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 comple
It is currently a buyer's market for real estate in most of the United States and there are many ways a buyer could negotiate for a deal beyond getting a great price. Here are som
The homeowner wants to make the sale. The broker wants to make the commission. The lender wants to make the loan. It'd be nice to see all these folks made happy, but first... th
This week a story from The Detroit News reported that homes are being listed in Detroit for $1. One particular $1 home sold for cash after being on the market for 19 days. The buye
Are you able to walk to your daily necessities from where you live? Or do you drive everywhere? Discover how walkable your neighborhood is and see if you can use your car less.
Recently, I read about a promotion from a home builder in San Diego where consumers could buy a 4000 square foot house for $1.6 million and get a smaller home by the developer valu
Yesterday I read a news item that stated the House and Senate are considering another tax benefit for homebuyers and homebuilders. The idea the House is considering is basically g
This week the Justice Department reached an antitrust settlement with the National Association of Realtors that is meant to spur competition and bring down the standard 6% commissi
At any port you can probably see hundreds to thousands of empty shipping containers just sitting around waiting to be loaded. In recent times these containers have not only transp
For my entire life, I have never lived in a place bigger than 1400 square feet. The smallest dwelling I had was a studio less than 400 square feet which I shared with my parents.
Ever met a rich idiot? I’ve known at least two. Not counting my telephone conversation with self-proclaimed Rich Idiot and multimillionaire Robert Shemin (author of “How come TH
I never knew that cities in America could file for bankruptcy until recently a Northern California city named Vallejo made the news for being on the edge of bankruptcy. So how doe
The truth is that rents sometimes do not cover the monthly costs of owning the rental home, so how is it that these real estate gurus make their money? A lot of people think that i
You used to hear the term "land rich, cash poor" for people who owned valuable land but didn't have quite enough money to make ends meet. It's an expression that
With dropping home prices, a long term investment in real estate is looking pretty attractive. Whether you want to buy rental property outright, or renting is your plan B when your
Since I got married people have been constantly asking me two questions. One is, "are you pregnant yet?", and the other is "are you going to buy a house?" One
Have you seen homes in your neighborhood sell for unreasonable prices and quickly end up in foreclosure? If this is a common occurence then perhaps there is a ring of thieves commi
What lessons can future homeowners take away from today's "mortgage crisis?"
A friend shared with me some strategies he's learned for playing RuneScape. Can these strategies be applied to personal finance? Let's see.
Everybody has seen a rent-versus-buy analysis. Here's a different way to look at it.
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