Paycheck to Paycheck
Tuesday, October 11
I ran across an article in dsnews(1) the other day. If you own rental property you have known the theme of the article for some time now. A lot of folks are living paycheck to paycheck. I see it with my tenants, you do also. Slow pay, half now half in another weekI have one tenant that is paying ...
WHY COMMERCIAL REAL ESTATE IS OVER VALUED
Monday, October 10
Over the next three years, about $900,000,000 to $1 Trillion of CRE Loans will need to be rolled. This is where the real trouble and opportunity will occur. The problem with the CRE ReFi’s will be over inflated note balances. The opportunity will be for an investor to ride to the rescue and tak...
Problems with the Mass-Refi
Friday, October 07
I had a phone conversation today with a MBS analysts . The secondary mortgage market has dried up. Not many new issues. Most say big deal. Well it is, how can we recapitalize the private mortgage market without new MBS issues? Our conversation wandered to the proposed Mass-Refi that is in the wo...
IN THE WHAT?? DEPARTMENT
Thursday, October 06
Boy, talk about schizophrenic economics, here’s a gem of an article I ran across. Seems some folks are worried about hard working people SAVING TOO MUCH. Yeah, that’s correct, SAVING TOO MUCH. Seems depositing your cash with the local bank causes them a problem. … deposits in US bank accounts is ...
Reads for Wednesday 10/05/11
Wednesday, October 05
Hope you are having a great week! Here are some reads and a good vid. Enjoy!!Something we knew about fannie & freddie all along FHFA just confirms it. Professor Bill Black talks about the Banksters Good News & Bad News for Fla. Foreclosures Due Diligence we forget. http://tscg.biz...
Fairness v. Realty
Monday, October 03
I was looking over a lease for a client last week. Mind you it was a commercial transaction. My client, the Tenant, had attached a note to the section that deals with indemnity and release of liability. “This is not fair to me”, was written on the note. He had not consulted an attorney as I had a...