My CNBC hit today about interest rates and the economy.
The 30 year mortgage. As American as apple pie. It’s the sacred cow of the real estate finance industry. But, is it also destroying wealth in this country? When you take out a mortgage, they are simple interest. That means that you pay interest on the outstanding principal balance each month. After 10 years on … Continue reading Could $50 Per Month Save Housing?
As I have been saying ad nausem, the real estate market will not sustain its current insane activity. The previous reasons I have stated had to do mostly with economic conditions but now we find the out of the box reason. The Panama Papers and SF’s housing crisis The Panama Papers (can’t keep thinking Pentagon papers) … Continue reading Thanks Putin for Overpaying for a House
In the week that the movie, The Big Short comes out, a San Francisco Credit Union is doing exactly what partially caused the big short to happen. These geniuses are putting out a loan with No Money Down up to, get ready…….$2,000,000. That’s two million dollars with no down payment. Let me say that again. … Continue reading The Big Short II
Yes. I do think I am the Bernie Saunders of the real estate/mortgage industry. For those new to my prose, I like to tell what I think, feel and see in the market based on a combination of gut and numbers. Sometimes the numbers talk to me and sometimes the brain just feels that something … Continue reading -$1,188,103.00 Last 30 Days