RX For Revisionist Bunkum: A Lehman Bailout Wouldn’t Have Saved The Economy

Submitted by David Stockman via Contra Corner blog, Here come the revisionists with new malarkey about the 2008 financial crisis. No less august a forum than the New York Times today carries a front page piece by journeyman financial reporter James Stewart suggesting that Lehman Brothers was solvent; could and should have been bailed out; and that the… Read More..

House Prices: Real Prices and Price-to-Rent Ratio decline in July

I started 2014 expecting a slowdown in year-over-year (YoY) prices as "For Sale" inventory increases, and the price slowdown is very obvious! The Case-Shiller Composite 20 index was up 6.7% YoY in July; the smallest YoY increase since November 2012 (the National index was up 5.6%, also the slowest YoY increase since November 2012.I expect… Read More

5 Simple Ways to Maximize Your Vacation Rental Profits

Owning a vacation home is just like owning a business. The goal is to keep cost down and profits up. Over the last few weeks, we have written about ways to reduce the monthly costs in your vacation home. If you missed that article, here is a link to it. So this week I thought… Read More

Europe & China Start Direct Trading In Euros & Yuan As De-Dollarization Expands

De-dollarization has been an ongoing theme hidden just below the surface of the mainstream media for more than a year as Russia and China slowly but surely attempt to "isolate" the US Dollar. Until very recently, direct trade agreements with China (in other words, bypassing the US Dollar exchange in bilateral trade) had been with… Read More

Spot On

You guys have to give me a tiny bit of credit today – after slaving away 20 hours plus last weekend and barely being awake I somehow managed to pick the lows of the day in the morning. Alright, technically I was off by 1/2 handle – I hope you accept my apologies then: It’s… Read More

5 Tenant Characteristics It’s Wise to Discriminate Against

Today, the word “discriminate” gets a bad rap. Don’t get me wrong, much of that is for good reason, but we humans discriminate in all sorts of ways every single day. It is just something we do as a part of life, and we often do not even realize that we are doing it. Discrimination… Read More

Working On Thor

I’m going to make this super snappy today as I am wading knee deep in code with the intent of releasing a beta version of Thor sometime next week. In case you haven’t guessed it already – Thor will be the automated equivalent of Scott’s HammerTime system which he runs on daily charts. Although I don’t… Read More

It’s Entirely Possible to Fix & Flip 10 Homes at Once: Here’s How

Throughout most of the country, prices are rising, and investors are scrambling to find deals. My market in Colorado is no different, with prices rising 20 to 40 percent over the last two years.  Investors have come back in a big way since the housing market recovered, and it is definitely harder to find deals… Read More

The Bells Are Ringing… Are You Listening?

There is a saying that you don’t ring bells at the top.   It’s not really true. Every time the market forms a major peak, at least in the last 15 years, there are usually a preponderance of signs of excessive speculation and leverage.   Today we are seeing bells ringing throughout the markets.  … Read More

No Follow Up

The Zero shows us almost no participation whatsoever today but that’s not too surprising after yesterday’s jump in volatility. Now it’s never about that first drop lower – what counts is what happens afterward. Now that said, a post-fall-off-the-plate sideways day is permissible, especially if it falls on a Friday. So let’s see what happens… Read More

5 Ways to Stand Above the Competition as a Property Manager

A huge part of being a property manager is learning how to market yourself and your company. You have to do it twice, after all: once to your client owners, the property owners who allow you to look after their buildings, and once to your client tenants, who live in those buildings. For all that… Read More

Schedule for Week of September 28th

This will be a busy week for economic data.  The key report is the September employment report on Friday.Other key reports include the August Personal Income and Outlays report on Monday, the July Case-Shiller House Price Index on Tuesday, the ISM manufacturing index and September vehicle sales both on Wednesday, and the August Trade Deficit… Read More

How to Avoid Getting Shot at a Real Estate Club Meeting

As many of you know, I enjoy telling my story. Not for the purpose of making myself seem big or giving myself a great pat on the back, but for the purpose of assisting others to reach out for their dreams. On some occasions I also attempt to solicit for inventory (properties we buy to… Read More

Unofficial Problem Bank list declines to 432 Institutions

This is an unofficial list of Problem Banks compiled only from public sources.Here is the unofficial problem bank list for Sept 26, 2014. Changes and comments from surferdude808: The FDIC provided us with an update on its enforcement action activities through August. The update led to five removals and two additions that leave the Unofficial… Read More

ISIS Comes To America? Oklahoma Man Beheads Woman After Being Fired

A man who had been fired from a food processing plant in an Oklahoma City suburb beheaded a woman with a knife and was attacking another worker when he was shot and wounded by a company official, police said Friday. As AP reports, while questioning the suspect's co-workers, investigators learned he had recently started trying… Read More

The Top 6 Reasons Mobile Home Investing Sucks (and How to Get Around Them)

Welcome back, Three weeks ago I was out of the state looking at some investment property to purchase, a mobile home park to be specific. Typically, when I am out of my local area and staying a few nights, I enjoy finding local real estate investor clubs to attend to learn more about the locals… Read More

Which Way Do You Bend Sir?

Not sure how many of you ever visited a tailor – chances are most of you American rats are picking it off the rack (don’t kill the messenger – I have seen you guys dress). I for one swear by a good tailor and it seems the next time I pay him a visit he’ll probably… Read More