We are seeing interesting economic times; throughout the economy there is huge consolidation within industries as the big get even bigger. Real estate is following a similar trajectory to big technology companies. What is causing the huge changes in real…
If you have been tracking interest rates in the mortgage market, your head is likely spinning. Mortgage rates hit a record low of 3% less than a week later rates have risen again. What is causing the drastic swings? Is…
Happy summer to everyone, hopefully you are taking some time to get outside with your friends and family to de stress . Last week, I wrote about the general economy not following a V shaped economic pattern, which I still…
Federal Reserve Chairman Powell recently announced that inflation is transitory. Sound familiar? Janet Yellen, the prior fed chair, used this same term 2017 and 2018. Seems like we are in an extended “transit”. Why? Are we headed for…
Treasury Secretary Steve Mnuchin said on twitter: “Today I convened individual calls with the CEOs of the nation’s six largest banks,” and he will have the first meeting of the “plunge protection” team Monday. Just a little advice to whomever…
I know this sounds pretty crazy that a mushroom should be your guide to real estate investing. First, put the magic mushroom down! I’m not talking about actually consuming a mushroom. Do you know the mushroom theory? I think…
No I’m not crazy and I don’t subscribe to conspiracy theories. But, as we speak the value of your commercial real estate is being “changed” by the federal government. This is not a joke; the federal government is making your…
Did the tooth fairy predict the recent market turmoil? The tooth fairy was a bit frugal in 2017, the average payout dropped 11%. Why such a large drop when the economy is supposedly the healthiest it has been in 10…
Like many of you I had a “rocky” ride in the last real estate recession and successfully learned many “million-dollar” lessons that were very painful. One of the key takeaways from the last recession is that risks lurk in plain…
First, Happy Halloween. I hope everyone has a safe and fun Halloween. The pic above is yours truly in a blow-up dinosaur costume I got for 25 dollars. Quite a steal! It is crazy to think that my purchase…
