Archive for September, 2007

“Buyers Will Come If The Price is Right…”

Wednesday, September 26th, 2007

If you were an alien who just landed in the United States who chose to get all of your information from general media outlets, such as the New York Times, or Washington Post, you would believe that the US Economy is now firmly headed into a recession, and that ALL of the US Homebuilders were [...]

“OH PLEASE…!”

Tuesday, September 25th, 2007

I’m off the drugs, and catching up on my emails from last week and I can not BELIEVE the JUNK I am seeing on real estate INVESTING!
Right now there are so many full of “baloney” schemes floating around the region titled: “How to Make Money In Real Estate” that it makes those of us [...]

“Bernanke Cuts Rate…But Mortgage Rates Rise??”

Wednesday, September 19th, 2007

As expected, the US Federal Reserve (Central) Bank cut interest rates that it charges to banks. What was not expected was:
a) The size of the cut, and
b) The rise in long-term interest rates, forcing mortgage rates up.
There had been speculation for several weeks now that the Federal Reserve would cut interest rates by .25 [...]

“God is Good…”

Tuesday, September 18th, 2007

Thank you to all who sent emails and called yesterday.
I am home and resting comfortably.
Rather than answering individual questions, I thought, “he since I have a blog…”
Yesterday at around 9:30 AM I was traveling Northbound on US 301 in Upper Marlboro in the left hand lane.
In front of me by about 2-3 car lengths was [...]

“We Don’t Know Who to Pay, and We Don’t Know How Much…”

Wednesday, September 12th, 2007

At a recent meeting I was speaking at someone asked the question, “What does it matter to people who are paying on their loans if their lender goes down? We have our money, so we are safe, aren’t we?” As I said then, this is just wishful thinking on their part. When [...]

“We Remember…”

Tuesday, September 11th, 2007

Tuesday September 11th…
Was one of the most beautiful days on record on the East Coast.
Honor the lost.
Hug your son or daughter – if they are far away, call them up and tell them how much you love them.

“Yet, Even More Bad News For Home Builders…”

Monday, September 10th, 2007

WASHINGTON, DC – One-third of broker-originated purchase money closings were canceled last month, as lenders shied away from riskier borrowers, a new survey says.
The survey of 1,700 mortgage brokers conducted by Campbell Communications comes as numerous lenders that catered to subprime and Alt-A borrowers shuttered up operations.
Thomas Popik, who designed the survey, said three years [...]

“The POWER of Your Mind”

Friday, September 7th, 2007

The POWER of the Mind.
Regardless of ones personal religious beliefs, science tells us that mankind is different from the rest of creation in one demonstrable way: Man’s ability to think, to reason and to change the course of his life based on nothing more than changing the way he thinks.
It is this power of the [...]