7 Real Estate Investing Lessons We Can Learn from Steve Jobs I recently read the book “Steve Jobs” by Walter Isaacson. As brilliant as Steve Jobs was, I came away from the book not with a sense of awe about the man who Steve Jobs was, but how despite his incredible success, how idiosyncratic and deeply flawed a human being he really was.Yes, he was a certifiable genius, although in some ways “certifiable” as well.Yes, we’ll never see anyone else exactly like him, although Apple’s … [Read more...]
My Real Estate Independence Day
July 4, 2012 By Leave a Comment
My Real Estate Independence DayIt happened exactly 10 years ago this month.There were four of us TV news cameramen. Together we sat crammed inside a dingy hotel room in Springerville, Arizona. The smell of smoke hung in the air, it’s source was our clothes, shoes, hair and pores. You’d have thought we’d spent the night sitting around a campfire.Less than 5 miles away, the Rodeo-Chediski brush fire burned out of control. This monster of flames would eventually consume over 500,000 acres … [Read more...]
Real Estate News by the Numbers: Week of March 3 – March 9
March 10, 2012 By Leave a Comment
Real Estate News by the Numbers: Week of March 3 – March Real estate news from the week of March 3 – March 9, by the numbers:227,000 – Number of jobs the U.S. economy added in February. The number exceeded the 204,000 jobs analysts expected. However, the unemployment rate remained at 8.3%.$14.5 Million – List price for Rachel “Bunny” Mellon’s Caribbean vacation home. Bunny Mellon, 101, was the wife of the late Paul Mellon. The estate sits on 26 acres.3.88% – Average rate on … [Read more...]
5 Non-Real Estate Books for Real Estate Investors
February 17, 2012 By Leave a Comment
5 Non-Real Estate Books for Real Estate InvestorsI don’t think J.K. Rowling had 39 year-old men in mind when she wrote the Harry Potter novels. Late last year, I started reading Harry Potter and the Sorcerer’s Stone, the first of seven in the series. Let’s just say I had a little trouble getting into the book. Halfway through I found myself hoping either Hogwarts would slip into foreclosure because of the global economic crisis or get invaded by terrorists. But I toughed it out and … [Read more...]
What to Do with 3 Million REOs?
January 28, 2012 By Leave a Comment
A hot topic in Washington, D.C. this month is what to do with 3 million REOs currently in holding by the Federal Housing and Finance Agency. The popular answer is to make the government agency the largest landlord in America.Does this help or hurt the investor market and, more importantly, the recovery of the real estate market in general? Or does it just prolong the inevitable?Federal Reserve Chairman Ben Bernanke supports the national REO rental program saying in a white paper to Congress on … [Read more...]
What to Do with 3 Million REOs?
January 28, 2012 By Leave a Comment
A hot topic in Washington, D.C. this month is what to do with 3 million REOs currently in holding by the Federal Housing and Finance Agency. The popular answer is to make the government agency the largest landlord in America.Does this help or hurt the investor market and, more importantly, the recovery of the real estate market in general? Or does it just prolong the inevitable?Federal Reserve Chairman Ben Bernanke supports the national REO rental program saying in a white paper to Congress on … [Read more...]
Real Estate News Week of December 10 – December 16
December 17, 2011 By Leave a Comment
Real Estate News Week of December 10 – December 16Real Estate news from the week of December 10 – December 16 :$80 Million – “Shopped” price for a Los Angeles mansion. The six bedroom house was previously owned by Walt Disney’s wife and currently is owned by Gabriel Brener, co-owner of the Houston Dynamo soccer club.$1.33 Billion – Lehman Brothers offer for half their stake in the Archstone apartment portfolio. The offer matches a previous one made by Equity Residential.3.94% – … [Read more...]
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THE Only Person Responsible for You Being Better, or Worse off, Today
THE Only Person Responsible for You Being Better, or Worse off, Today Standing at a podium in his crisp, dark blue suit, Ronald Reagan, the Republican candidate for President in 1980, looked sternly into the camera and posed this question to the American people: “Ask yourself, are you better off now than you were four years ago?” He was debating Jimmy Carter. The economy was in the tank. Virtually every indicator, from consumption, to GDP to the stock market, suggested the end of the … [Read more...]