Waiting for More Shoes to Drop(??) As the U.S. prepares to celebrate its 244th(!) Independence Day this weekend, an unusual sense of uncertainty if not foreboding looms over much of the nation. Depending on who you are (Black or White, rich or poor, employed or not) and where you live (New York City, Houston, or...Read More
2016 Presidential Election Aftermath Investors just got handed a classic lesson in not trying to anticipate “macro” events like elections: –Number of experts predicting Trump win: < 10 (anywhere on the planet. Maybe). –Number of experts predicting markets would go UP after Trump win: 0. Of course, it’s too soon to know whether markets will...Read More
The Timing Factor More than people would like to admit, there’s an element of luck involved in real estate. The variables include: •Whether your buying and/or selling coincides with housing market peaks or troughs (if you’re doing both, it matters much less). •What prevailing interest rates are — and what they’re doing just before you...Read More
