This is the performance of your retirement account while you have been investing in the stock market over the last six months. Look familiar?  Take a closer look at the chart – over the last six months the market has been down – despite those huge peaks that you see. That means a negative ROI – and the fact that you probably lost money – and lost ground. Is this going to impact when you can…
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
Well What About Michigan?
I have received some interesting responses to my “10 Things†post. When I wrote it my personal feeling was that there would be a massive “piling on†because things seem to be so bad here, and that I would be taken to task because I went so easy on the area. To my surprise quite the opposite occurred. The responses were overwhelmingly positive. Not only that, but they were upbeat and optimistic about the future…
Brace Yourselves
I have been staring is disbelief at an AP story this morning. Now I know that the AP is not up to the journalistic standards of accuracy as, say, the New York Times or the Washington Post. But the fact is their stuff gets widely distributed and widely read. The first line is the report was: “Consumers, battered by a steep downturn in housing and a severe credit crunch, slowed their spending growth in September…
10 Things
I’ve been talking to a lot of out of state investors lately, and the subject of weaknesses and opportunities for this region comes up every time. While I know that any discussion of substance on this would take a while, I though that I would put together a couple of lists off the top of my head. If you think there’s something missing off of either of the lists send me an email at list@MichProps.com.…
Ok Ok We’re In a Recession Already
Now, What Are You Going to Do About It? It looks like the rest of the country is finally waking up to the fact that yes, we really ARE in a recession in the US. A recession that is being led by the decline in real estate values. How can that be, you say. Real estate, while a large and important part of the overall economy, does NOT have the power, by itself, to drive…
Vultures Are Circling Over Distressed Properties
This was a headline in Saturday’s Washington Post. Like the New York Times, you can always count on the ol’ Post to get things exactly 180 degrees wrong. Vultures? Really?? I don’t know about you, but that description sounds pretty bad. Even a bit sinister. Maybe a touch evil. They like to make ma and pa out to be victims of the big bad mortgage companies, and they make it sound like those of us…