Posted December 4, 2008 - 11:44 by Xin Lu
Personal Finance, Real Estate and Housing, Consumer Affairs
It seems like everyday the folks in Washington are rolling out a new plan to fix our economy. The Federal Reserve is running out of room to cut their federal funds rate, so now the news reports that the Treasury is planning to forcibly cut mortgage interest rates to 4.5% on new mortgages. The details about the plan still remains unclear, but will this boost the sagging housing market? Also, how could this help you as a consumer?
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Posted November 30, 2008 - 14:04 by Philip Brewer
Frugal Living, Real Estate and Housing, Cars and Transportation
With the economy tanking, more and more people will be not just losing their job, but will be finding themselves without one for an extended period. When that happens it's not good enough to just cut back a little and use debt to make ends meet until the economy recovers. Getting by without a job is possible, even for an extended period--but it requires taking drastic measures to cut spending, and it requires taking them early, while you've still got some cash.
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Posted October 19, 2008 - 11:20 by Kate Luther
Personal Finance, Frugal Living, General Tips, Making Extra Cash, Shopping, Lifestyle, Real Estate and Housing, Credit Cards
While this might be the biggest economic disaster of our generation, it might not be the big bad wolf that we all think it is. Quite the contrary, this little financial lesson might teach us more than humbleness... we might just come out better all the way around.
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Posted October 16, 2008 - 07:42 by Paul Michael
Personal Finance, Real Estate and Housing
I’ve been recovering from surgery recently, so that has given me the opportunity to do a lot of thinking on my sick bed. And with the recent turmoil in the economy, plus a focus on the housing market, I couldn’t help a certain thought from bubbling up in my mind day after day. It’s not responsible; it’s not even fair; but I do have to wonder…should we all just stop paying the mortgage?
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Posted October 15, 2008 - 17:25 by Nora Dunn
Real Estate and Housing
When stock markets go down, people tend to thank their lucky stars they own real estate, and others yet rush to the real estate market as a safe haven. But real estate isn’t always what it is cracked up to be either. Here are six common myths about owning real estate.
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Posted September 23, 2008 - 10:21 by Philip Brewer
Real Estate and Housing
Several times recently, Treasury Secretary Paulson (and many others) have claimed that the "root cause" of the current financial crisis is "the housing correction." This is completely wrong--and unless policy makers realize that it's completely wrong, they're not likely to make the right policy decisions.
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Posted September 17, 2008 - 15:17 by Paul Michael
Personal Finance, Lifestyle, Credit Cards, Consumer Affairs, Real Estate and Housing, Taxes
I don’t know about you, but I’m more than a little worried by recent economic events. First Freddie Mac and Fannie Mae, then Lehman Brothers, and now an $85 billion loan to AIG. Some people would have us believe that despite all of this, the foundations of our economy are strong. But with trillions of dollars in debt now on the table, how long can this country keep racking up the red ink?
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Posted September 15, 2008 - 19:14 by Philip Brewer
Real Estate and Housing
There are several things you can do with a house that you own. During the housing boom, most of the attention was focused on two of those things: You could sell it, or you could borrow money against it. Now that the bust has arrived, it's easy to see the limitations of that particular model. Happily, there's a more stable, more useful way to value your house.
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Posted September 9, 2008 - 06:42 by Myscha Theriault
Green Living, Real Estate and Housing, Investment
Looking for something a bit more exotic when you retire? Do tropical rain forests, cheap living and great organic coffee fit into your long range plan? If you are looking to live well and select sustainable investments as part of your portfolio, Costa Rica might be just the place for you.
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Posted September 8, 2008 - 14:52 by Xin Lu
Personal Finance, Investment, Consumer Affairs, Real Estate and Housing
Yesterday Henry Paulson decided to use the power given to him by the housing bailout bill to officially take over Fannie Mae and Freddie Mac. This is a decision that has a huge impact on global financial markets. So how does this change affect you? Here is a list of the winners and losers in this situation.
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