The Hair of The Dog...

June 29th, 2008 - In a world gone mad with “irrational exuberance”, The Hair of The Dog That Bit You probably seems like a logical cure for the “Night out on the town” we spent the past seven years imbibing on in the real estate markets! If the party was that good, perhaps more is better. The thing is, sooner or later, if the headaches don’t get you – the dehydration will!

Incredibly, despite the massive dehydration we now face in the credit markets as a result of all the carousing during the World’s Longest Cocktail Party, many folks (including the Feds, and self-serving Wall Street and real estate industry “bartenders”) seem to think all we need to do is keep swilling those “Hairy Dogs”… until the market “recovers”. Full article available as of July 3, 2008 at: http://www.sellerloans.com/newsletters/07042008/index.scms

Priced To Own--Probabilites Producing Profits

There is an old expression that comes to mind: "You can fool some of the people some of the time, but you can't fool ALL of the people ALL of the time!" Regardless of what the National Association of Realtors (NAR), the government, the lending industry (or even economists who should know better) are saying, the current housing market is still artificially high. If people could truly afford current home prices--on the basis of their actual incomes--the word "crisis" wouldn't appear in conjunction with the present housing market. Click Here to see the rest of this article.