Trying To Figure Out What Normal Looks Like

A report from the Idaho Statesman. "About 8,000 pages of personal financial information about Tamarack Resort partner Alfredo Miguel Afif have been sent to Bank of America, which is seeking $4.9 million to pay off a lease on two chair lifts. The submission should satisfy attorneys for Bank of...
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Whose Sanity Is Questionable?

Readers suggested a topic on economic recovery. "How long from now will virtually all the serial bottom callers throw in the towel? Or will some of them keep it up for decades, if necessary, so they can claim their stopped-clock prediction called the bottom, once it finally happens?" A reply. "The...
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These Crashes Don’t Happen Every Generation

It's Friday desk clearing time for this blogger. "Terrell Owens will have two of his Dallas condominiums auctioned off in early March. While he earned around $80 million during his NFL career, Owens is now making a more pedestrian wage with the Wranglers and is facing foreclosure on two of his...
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An Asset That Enjoyed Uninterrupted Price Gains

The Bull reports on Australia. "Today, the median sale price in The Hamptons, the home of Madonna and Lady Gaga, is US$780,000, which equates to $726,828 in Australian dollars. For this money, you’d be lucky to pick up a fibro cottage in Brisbane or a pokey townhouse in Newtown. Today it’s cheaper...
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A Useful Working Assumption

Readers suggested a topic on used house salespeople. "How about how Realtors are Liars? They’re out there advising the public to buy housing while prices are falling, attempting to create a sense of urgency by suggesting sales increasing rapidly when in fact they’re at 14 year lows and flat. These...
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The Love Affair Continues

It's Friday desk clearing time for this blogger. "Four out of five properties dropped in value, according to the annual report released by Virginia Beach Assessor Jerry Banagan. Average home values here climbed nearly 75 percent in the five years leading up to the 2008 recession. Since then, the...
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