All Posts Tagged With: "real estate crash"
Since Lehman, NYC Sales Slow Down Buyers Make Low Offers with 2009 Market in Mind
(post by BT) I was going through our listings in the last 12 months and noticed a bad trend. For most of the first 3 quarters of 2008, some sellers were priced right and some where a little over priced, but we were able to move them. But when October arrived and Lehman Brothers evaporated, then [...]
31Dec2008 | | 0 comments | ContinuedBusiness Owners Are Better Suited to Investing in Real Estate
(post by BT) A friend of mine built 2 brand new construction houses in the last year. He was getting about $650K for each of them. Buy his buyers could not get financing. He was trying to sell on his own but finally decided to hire me. He said “be honest, what would I get for [...]
15Dec2008 | | 0 comments | ContinuedTime Inc Restructures Business as Profits Drop – Bad Real Estate News Are Bad for News!
(post by Dee) Time Inc, the news and media powerhouse that got the internet game right is feeling the burden of residential real estate market collapse… they are reorganizing big time. Read on. BUT how is that possible?! What does real estate and news have in common? Well, let’s examine!
Today’s economy really is more [...]
3Nov2008 | | 0 comments | ContinuedUnlock the Frozen Wall Street Credit - A $700-Billion Band-aid!
(post by BT) This is truly insane! Wall Street is NOT the US economy. “Paralyzed banking system”, “free up credit lines”… who gets this money? How is it going to be split up? The government needs a new agency - an economic business agency, ran by successful businessmen of this country, not some politician whose [...]
1Oct2008 | | 0 comments | ContinuedGoodbye Wamu! JP Morgan Chase Buys Washington Mutual for Pennies
(post by BT) JP Morgan Chase and Bank of America are reaping the rewards they deserve. The 2 companies who never got into the sub-prime lending and only lent money to A-class customers (with good credit, sufficient income and with reasonable down payment) are reaping the rewards and I mean big time. The market is [...]
27Sep2008 | | 0 comments | ContinuedWill the Prices of Real Estate Go the Wall Street Way and Fall Even More?
(post by Dee) Everyone has the same question to ask? Will the prices of real estate fall even more, and if yes, in what markets, what properties, and how much? And what about other assets, like stocks and bonds? Wall Street meltdown of the past three days (Dow down 1000 points!!!) leaves everyone wandering: where [...]
18Sep2008 | | 0 comments | ContinuedNo Down Payment Loans Still Exist! Wells Fargo’s “Zero Down” Mortgage
(post by BT) You think no down-payment-loans don’t exist any more? You think with everything going on, banks would have learned their lesson. Wrong! I had a deal about a month ago in which the buyer went to contract with no money down – well, according to Wells Fargo bank, with 20% down. OK, [...]
3Sep2008 | | 0 comments | Continued
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