Year: 2008

Greg Oden Is A Funny Guy

I love this Portland Trailblazer Team and you are, fortunately or unfortunately, going to hear about it all season. Greg Oden was the ignition switch to start Blazermania up all over again. And he didn’t even play last season. Instead we got a season of Brandon Roy blowing us away with his maturity, patience, and […]

Should I Prolong A Short Sale To Live For Free In My House?

I have come upon this question a lot from people facing a short sale. Though I have seen it take longer, usually the bank will set a foreclosure date within 90 days after your first missed payment. They usually have the right to do that after 30 days but it is industry standard to wait […]

Roller Coasters And The Real Estate Market

At AgentGenius.com they have a YouTube video showing housing values but instead of a graph they have it represented as a roller coaster.  It is pretty cool as it represents home values from 1890 – Present.   I actually expected them to show this video below that I saw a long time ago which I […]

Links For The Week

Downtown condo sales slow further. NE Portland Tool Library and North Portland Tool Library.  Great way to save money on small projects. 80% of borrowers are not getting help from their lenders to avoid foreclosure. Coldwell Banker puts their listings on sale.  I don’t think this does much to help Coldwell Banker or their clients. […]

The New Dollar Bill

This was passed to me in an email so I can’t give proper attribution.     I figure if I don’t have any thing nice to say about the economy maybe I should have something funny.

Drastic Price Change!

Oh my God!  The price is so low!  So low you you have to buy it now before someone else buys this home that has been marked down from the price it couldn’t sell at before!!!!!!!!!!!!!!!!!!!!!!!!!!!!!…! Doesn’t that just motivate you?  No, probably not.  There is only one reason to give notice of a price […]

A Buyer’s Perspective

I was talking to a friend of mine who I knew had been house hunting for a while.  He was excited that he was gong to close in about 2 weeks on his new home.  He said, “I know some people say you should wait and see if prices drop more but I think interest […]

Links On The Rescue Bill

Why the first Bailout/Rescue Bill failed. Which comes down their failure to explain our situation and politicians looking at polls and their re-election plans. Senate approves Rescue/Bailout Bill. How the Rescue/Bailout compares to other spending and bailouts. Bailout/Rescue Bill goes from 3 pages to 451 pages in 10 days flat.  Of course there are stupid […]

Fannie Mae Nine Years Later

September 30, 1999 from the New York Times, In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. Bold is my emphasis, The action, which will begin as a pilot […]

Is It A Bailout Or A Rescue

Bailout or Rescue? If this wasn’t a voting year or if we weren’t this close to an election, the Bailout or Rescue Bill would have been passed.  It has become politicized.  Many didn’t vote for it, in my belief, because they want to be able to say, “I didn’t vote for it,” in case it […]

Bank of America Sings

I thought this was done at a Washington Mutual conference which would have made it funnier, or sadder but it was done after B of A merged with another bank. Still interesting to watch, sort of. Oldie but a goodie. I am at the #wordcampdx conference. Love that I have my laptop with me. Worked […]

Washington Mutual Is Seized By Regulators

Washington Mutual has been seized by regulators and the deposits sold to JP Morgan Chase according to Bloomberg.com.  WaMu also reported that customer withdrawals equaled $16.7 billion in the last 10 days.  JP Morgan tried to acquire WaMu in a takeover valued at $4 a share.  This is a much better deal for JP Morgan. […]

Monday Night Links

Is it a Wall Street Bailout or a Main Street Bailout? News on Foreclosure Scams. $500+ Billion in Adjustable Rate Mortgages Reset in 2008. The Bank Crisis: A Timeline

Essay Contest For A Home In Hawaii

I came across a raffle* (essay contest) for a home in Maui.  I am not endorsing it since I know nothing about the home or area but it does have a fanciful quality to it.  $100 to give you a chance to own a home in Maui and put your feet in the sand, mmmm. […]

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