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Business section article in the LA Times today. |
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By iwrate on
11/15/2007
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The article explained that home prices are now at 2005 levels and may dip in to 2004... but bottom fishers are coming back into the market so we must not be too far from the bottom.
Wrong! I expect prices to fall below 2002 levels at a minimum. The turmoil in the mortgage market has barely begun. 2008 will be a record year for foreclosures.
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The market |
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By iwrate on
9/7/2007
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It's been volitile. Should I stay or should I go? I expect more bad housing data and everytime some comes out, the market drops 200 points.
It's universally expected that the Fed will lower rates by at least 25 points by their next meeting (Sept 18th, I think). Bond funds (MFS specifically) have taken it on the chin during the recent credit crunch. I bought at 5.86 and it has been as low as 5.62. In the last week it BOUNCED back up to 5.74 and I expect that to continue as rates are lowered.
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The duplex is sold! |
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By iwrate on
8/31/2007
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Summer was coming to a close and I was getting worried that I'd stay a landlord forever. A little luck and a great realtor took over and we closed August 31st. It was the longest 30 day escrow in history. 2 weeks into it, all the bad housing data flooded from Wall Street dropping the DOW from it's high of 14K down to 13K.
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Selling the duplex! |
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By iwrate on
2/7/2007
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A lot of stuff has been going on with real estate. My parents just bought a new house and are about to list their old one. All the talk of huge capital gains has motivated me to find a buyer for my duplex.
I'll keep you posted.
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Acidification of the Earth's oceans |
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By iwrate on
11/19/2006
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I'm reading an article in the New Yorker.
Did you know?
- The ocean has absorbed about half of all the carbon dioxide man has spewed into the air since the beginning of the Industrial Revolution.
- The surface pH of the oceans has lowered by .1 - representing a 30% increase in the acidity of the ocean.
- The CO2 combines with the ocean's H20 producing H2C03 (carbonic acid - a weak acid found in most sodas)
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Money flowing from housing investments to Wall Street |
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By iwrate on
9/28/2006
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Currently, investors are pulling money from real estate and putting it in the market. While this probably is propping up the market in the near term (6 months or so), it won't sustain it through 2007. It's good to be in equities now, but I'm going to begin looking for safer, dividend paying stock funds (Equity/Income) and medium term bond funds for the future.
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