Financial Forecast Sophistry “Economists have predicted 9 out of the last 5 recessions.” “If you lined up all the economists in the world end to end . . . they wouldn’t reach a conclusion.” “If you lined up all the economists in the world end to end . . . it wouldn’t be such a...Read More
Cheaper More Expensive By the Dozen Usually, the more of something you have to sell, the cheaper it is. That’s just basic, “supply-and-demand” — Economics 101. So, when is that not the case? When it comes to rental properties in today’s housing market. Buyer’s vs. Seller’s Markets Currently, there is a huge disconnect between what duplexes and...Read More
Investors (and non-Cubans) Not Wanted When Cuba legalizes buying and selling homes by end of the year — as the government promised again this week — [observers] expect a cascade of changes: higher prices, mass relocation, property taxes and a flood of money from Cubans in the United States and around the world. –Damien Cave, “Cubans...Read More
Is the Fed Repeating Wall Street’s Sins? Joe Nocera: At a certain point, Wall Street ran out of clients to sell [securitized debt] to. So the only way it could keep the machine going was to buy it themselves. Jon Stewart: So, they infected themselves. At the end, they themselves became vampires. [Which suggests] a...Read More
Sales Catalyst: ‘Deals Too Good to Pass Up’ Americans are still unsure about the economy, and hesitant to make a large purchase unless they absolutely need to or the deal is too good to pass up. –Edmunds.com analyst Today’s housing market? Try, the market for new cars (the giveaway is Edmunds.com, a well-known auto web...Read More
Disregarding Buyers’ First Offer Mulligan (ˈmÉ™-li-gÉ™n): a free shot sometimes given a golfer in informal play when the previous shot was poorly played. So, I think I’ve got a good name for today’s housing market: ‘The Mulligan Market.’ That’s because so many deals these days start out with the Buyer making an insultingly poor (out-of-bounds?)...Read More
