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Subprime Mortgage Problem Contained? Give Me a Break!
I think that some heads are going to roll when Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson are forced to admit that the subprime mortgage problem is not contained. In my previous...
View ArticleReal Estate Roller Coaster
Are you ready for a wild ride? US Home prices adjusted for inflation plotted as a roller coaster: Click here…… The post Real Estate Roller Coaster appeared first on No Excuses None. Related posts:...
View ArticleThere’s Still Money to be Made in Flipping Real Estate
More than a million people bought Pet Rocks as Christmas gifts in 1975. Gary Dahl, of Los Gatos, California, had the idea while joking with friends about his easy-to-care-for pet, a rock. This pet ate...
View ArticleReal Estate Leaves One Investor High and Dry
Casey Serin has become the poster child for “liar-loans” also known as Alt-A loans. I have written several articles (here and here) on the Subprime/Alt-A debacle. Casey’s use of these loans played a...
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Homebuilders Rallying: How Could This Be?
Since bottoming on April 12th, the SPDR Homebuilders ETF (XHB) is up 12.5%; twice as much as the S&P 500’s gain of 6%. If you are surprised by that statement you are not alone. I still find it...
View ArticleHousing Melt-Down Not Limited to Subprime Borrowers
There are many caught in the cross fires of the housing bubble. Here is a story of a real estate investor who got caught up in the mania in 2005. He bought a waterfront property in the hopes of...
View ArticleTrading Thru the Housing Blood Bath
You don’t have to be a brain surgeon to realize that housing market is not going to turn around overnight. Even the homebuilder CEOs are finally admitting that this environment “sucks.” Economist...
View ArticleHovnanian: Housing Market Has Bottomed
It was only a matter of time before another Homebuilder CEO would claim that the housing market had bottomed. Ara Hovnanian, CEO Hovnanian Enterprises, put his stake in the ground on yesterday...
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