50 year mortgage: fundamental flaw in the media

50 year mortgage: fundamental flaw in the media

There is a new proposal to develop a 50 year loan product to “turbocharge” the housing market and make it more affordable.  How realistic is this proposal?  What would a 50 year mortgage look like for consumers?  What is the fundamental flaw in the analysis by the...
Why will Real estate  outperform in the next cycle          

Why will Real estate outperform in the next cycle          

First, Happy Thanksgiving.  I hope everyone has a great holiday season.  As you sit around the table this year, there is plenty to talk about and debate (including this blog ).  Check out the screenshot above of the headlines on Bloomberg.  Depending on which headline...
Big changes in property rights from the election- what city made 100m from the election?

Big changes in property rights from the election- what city made 100m from the election?

Although all eyes and media coverage was on the supposed “blue wave” on election day, the real story are the huge changes in property rights throughout the Country.  Did Nantucket vote to continue an effective ban on nightly rentals?  Did Vail pass a 17% tax on...
Heavy trucks signal recession my data says the opposite

Heavy trucks signal recession my data says the opposite

    Look at the chart above, there is a direct correlation between heavy truck sales and GDP growth which is one of the best indicators for the health of the economy.  As you can see heavy truck sales plummeted, which points to a recession.  On the flip...
American’s staged a property tax revolt, GA led the way

American’s staged a property tax revolt, GA led the way

  Voters in eight U.S. states passed measures in the last election to offer some form of relief on property taxes, a sign of their mounting frustration with tax bills that have soared alongside huge jumps in home values. Many states will have property tax...
Fed drops rates, why did mortgage rates barely budge

Fed drops rates, why did mortgage rates barely budge

    The federal reserve lowers interest rates and signals two more reductions the remainder of the year.  At the same time mortgage rates are barely moving.  Why are mortgage rates having such a large disconnect with the Federal Reserve.  Will rates continue...