, hit rock bottom in early March in sync with the crash and sale of Bear Stearns. Yet new evidence suggests that credit markets, where…
Author: Dennis Fassett
I'm pleased to report that after multiple decades of hard-headed stubbornness, I've finally figured out that all work and no play makes Johnny a dull boy. So I've taken it upon myself to convert my wife and now adult(ish) kids into a roving band of merry adventurers.
From horseback riding in Monument Valley to ocean kayaking in Acadia - all of our exploits have earned the coveted "epic" label from the younguns.
I'll tell you about them - and also about the other "adventures" I'm having in my real estate investing business.
You can also find me over at DennisBuysHouses.com
And the Hits Just Keep Coming!
America‘s most miserable cities Add high rates of violent crime and unemployment to income taxes, commute times, weather and pollution and what do you get? Detroit. By Kurt Badenhausen, Forbes.com Imagine living in a city with the country’s highest violent-crime rate and second-highest unemployment rate. As an added kicker, you need more Superfund dollars allocated to your city to clean up toxic-waste sites than just about any other metropolitan area. Unfortunately, this nightmare is a…
Detroit is Still the King of the Hill
Another article, this time from the Associated Press. I have added the emphasis. Detroit had top foreclosure rate in ’07 By ALEX VEIGA, AP Business Writer Wed Feb 13, 6:28 AM ET LOS ANGELES – The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the…
Denial is Not Just a River in Egypt
I read this article this morning. I was surprised by it because I’ve been thinking just the opposite over the last six weeks, because I’ve been seeing homeowners actually giving up and throwing in the towel because they’ve finally realized the harsh reality of this market. This article demonstrates, though, just how much further we have to go before things turn around. From CNNMoney.com . . . . Home Prices in the State of Denial…
The Game Is Changing
I’m in the process of doing another of my cash-out refis. I just bought it last Friday, and I’m trying to set a new record and do a cash-out refi based on the appraised value in less than 30 days. I just did two yesterday – one was 42 days and the other was 55 days. My mortgage guy is top notch (Dave Geraghty at Centerone Mortgage), and he’s been keeping me abreast of the…
The Flight to Quality
I received a couple of questions after my last post on Capital Deployment. To address one of them – no – I won’t tell you Bluetooth convertible guy’s name. I haven’t heard from him since I wrote it though. I was wondering why my email spam traffic was down 30%. The relevant questions were on this whole issue of capital deployment, so I thought that it made sense to discuss it further, especially in light…