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  1. Is everyone’s money real tight right now?

    Paid $10.25 for a Wendy’s single cheese small combo today. A short time ago this was around $6. All you need to do is take stock of the price increases for “gotta have” items like food and gas, and you’ll likely be carefully metering your cash out flow for the “nice to haves”. It pays to be...
  2.

    What were you doing at age 24

    Working constantly to cover my overhead in a new job in Boston, MA, while living in a one room studio apartment with a rent that cost about 1/2 months salary. Those were hard times. After living expenses I didn’t much $ for fun.

  3. One in 12 Homes bought in 2022 are underwater!

    My concern is the drop in prices because of reduced demand for both houses and rents due to a failing economy and the ensuing unemployment that it will bring. If you can’t pay a mortgage or monthly rent you will need to vacate and consequently there will be more inventory. If you can’t rent...

  4. One in 12 Homes bought in 2022 are underwater!

    The current data shows that on average housing is down nationally. We know there’s a correction in the works because there was rapid home value inflation caused by conditions that don’t exist any longer. The extent of expected correction is really unknown. Historically these things take years...

  5. One in 12 Homes bought in 2022 are underwater!

    Yes those are some of the details but make no mistake about it the banks were in on it. NINJA loans were the rage and they were all eager to loan. The greed was fueled by the stupid belief that equity gains through home value increases was going the last and the bubble would never burst.

  6. One in 12 Homes bought in 2022 are underwater!

    The last financial crisis that was fueled largely by defaults on high risk mortgages when the housing bubble started to collapse in 2007 took over four years to hit rock bottom. Yes housing and land has begun to lose steam but it is still expensive as compared to pre 2020. I suspect it will take...
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