Dealing with AIG: More Ideas One day after [the President’s] economic advisers insisted that their hands had been tied by contracts requiring the payments, Mr. Obama ordered the Treasury Department to “pursue every single legal avenue to block these bonuses” and make the American taxpayers whole. –“Obama in Effort to Undo Bonuses at AIG“; The...Read More
[Note: Please go to “Firing Your Realtor – Part 1” to see the beginning of this post] Three. Poor or no feedback from prospective Buyers. As I like to tell clients, the best feedback any home seller can receive is a full-price, non-contingent offer from a financially qualified Buyer (even better: several of them!). However, in...Read More
AIG Creditors’ Hold on U.S. Treasury “I used to think if there was reincarnation, I wanted to come back as the President or the Pope or a .400 baseball hitter, but now I want to come back as the bond market. You can intimidate everybody.” –James Carville If Carville were to update his answer today,...Read More
AIG Tries to Bury (the latest) Bad News Anyone reading the *Sunday papers is likely to notice the blaring headlines: AIG senior executives are being paid millions in bonuses. That, notwithstanding the almost $200 billion of taxpayer money already injected into the company. What’s interesting, though, is how the news first broke online, then changed...Read More
How to Know When: Four Signs Just because a home hasn’t sold doesn’t mean that the Realtor is doing a bad job. But, if your home is lingering on the market, it’s imperative to know why. Here are four signs that the problem may not be your home, but your Realtor. One. Mediocrity (or worse)....Read More
“I Can’t Find Anything I Like” “Water, water everywhere [but] nary a drop to drink.”–Samuel Taylor Coleridge, “The Rime of the Ancient Mariner” One of the conundrums of a housing market supposedly flooded with inventory is Buyers who lament that they can’t find anything they like. What’s going on? Is it just their imagination? Actually,...Read More
