July 2008
Commentary by Tom Koziol | July 31, 2008This must be a bad week for my state of mind. Nothing, including the new housing rescue bill, has been positive regarding the housing scenario. In fact, two of our local banks were even caught up in the debacle and were FDICized. It seems these banks had to be taken over with Mutual of Omaha [...]
Real Estate Investing by Jason Hanson | July 30, 2008I’m on week three of my marathon training, but it might as well be week 123. I still think running is a terrible idea. Every time I see someone running now, I actually get angry and wonder why in the world are they doing it and I want to run them over (I guess it’s [...]
Commentary by Charles Feldman | July 30, 2008The economic news seems dire, to say the least: home prices taking their steepest fall in May—ever! As in, ever! The Standard & Poor’s /Case-Shiller index of 20 cities dropped 15.8 percent in May compared with last year, reports the Associated Press. And, that is an average, of course. Las Vegas, for example, had home [...]
Commercial Real Estate by Ted Karsch | July 29, 2008One of the great aspects of being an apartment building owner is the ability the owner has to increase value in a variety of different ways. All of these methods for increasing value will not apply to every apartment building, however, I would venture to propose that there is not one apartment building in any [...]
Blogs by Richard Warren | July 28, 2008The housing , bubble, sub-prime meltdown and the bubble in the oil markets. Like a witches brew straight out of Macbeth, it all comes together like an evil potion to make life miserable for all. Hindsight being 20-20, we can look back and see how one thing led to another to bring our economy to [...]
Commentary by Rob K. Blake | July 27, 2008Yesterday in a special session the Senate passed the Housing Economic Recovery Act of 2008, H.R. 3221, with a 72 to 13 vote. This measure received such overwhelming bipartisan support so politicians could point to this legislation and say, “We are doing something to mitigate the foreclosure crisis”. They aren’t. This bill once converted to [...]
Commentary by Rob Powell | July 26, 2008Greetings from a jam-packed airplane headed North. I am on my way to go Walleye fishing in South Dakota. I am not an avid fisherman by any means and I have no idea how to fish for Walleye….but off I go to make new friends and to reconnect with another. Anyways…. As some of you [...]
Commentary by Tom Koziol | July 25, 2008Last week I opened my big mouth and said I’d present another solution to the foreclosure problem we are facing today. Before I do, I happened across this law: “every insolvency of a bank shall be deemed fraudulent, and the president and directors shall be severally punished by imprisonment and labor in the penitentiary . [...]
Commentary by Troy Schuricht | July 24, 2008Before we can talk about the good news of a recession, lets define exactly what a recession is: ”In macroeconomics, a recession is generally associated with a decline in a country’s real gross domestic product (GDP), or negative real economic growth. According to widespread definition, a recession occurs when real growth is negative for two [...]
Real Estate Investing by Jason Hanson | July 23, 2008I am one of the cheapest people you will ever meet. I drive a 1999 Toyota Corolla with 126,000 miles on it (a car is a depreciating asset, why would I spend a lot of money on one?). A few weeks ago when I was at Disney World I carried around the same bottle of [...]
Commentary by Charles Feldman | July 23, 2008Here are some mighty strong words: “The subprime lending debacle has caused the greatest loss of wealth to people of color in modern U.S. history.” That is the conclusion of the lead author of a new report by United for a Fair Economy, Amaad Rivera, as quoted in an excellent article in the Christian Science [...]
Commercial Real Estate by Ted Karsch | July 22, 2008Buy an Apartment Building Today? In today’s turbulent financial markets many investors are looking for ways to grow their money that will offer a steady flow of predictable income and limited market risk. More and more people are buying apartment buildings to help diffuse the effects of inflation on their portfolios. Apartment buildings offer many [...]
Housing by Joshua Dorkin | July 22, 2008The Associated Press is reporting today that Wachovia Bank, the nation’s fourth largest bank in terms of assets, will be shutting down it’s mortgage lending division. “Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.” In addition, [...]
Blogs by Richard Warren | July 21, 2008In his landmark book, The 7 Habits of Highly Effective People, Stephen R. Covey calls the second habit: Begin With The End In Mind. Nowhere is that more true than in today’s real estate market. When investing in real estate, the End in Mind is your exit strategy. Unless you just like to wander aimlessly [...]
Housing by Rob K. Blake | July 20, 2008Hedging is the practice of risk mitigation for Wall Street investors and we in the real estate investment world could learn a thing or two from the boys in the power ties. A good working definition of “hedging” to get started: “An investment made in order to reduce the risk of adverse price movements in [...]
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Joshua DorkinMarty Boardman
Jeff Brown
Chris Clothier
Ken Corsini
Peter Giardini
Jason Grote
Clay Huber
Kevin Kaczmarek
Douglas Lazovick
Ziv Magen
McKellar Newsom
Brandon Turner
James Vermillion
Sharon Vornholt
Melissa Zavala
Michael Zuber
Housing Rescue Bailout and the Future of Lending
by Tom Koziol | July 31, 2008This must be a bad week for my state of mind. Nothing, including the new housing rescue bill, has been positive regarding the housing scenario. In fact, two of our local banks were even caught up in the debacle and were FDICized. It seems these banks had to be taken over with Mutual of Omaha [...]