I realized the other day how much I really don’t like working on houses. Sounds odd coming from someone with a real estate business, doesn’t it? But I’m not alone. Most of the people that know in this business are the same – they really don’t like doing the work themselves. And for good reason. It’s dirty, sometimes difficult, and always takes time away from other things. Especially family. But as I was crawling around…
Want to LAUGH at the Stock Market Volatility?
Ever since the dot com bubble burst in 2000 and the catastrophic events of 9-11, as a country we have been struggling to recover the value in our retirement accounts. One article that I read indicated that the losses in value due to these two events were as high as 60%.With the overall market averaging an historical annual return of 7%, do you know how long it would take to recover that 60%. 14 years.…
Introducing – NOOP
For those of you familiar with the real estate market in the Detroit area, you know that this is a ONCE IN A LIFETIME opportunity to build a real estate portfolio. Yes, I’m sure that you’re all used to the bombast and hyperbole inherent to bogs. But I’m serious about this. Dead serious. Why? Let me ask you this – where else can you routinely find single family homes priced at forty to fifty cents…
They Did WHAT?!?
WOW. Again. I had written up a long follow-up post on this Federal Reserve intervention that I had planned to post yesterday, but I got hung up in meetings and couldn’t get to it. I wrote long (and eloquently, I might add) about how there was NO possible way that after their dump-and-run “liquidity injection†they could even THINK about lowering interest rates for AT LEAST the next two to three months. About how the…
The Sins of the Past
Wow. I never thought that I’d see it happen. The Federal Reserve, that mysterious, secretive, “quasi-governmental†entity that has made a regular habit of thumbing it’s nose at the general pubic and the day to day performance of the market, has succumbed. They have fallen. They have gone over to the dark side and made a wholly populist decision. And unfortunately it’s not just the Fed – it’s a number of other central banks around…
Perspective – Part II: Kudos to Wagner, Shame on Mulally
More than 50 years ago, then-General Motors President Charles Wilson reportedly said “What’s good for General Motors is good for the country”. My how things have changed. There was a time back during the dot com bubble that even AOL had a larger market value than GM, and there was even talk of GM becoming a subsidiary of Amazon.com. My point is that the automotive manufacturers no longer have the impact on the national economy…