Day

August 25, 2010

"Hello, He Lied"

“Gotcha!” Email “Hello, He Lied — and Other Tales from the Hollywood Trenches” –book by Lynda Obst No, I’ve never read Obst’s book — but I’ve always admired the title. What made me think of it was an email I received this morning — from an unfamiliar name, but that’s not uncommon – with the...
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What Would "Opposite George" Do?

Recipe for Recovery. Not.If you’ve been on a desert island the last three years or so, here’s a quick synopsis of the financial crisis so far: When the proverbial sh*t hits the fan, as it did beginning in early 2008, you: 1. Reward society’s greediest and most reckless — that would be Wall Street —...
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Strategic Default Double Standard

Business Decisions, Big and Small What happens to a homeowner who strategically defaults? (that is, they walk away from their home because it’s worth less than what they owe). Their credit is damaged — if not wrecked — for as long as seven years. What happens to a commercial property owner who strategically defaults? If...
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Today’s FIFO Housing Market (First in, First Out)

The Best vs. The Rest Great graphic, courtesy of City Lakes Office manager Josh Kaplan (via Marge Kane), cutting through the myriad, often conflicting statistics describing today’s housing market. Bottom line: the good stuff shines, and finds Buyers (or vice versa). Meanwhile, homes that aren’t “best in class” get overlooked and sit . . ....
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